Compass releases ‘reverse prospecting’ marketing tool

The marketing tool provides insights and data on likely buyers who have engaged with properties listed by Compass agents. It may also help Compass’ ongoing push against Clear Cooperation. Continue reading

CMLS urges NAR to keep Clear Cooperation in new letter

CMLS CEO Denee Evans argued against the “removal or significant weakening of a policy so critical to the integrity of our housing market” in an open letter to NAR and its members Friday afternoon. Continue reading

September existing-home sales fall, but inventory offers hope

Existing-home sales continued their downward trajectory in September, declining 3.5 percent year over year and 1 percent month over month, according to data released Wednesday by NAR. Continue reading

‘Danger Report’ sequel lays out 20 ‘opportunities’ for real estate

The Opportunity Report calls for NAR to regain the trust of its members by making political advocacy its central mission, sunsetting the three-way agreement and reforming its governance. Continue reading

Maine team jumps to eXp Realty, citing commission suits as a reason

Steven Brackett and his 36-agent team have moved to the virtual brokerage. Brackett cited tools and training, as well as the commission lawsuits, as reasons that convinced him to make the move. Continue reading

The real estate industry is more politically split than you think

Amid a tumultuous year for the real estate industry, Realtors have donated millions to political causes — and Democrats have managed to collect more than Republicans from the industry’s rank and file. Continue reading

Broker files multimillion-dollar suit over ‘forced’ NAR membership

Maurice Muhammad alleges a “monopoly” by NAR, the state Realtor association and the local MLS limits competition, inflates prices, and disproportionately affects minority brokers and agents. Continue reading

NAR asks court to dismiss lawsuit filed by discount brokerage Homie

Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot. Continue reading

Clear Cooperation: When fiduciary duties clash with personal ethics

Former Phoenix Realtors President Butch Leiber writes that industry policy must be grounded in promoting and protecting the best interests of clients. Continue reading

Brokers envision existential threat to MLS in Clear Cooperation debate

In a webinar Tuesday, Keller Williams’ Jeff Hickey, NextHome’s James Dwiggins, Miami MLS’s Liz Sturrock and Seven Gables’ Mike Hickman clashed over the future of NAR’s pocket listing rule. Continue reading