Industry groups renew push for lower FHA mortgage premiums

The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. Continue reading

Minneapolis Realtors apologize for racial discrimination in real estate

“Minneapolis Area Realtors apologizes to all members of the community who have been burdened, denied service, or ignored by our actions.” The trade group also releases policy changes designed to close the racial homeownership gap. Continue reading

Seeking clout, MLS trade group taps ex-DOJ and FTC antitrust lawyers

The Council of Multiple Listing Services has hired Alicia Batts and Dylan Carson to help the trade group exert influence over MLS-related decisions at the antitrust enforcement agencies. Continue reading

Court thwarts NAR, orders execs to turn over evidence in REX case

The brokerage argued that Bob Goldberg and Katie Johnson, among others, were responsible for NAR policies “limiting both how homes are listed online and the negotiation of commissions.” Continue reading

Court orders Anywhere to hand over NAR commission rule documents

Judge M. Page Kelley noted the real estate holding company formerly known as Realogy allegedly perpetuated NAR and MLS PIN’s “substantively identical” buyer broker commission rules. Continue reading

‘Don’t wait until the plane crashes’: Lawyers offer grim antitrust update

Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services’ annual conference. Continue reading

Presale home renovation startup Revive wins NAR ‘Pitch Battle’

Revive takes home the $15,000 cash prize from a contest hosted by NAR’s for-profit investment subsidiary Second Century Ventures. It was one of 12 startups to compete in the contest. Continue reading

What haunts MLS leaders? Politics, commissions and their own demise

At the Council of Multiple Listing Services’ annual conference, CEOs discussed being ready for the possible death of the commission structure and why MLSs should be run as businesses. Continue reading

NAR asks US Supreme Court to overturn pocket listing ruling

An appeals court allowed The PLS’s case against the Clear Cooperation Policy to proceed in April, but NAR hopes a review from the nation’s highest court will change that. Continue reading

REX seeks court order for Zillow listing data on FSBOs

Court sets new trial date for June 5, 2023, as the legal battle over the National Association of Realtors’ no-commingling rule continues. Continue reading