Hanna fights back against homebuyer commission suit

Parent company of Howard Hanna Real Estate Services argues plaintiff agreed to a mediation clause and, as a buyer, doesn’t have standing to sue under federal and state antitrust laws. Continue reading

Douglas Elliman sees revenue tick up in Q2 2024

The company’s improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders in recent months because of its shaky performance over the past few quarters. Continue reading

Zillow Group names Jeremy Wacksman as new CEO

After five years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past what Barton calls the “Portal 1.0” experience. Continue reading

Matterport exec alleges she was fired for raising business concerns

The former sales executive filed a lawsuit in California alleging “she was pushed out of the company because she raised concerns about illegal and unethical practices.” Continue reading

Real Brokerage sees new highs in revenue, gross profit during Q2

The cloud-based brokerage saw surprisingly positive second-quarter earnings results during a tough market. Real chairman and CEO Tamir Poleg said the results were a testament to the firm’s business model. Continue reading

Consumer watchdog advises buyers to pay agents ‘2% or less’

The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead. Continue reading

Redfin sees Q2 revenue rise, while losses remain nearly flat

The company saw revenue climb 7 percent to $295.2 million between April and June, but it also lost $27.9 million — just a hair above its Q2 2023 loss. Continue reading

Travelers spent $21.2B booking through Airbnb last quarter

The leading short-term rental platform told investors that its share of revenue grew by 11 percent to $2.75 billion in the second quarter of this year. Travelers made 125.1 million total bookings in three months. Continue reading

NAR settlement still an enigma for some ahead of big Aug. 17 deadline

Last week, the brightest minds in real estate converged at Inman Connect to set agents, brokers and MLS members straight on the finer points of the new rules taking effect in less than two weeks. Continue reading

8 key ways our team is preparing for Aug. 17

Here’s how team leader Carl Medford is being proactive and prepared as his team gears up for the changes that will follow the implementation of the National Association of Realtors’ settlement agreement. Continue reading