Agents sue largest Coldwell Banker franchise over commission ‘scheme’

Coldwell Banker Seacoast Advantage allegedly pocketed commission fees it told its agents were going to the franchisor. The brokerage says the allegations are “a complete fabrication.”
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NAR appoints top-producing agent Jennifer Wauhob to leadership team

Jennifer Wauhob, who leads a 7-agent team for Better Homes and Gardens Real Estate Gary Greene in Houston, will take up the role of VP of association affairs following the death of Margo Wheeler earlier this year. Continue reading

Massachusetts orders halt to MV Realty’s 40-year listing contracts

Preliminary injunction in Massachusetts says “homeowner benefit agreements” are actually high-interest mortgage loans and can no longer be offered or enforced until case is resolved. Continue reading

Rise in Black homeownership over past decade negligible, data shows

The National Association of Realtors said increasing the nation’s inventory is one solution to address homeownership gap. The trade group is eying 3 million net new Black homeowners by 2030. Continue reading

Former KW CEO slams Gary Keller, calls brokerage ‘criminal enterprise’

Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis’s claims are “unsubstantiated, unwarranted, and disparaging.” Continue reading

MV Realty halts ‘homeowner benefit agreements’ amid 4 investigations

Following lawsuits in Pennsylvania, Massachusetts, Florida and Ohio, the brokerage is redrafting 40-year contracts that offer homeowners cash in exchange for exclusive rights to list their home. Continue reading

NAR rolls out 5th ‘That’s Who We R’ ad campaign after fee hike

The campaign’s core message this year is “here for it all” with the aim of showing how the nation’s more than 1.5 million Realtors work to make the dream of property ownership a reality. Continue reading

Ohio 4th state to sue MV Realty over allegedly ‘shameful business model’

Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its “homeowner benefit agreements” in Florida, Pennsylvania and Massachusetts. Continue reading

Nearly two-thirds of brokerage sites aren’t displaying commissions

Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading

National Association of Realtors’ Canadian twin is betting big on tech

The Canadian Real Estate Association, which owns and controls Canada’s most popular listing site, is spinning off into a tech company. Ex-CREA Chair Cliff Stevenson shared what’s in store. Continue reading