Fashion Nova founder buys 2 Miami Beach homes for $30M

Richard Saghian, the founder of the California-based online fashion company Fashion Nova, has expanded his real estate portfolio with the purchase of two Miami Beach properties for $30 million, The Real Deal reported Wednesday. The acquisition includes… Continue reading

Agents resilient as Milton slams Florida 2 weeks after Helene

The storm hit Sarasota as a Category 3 hurricane late Wednesday night after several tornadoes had already run rampant in the state before Milton’s landfall. Agents said Milton is a lot to deal with shortly after Helene, but experience with extreme weat… Continue reading

Florida’s biggest insurer hands off 600k policies as new storm comes

The Florida Legislature-created Citizens Property Insurance Corporation has been so overwhelmed with new insurance policies in recent years that regulators have approved proposals for private insurers to take over more than 600,000 of those policies. Continue reading

Minnesota latest to sue MV Realty over ‘immoral and illegal’ contracts

Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling “contracts with oppressive terms.” Continue reading

Agents put their resource hat on as Helene rages northward

As Helene progressed from a hurricane to a tropical storm to a post-tropical cyclone on Friday, agents got into gear serving as a resource for clients, while dealing with high winds and flooding. Continue reading

MV Realty loses Colorado license in latest setback over contracts

The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as “predatory.” Continue reading

More and more homes are languishing on the market

In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales. Continue reading

MV Realty barred from enforcing 40-year contract in California

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year “homeowner benefit agreements.” Continue reading

Katie Kossev: ‘Mass confusion’ common in the wake of NAR’s rules

The managing broker of Texas at Side said that luxury buyers in particular seem to understand the value of compensating their real estate agents. Continue reading

EXp Realty to host AI-powered Hackathon in Miami Beach

The brokerage is set to host its inaugural Hackathon on Oct. 26. In addition to prizes, participants will have the chance to network with industry leaders. Continue reading