Brad Inman challenges agents to embrace the future: ‘This is your time’

The real estate industry has been in an era of rapid digitization for the past decade, and venture capitalists are pushing fast-forward on a future where transactions are as simple as buying a new car. Although that future terrifies most agents, Inman … Continue reading

NAR president to DOJ: Step up and honor the agreement

In response to the Department of Justice hitting back against a petition from the National Association of Realtors, NAR president Charlie Oppler urged the DOJ to honor their agreement, calling for fair markets, fair housing and a fair chance for small … Continue reading

Inman Top 5: The biggest stories of the week Oct. 15-21, 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

DOJ to NAR: Increased competition could save consumers billions

In court filings, regulator says rules “restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations.” Continue reading

Buyer commissions in — lockboxes out — when NAR votes next month

The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won’t consider change to lockbox policy. Continue reading

‘This is not a blip’: Antitrust experts warn RE leaders to work with DOJ

The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, “It’s better to be part of the process … than having the rules written for you.” Continue reading

REX: ‘Outmoded’ real estate rules ‘struck a vein’ with DOJ

Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading

Agent commissions are headed for a reckoning: 3 things to consider

The great uncoupling of commissions is coming. Whether it’s government intervention or voluntary innovation, as the DOJ versus NAR battle shows, change will happen in the industry. Consumers are asking for it. Agents and brokers who choose innovation o… Continue reading

REX CEO calls on NAR to repeal ‘anti-consumer’ rules at conference

In an open letter, Ryan alleges the National Association of Realtors’ rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November. Continue reading

Opendoor and FTC still at odds over iBuyer’s advertising

Regulator threatened “enforcement action” related to allegedly “inaccurate” or “inadequately substantiated” advertising claims if settlement talks fail. Continue reading