Inman Top 5: The biggest stories of the week Oct. 1-5, 2021

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories of the week, according to Inman website visitors. Continue reading

NAR vs. DOJ: A timeline of the battle as it stretches into 4th year

An analysis of the association’s petition offers a step-by-step timeline of the events leading up to the DOJ’s launch of a new probe into NAR rules. Continue reading

REX takes new jab at NAR in blistering ‘cartel economics’ attack

The discount brokerage struck on Wednesday following the National Association of Realtors’ petition two days earlier to compel the DOJ to uphold its antitrust settlement. Continue reading

DOJ quietly resumed NAR probe days after settlement withdrawal

In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into the Clear Cooperation Policy and buyer broker commissions in July. Continue reading

Zillow, NAR slam REX’s alleged use of antitrust as a business strategy

Real estate giants Zillow and the National Association of Realtors are attempting to get an antitrust lawsuit filed by REX Real Estate tossed, hitting back against the discount brokerage’s allegations that it is the target of an illegal boycott. … Continue reading

Cloud-based brokerage Archetape grows services with 2 acquisitions

Archetape has acquired Pinnacle Realty Advisors and Broker Breakup. Agents will now have the option to choose what business model fits their needs, whether that’s a full-service, cloud-based brokerage or a while label brokerage experience. Continue reading

RE/MAX sues eXp Realty over recruitment, ‘false advertising’

The suit claims eXp tried to solicit franchisees whose contracts with RE/MAX weren’t over yet, and that it misrepresented RE/MAX’s commission splits, among other things. Continue reading

NAR: ‘The MLS is under attack’

Lawsuits alleging that NAR rules regarding multiple listing services prop up commissions that inflate buyer and seller costs keep proliferating. Continue reading

Compass readies for first earnings report after a turbulent month

As Compass gears up for its first-ever earnings call on May 12, here’s a review of the brokerage’s first month as a publicly traded company — including acquisitions, lawsuits and stock market highs and lows. Continue reading

NAR: Don’t work without a written listing agreement

Some agents may be tempted to advertise a property without a written and signed listing agreement in place to avoid having to enter the listing into their local multiple listing service. The National Association of Realtors has some advice: Don’t do it. Continue reading