Tag Archives: Minnesota

Compass negotiating to buy Berkshire Hathaway HomeServices

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The deal is reportedly nearing the finish line, though the companies have not agreed on final terms. Continue reading →

Democrats reintroduce bill to expose rental algorithms

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Minnesota Senator Amy Klobuchar has reintroduced the Preventing Algorithmic Collusion Act, inspired by the Department of Justice’s RealPage investigation. Continue reading →

Brookfield Properties said to be acquiring Divvy Homes in ‘fire sale’

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Valued at $2 billion in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year. Continue reading →

DOJ adds major landlords to antitrust lawsuit against RealPage

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Greystar Real Estate Partners, Blackstone’s LivCor and Cushman & Wakefield are among the institutional landlords accused of fixing rental prices — to the detriment of “millions” of renters. Continue reading →

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

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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 →

Will dual agency become common after NAR’s settlement?

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Some believe more buyers will come to the table without agents. That could lead to fertile breeding grounds for the polarizing practice sometimes known as “double ending.” Continue reading →

Nevada homeseller files yet another commission lawsuit

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Angela Boykin is suing over a home sale from 2022. Her case is the second such recent lawsuit out of Nevada, and adds to the growing number of cases that have followed the Sitzer | Burnett verdict . Continue reading →

Brokers fear losing commissions, agents if lawsuits succeed: Survey

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Real estate professionals are preparing for painful changes and the upending of the status quo if courts rule in favor of plaintiffs in two key lawsuits, a survey on commissions conducted by Intel shows. Continue reading →

Real estate agents of TikTok say a big market shift is afoot

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All across the country, real estate agents are posting positive signs of change from the trenches and revealing they’re suddenly dealing with packed open houses and intensifying bidding wars. Continue reading →

Well-intentioned rent control laws can do more harm than good: Study

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A new study comes as city, state and federal lawmakers call for caps on how much landlords can raise rent. In one case, property taxes were projected to drop 4 percent as a result of rent control laws. Continue reading →