Kentucky, W. Virginia move to ban exclusive, right-to-list agreements

New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices. Continue reading

Pacaso is now offering shares in homes for as little as $130K

The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers. Continue reading

In ‘shocker’ of a vote, Chicago transfer tax hike headed for defeat

The key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100 million through a tax hike on real estate sales. Continue reading

How commission chaos divided the real estate industry into 4 factions

The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward. Continue reading

An anticipated settlement still shocks the real estate industry

Settlement represents “nothing short of a sea change” as the National Association of Realtors agrees to pay $418 million and make sweeping changes. Continue reading

NAR agrees to settle commission lawsuits for $418M

NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement. Continue reading

Illinois Supreme Court says Chicago tax hike can move ahead

A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot. Continue reading

Jail ahead for ‘worst landlord on this planet’ over squalid rentals

The sheriff has been ordered to arrest a landlord twice named worst in New York City and bring him to Rikers Island for up to 60 days over hundreds of building violations. Continue reading

Curbio faces lawsuits, complaints from agents amid rapid growth

Some Realtors and the attorney general in Washington, D.C., have come forward with criticism of Curbio. Executives say the complaints represent a tiny fraction of the thousands it has helped. Continue reading

Appeals court rules Chicago transfer tax hike can move ahead

Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5 million. Realtors say it amounts to a secret tax and rent hike. Continue reading