The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case. Continue reading
Black homebuyers are are more likely to be denied a mortgage due to low appraisals while appraisers seemed to value homes higher if the applicant matched the neighborhood’s racial makeup, Illinois Realtors study finds. Continue reading
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading
The New York Department of State has launched 132 investigations into housing bias, which include allegations from Newsday’s “Long Island Divided” report. Continue reading
One agent told the discount brokerage: “I won’t bother to show [the listing]. Who’s your local agent though because I’ll make sure to tell people not to work with them.” Continue reading
Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading
In light of the explosive “Newsday” article, here is a look at what steering is, why it’s critical to fully understand it and how to avoid it both personally and for your brokerage. Continue reading
The “Newsday” investigation shows that we need to do better with fair housing training. Let’s go beyond looking at laws and start building an awareness of what fair housing means in human terms. Continue reading
The lawsuit alleges that the National Association of Realtors (NAR), Realogy Holdings Corp., Keller Williams Realty, RE/MAX LLC, HomeServices of America Inc. and HomeServices subsidiaries BHH Affiliates LLC, HSF Affiliates LLC, and The Long & Fost… Continue reading