Zillow close to unloading more than half of its iBuyer homes

Real estate giant also announces $750 million stock buyback following the company’s stock price tumble after Zillow Offers shutdown. Continue reading

DOJ to appear in court in appeal of pocket listing lawsuit against NAR

The agency, which is currently investigating the trade association’s Clear Cooperation Policy, says it’s defending its interest in the application of antitrust laws to the real estate industry. Continue reading

Clever Real Estate raises $8M in Series B, eyes mortgages

The discount paper brokerage says it reached profitability in the third quarter and is on track to sell more than 6,000 homes this year. Continue reading

‘Highly uniform’ commissions designed to thwart competition: study

The Consumer Federation of America pushes for an end to the sharing of commissions between listing and buyer brokers to spur price competition. Continue reading

5 ways NAR’s annual conference changed the future of real estate

The trade group changed real estate listings nationwide, made buyer agent compensation more transparent, declared a divisive symbol discriminatory and turned the gender divide on its head. Continue reading

Nation’s largest MLS teases upcoming tech investments

California Regional MLS CEO Art Carter highlights broker discomfort after Zillow’s acquisition of ShowingTime and Compass’ acquisition of Glide. Continue reading

NAR launches website to enlist Realtors in ‘court of public opinion’

The National Association of Realtors’ legal team says members can help the trade group fight its antitrust war while the association fends off the DOJ, REX and various commission lawsuits. Continue reading

NAR governance overhaul shifts power dynamic among top leaders

The trade group changed the composition and qualifications of its board of directors and Executive Committee with the aim of making itself more nimble, efficient, and transparent. Continue reading

NAR’s leadership team is majority-female for the first time ever

Leslie Rouda Smith follows in her father’s footsteps as NAR’s 2022 president as turnover within the group’s leadership team veered toward women for the first time since its founding in 1908. Continue reading

National Association of Realtors passes listing attribution policy

Three-quarters of the National Association of Realtors’ directors voted to require display of listing broker contact information on agent and broker websites. Continue reading