Award per homeseller in Sitzer is about $913 and getting smaller

Over 491,000 homesellers have filed claims for a portion of the $700 million raised by real estate settlements in Sitzer, with more to come before May 2025 deadline. Continue reading

Phoenix Realtors offer MLS Choice amid 3-way agreement pushback

The new membership option will give agents who aren’t members of local, state or national Realtor associations access to state-compliant forms as alternative to NAR’s “three-way agreement.” Continue reading

With focus on mortgage business, Zillow launches ‘BuyAbility’ tool

Zillow releases a new “BuyAbility” tool it says helps consumers find homes they can actually afford to buy after accounting for more variables. Continue reading

NAR perks and lavish spending spotlight of New York Times report

Volunteer National Association of Realtors’ leaders received perks and payment that lawyers say could run afoul of US tax laws, according to an investigation by the Times published on Monday. Continue reading

Homie: NAR created a ‘weapon’ that it used to block competition

In the latest filing in its quest for damages, Utah-based discount brokerage Homie asserted NAR, KW, RE/MAX and others created and enforced rules that amounted to an illegal conspiracy. Continue reading

Decline in NAR membership, long expected, hasn’t materialized yet

With 1,526,631 members as of Oct. 31, the National Association of Realtors is on track to end 2024 with its fourth-highest membership numbers on record. Next year, however, is a different story. Continue reading

Airbnb profit falls in Q3 despite growth in supply and demand

Travelers spent $20.1 billion on Airbnb in Q3, a 10 percent increase compared to a year ago, according to earnings results Thursday. Still, a spike in expenses as it seeks to grow overseas cut into profits. Continue reading

The Real Brokerage posts revenue gain as recruitment soars in Q3

The Real Brokerage added more than 2,000 new agents in the third quarter while revenue rose to $372.5 million, according to quarterly earnings Thursday. The company posted a net loss of $2.5 million. Continue reading

The Q3 calls to watch closely as real estate’s ‘Super Thursday’ unfolds

Anywhere Real Estate, Redfin, eXp World Holdings and seven more of the nation’s largest real estate companies are set to release quarterly data on Thursday that could illuminate their fitness in 2025. Continue reading

Real estate tycoon sentenced to death in Vietnam appeals sentence

Accused of embezzling as much as $27 billion alongside her husband and other accomplices, Truong My Lan told the court on Monday that her sentence is “too expensive to pay” and “too severe.” Continue reading