In the two new markets, Redfin agents – who are employees, not independent contractors – will sell homes for a 1.5 percent listing fee versus the industry standard 3 percent. However, 1.5 percent is still higher than the 1 percent listing fee Redfin of… Continue reading
Climate change poses a significant threat to the real estate industry, which has been slow to adopt standards to deal with the rising threat, according to a study published this week by the Urban Land Institute, a nonprofit education and research insti… Continue reading
Opendoor introduced on Tuesday a new program to refer clients outside of the company’s buy parameters to partner real estate agents. Continue reading
Zillow Group has hired Dawn Lyon, a former Glassdoor executive and longtime Zillow consultant, to serve as its new chief corporate relations officer. Continue reading
Robert Flaxman, the CEO and co-founder of Crown Realty and Development and Bruce Isackson, president of the California-based WP Investments, are both pleading guilty for their roles in the massive, highly publicized college fraud scheme, the U.S. Attor… Continue reading
Real Trends, the analytics and consulting firm behind the Real Trends 500, is taking aim at T3 Sixty, the publisher of the Swanepoel Mega 1000, another industry ranking of the top brokerages in the county. Continue reading
A New York-based real estate developer was sentenced to six years in prison on Thursday for running a years-long scheme to defraud investors of $58 million, the U.S. Attorney’s Office for the Southern District of New York announced. Continue reading
Softbank’s Vision Fund, the venture capital arm of Japanese conglomerate SoftBank, is seeking to raise an additional $15 billion to invest in tech startups. Continue reading
The unemployment rate remained static at 3.8 percent and total employment increased by 196,000 in March, according to the latest data from the U.S. Bureau of Labor Statistics. Continue reading
The U.S. Senate on Thursday confirmed Mark Calabria to head the Federal Housing Finance Agency (FHFA), the agency tasked with overseeing the government-sponsored entities Fannie Mae and Freddie Mac. Continue reading