Council of Multiple Listing Services CEO to step down

After nearly 11 years, Denee Evans decided not to renew her contract, and CMLS is on the hunt for its next top leader. Continue reading

Home of serial killer ‘The Grim Sleeper’ at center of buyer lawsuit

Homebuyer Suyeon Park alleges the agents and brokerages on both sides of the deal failed to disclose the serial killer owned and lived in the home and contact from the murderer’s “deranged fans.” Continue reading

Court rejects support request from alleged eXp sexual assault victims

U.S. Magistrate Judge Alicia G. Rosenberg granted eXp’s motion to compel eight-hour mental exams by a male doctor of the four agent plaintiffs without a monitor present. Continue reading

Fed: Requiring buyer agreements has no effect on commissions

The Federal Reserve analysis found that rising home prices are likely why commission rates fell in the past two decades, but found no impact on rates after buyer contracts were required in 15 states. Continue reading

Council of Multiple Listing Services hires Rene Galicia as its first COO

CMLS anticipates Galicia’s expertise in MLS policy will help guide members “through complex landscapes while championing transparency, efficiency, and pro-competitive practices.” Continue reading

NAR chooses 8 firms to spur ‘digital transformation of real estate’

NAR’s for-profit investment arm Second Century Ventures selected Foyer, Guest House, Infinityy, NEO, Pitch59, Pixlmob, Tether RE and QwikFix to participate in REACH this year. Continue reading

NAR’s new law firm for antitrust suits charges up to $3K an hour

The trade group has replaced Cooley with Quinn Emanuel Urquhart & Sullivan in the Moehrl and Gibson cases, a law firm that has represented NAR for years in other antitrust cases. Continue reading

Ex-CEO accused of embezzlement sues association ahead of trial

Michael Mercurio, the former CEO of the Greater San Diego Association of Realtors and San Diego MLS, alleges wrongful termination as a separate suit against him is set to go to trial in October. Continue reading

Howard Hanna CEO threatens to leave MLS: ‘The world has changed’

Howard Hanna’s CEO Howard “Hoby” Hanna envisions offering “a deeper level of retail experience” after the NAR rule change, but chafes at the trade group “telling us how to operate our business.” Continue reading

Howard Hanna CEO Hoby Hanna: ‘NAR sold industry down the river’

Hanna slammed the National Association of Realtors’ MLS rules in a conversation with Inman prior to the Gibson settlement last week, saying Clear Cooperation and IDX limit broker innovation. Continue reading