The company agreed to unspecified business practice changes and to make the payment to move forward from the commission lawsuits in Canada, which largely mirrored those filed in the U.S. Continue reading
A drop in expenses was enough to offset falling revenue from franchise fees and annual dues that make up about 70 percent of RE/MAX’s revenue, the company said on Thursday. Continue reading
In a new legal filing, homeseller plaintiffs in a commission lawsuit in Missouri dispute Crye-Leike’s claim that its six brokerages are separate and covered by NAR settlement. Continue reading
As it seeks to slash costs to pay a $418 million lawsuit settlement, the National Association of Realtors announced on Tuesday it would stop printing “Realtor” magazine and move to a digital-only format. Continue reading
Was Zillow’s policy shift, which led to a January 2021 update, a website update or an agreement with NAR that illegally restrained trade? Judges hear both sides. Continue reading
Airbnb said it would spend over $200 million on unspecified investments this year as it looks to continue its post-pandemic boom. The company reported revenue has tripled since it went public in 2020. Continue reading
George T. Spyridakis, an associate broker with eXp Realty, alleged Zillow’s StreetEasy allowed multiple brokers to list the same unit on the platform, effectively hiding it from public view. Continue reading
On the same day Redfin announced a new partnership to syndicate Zillow rental listings in multifamily buildings, the company said it would eliminate the positions of approximately 450 employees. Continue reading
Bert Whalen was ordered to serve over 3 years in prison for his role in a scheme to sell hundreds of dilapidated homes to rookie investors, working at times with a former host of Fox & Friends. Continue reading
Impact on certain markets may be “profound,” attorneys warn, as federal agencies look to cut the size of their real estate footprint by as much as 50 percent under the Trump administration. Continue reading