Opendoor disciplined in North Carolina for disclosure lapses

Regulators say the iBuyer misrepresented a home and didn’t get the proper permits for another. Its license was suspended for 18 months, but the North Carolina Real Estate Commission has stayed the suspension, allowing Opendoor to continue operating. Continue reading

RenoFi lands $14M Series A to connect home renovators to lenders

The startup’s origination and underwriting platform lets homeowners borrow up to 90 percent of their home’s “future value.” Continue reading

Porch buying spree continues with $33M RWS acquisition

Porch closed its latest acquisition days after parting ways with its CFO upon discovering weaknesses in financial reporting that prevented it from filing its 2021 annual report on time. Continue reading

@properties expands franchise operations to Washington, D.C.

RLAH Real Estate will become the latest in a growing number of @properties franchises. The company will also be the first @properties franchise on the East Coast. Continue reading

Opendoor brings iBuying services to New Jersey, New York state

The move will see Opendoor make cash offers in 17 counties in the two Northeastern states. New York City is not included in the expansion. It also brings Opendoor’s market count to 46. Continue reading

CoStar CEO Andy Florance accused of bullying and gunplay: Report

Dozens of current and former CoStar employees said CEO Andy Florance’s heavy-handed management tactics, which includes publicly ridiculing staffers, made them fearful for their jobs. Continue reading

Tom Ferry on buyers, branding, brokerage: The Real Word

This week: Byron Lazine and Nicole White are joined by special guest Tom Ferry offering insights on marketing to millennials and expanding your brokerage’s end-to-end capabilities. Continue reading

Redfin closes $137.8M acquisition of Bay Equity Home Loans

The deal to purchase the California-based national mortgage lender accelerates the brokerage’s strategy to become a one-stop shop for buying, selling, renting and financing a home. Continue reading

Serhant. to launch new office in the Hamptons this summer

The new office location, “Serhant. House Hamptons,” is expected to open in summer 2022 and will help bolster the firm’s existing operations in the luxury market outside of New York City. Continue reading