Weak demand drives up share of homesellers cutting prices

The typical home sold for 0.3 percent less than the original asking price in the past month, according to a new report from Redfin. Continue reading

Proposed sale of REcolorado MLS a response to commission litigation

Denver Metro Association of Realtors and South Metro Denver Realtors Association say sale to private equity firm would offer protection during a time of intense litigation in the real estate industry. Continue reading

Watchdog group takes aim at California buyer rep agreements

New report shines light on buyer representation agreements as brokerages and Realtor organizations move to update forms and comply with legal settlements this summer. Continue reading

Former NAR employee seeks $1M in new lawsuit alleging retaliation

Roshani Sheth, a former product manager for the Realtors Information Network, filed suit after an Equal Employment Opportunity Commission probe into her racial and sexual harassment claims. Continue reading

Countdown as firms not covered by NAR settlement face tough choice

Brokerages and MLSs have until 11:59 p.m. CST Tuesday to opt in to deals resolving antitrust claims brought by sellers targeting commissions. Inman contacted 79 brokerages for their updates. Continue reading

VA officially unveils rules to allow vets to pay broker commissions

The temporary rules were first announced in May ahead of Memorial Day and came in response to calls from Realtors who feared veterans would become less competitive in the new landscape. Continue reading

Jackson Hole agents brace for impact as key road collapses

A portion of Teton Pass connecting workers who live in Idaho with the tony tourist town of Jackson, Wyoming, collapsed over the weekend. Continue reading

Nova Scotia MLS adds new fields to serve buyers with mobility needs

Realtors can now add information to help potential buyers search for homes that might meet their mobility needs. The new fields were added to the Nova Scotia MLS on Wednesday. Continue reading

RE/MAX announces more changes in its C-suite offices as COO resigns

RE/MAX Chief Operating Officer Serene Smith is leaving after 7 years in the role. Rob Fuchs has signed on as a new EVP. Changes follow departure of former CEO Nick Bailey, who exited in February. Continue reading