Author Archives: Andrea V. Brambila

NAR and Anywhere clash over commission class action trial

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The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America. Continue reading →

A sales uptick in 2023? Zillow’s senior economist thinks it’s likely

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During a Connect Now session on Thursday, Zillow Senior Economist Dr. Orphe Divounguy predicted affordability will “stabilize” in 2023, setting the stage for an increase in home sales. Continue reading →

First MLS venture capital fund hires Jeff Turner to help scale up

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Turner is a former entrepreneur in residence for NAR venture capital arm Second Century Ventures and a co-founder of Realtor association management platform Tangilla. Continue reading →

The PLS to Supreme Court: Deny NAR petition in pocket listing suit

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In a new brief, the former pocket listing service argues that NAR limited competition to its Realtor-affiliated MLSs “by conspiring to destroy the livelihood of any dissenting real estate agent.” Continue reading →

Bright becomes first multiple listing service to hire a chief data officer

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Thomas Morgan’s appointment aims to “redefine what it means to be an MLS” and falls in line with other high-profile hires this year that are also at least somewhat unusual for an MLS. Continue reading →

Calling all startups: NAR’s tech accelerator is taking applications

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The National Association of Realtors’ venture capital arm Second Century Ventures runs REACH, which debuted in 2012 and has invested in more than 200 startups over the years. Continue reading →

Florida first state to sue MV Realty over 40-year homeowner contracts

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Following the launch of an investigation by regulators in North Carolina last month, Florida’s attorney general’s office says MV Realty’s business practices “shock the conscience.” Continue reading →

Local association’s revenue bump funds national ad campaign

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Broward, Palm Beaches and St. Lucie Realtors’ “Only a Realtor” commercials are a “local contribution to creating a national movement,” the association says. Continue reading →

NAR venture capital arm launches tech accelerator in Latin America

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The launch marks the first time the accelerator, REACH, will accept applications from companies in a non-primarily English-speaking region. Real estate startups can apply through February, and the application is also available in Spanish by request. Continue reading →

NAR shuts down bid to end no-commingling rule, Zillow reveals

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Zillow Senior Director of Broker Operations Matt Hendricks said the portal petitioned NAR to stop allowing MLSs to ban brokers from displaying MLS listings with non-MLS listings online. Continue reading →