Tag Archives: Industry News

Pending home sales stagnate in November despite rate relief

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November’s numbers show pending sales didn’t move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead. Continue reading →

Zillow files antitrust lawsuit against 2 major MLSs

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The listings portal filed a complaint in U.S. District Court for the District of Arizona against Arizona Regional MLS and MLS Inc. for what it asserts are violations of federal antitrust law. Continue reading →

MyHome expands menu of lender services with Volly acquisition

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Volly’s customer relationship management, lead conversion and portfolio retention tools will be offered to lenders through WFG Enterprise Solutions. Continue reading →

NAR, franchisors ask for summary judgment in Moehrl suit

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The National Association of Realtors, Keller Williams and HomeServices of America have all asked a federal judge in Illinois to rule in their favor before the Moehrl case goes to trial. Continue reading →

All the Inman Connect New York updates you need now

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As we all gear up to welcome 2024, Inman Connect New York is excited to offer you the opportunity to gain new insights, build new connections, and learn new skills that will help you set a new vision and plan for the year ahead. Continue reading →

Texas homesellers file new commission suit as cases pile up

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The new suit is the second in Texas since the Sitzer | Burnett verdict, and is one of a growing number of antitrust cases challenging the way agents get paid. Continue reading →

Merger of Lower and Thrive would give Veritex 12.5% ownership stake

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Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive Mortgage in 2021, expects a $25 million to $30 million loss if the deal closes. Continue reading →

Compass COO Greg Hart to leave company at year end

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Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer. Continue reading →

KW begins notifying former agents of profit-sharing cuts

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People who left Keller Williams for a competitor have begun receiving letters telling them that their profit share earnings will be reduced from 100 percent to 5 percent. Continue reading →