Tag Archives: NAR

Victims awarded $12M in flipper scheme repped by HGTV stars

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The Federal Trade Commission (FTC) is distributing $12 million in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC. Continue reading →

Average buyer’s agent commission has fallen since NAR settlement

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Redfin’s latest report revealed the average buyer’s agent’s commission percentage has declined in 47 of the 50 largest markets since the National Association of Realtors’ March settlement. However, robust home prices have yielded small gains in commiss… Continue reading →

Compass CEO: Clear cooperation is ‘anti-homeowner’

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Robert Reffkin on Wednesday said clear cooperation attaches “negative insights” to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed. Continue reading →

Compass posts gains in revenue and agent count in Q2 earnings

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Compass brought in $1.7 billion in revenue between April and June, and managed to add thousands of real estate agents to its ranks, according to Q2 earnings released Wednesday. Continue reading →

NAR President Kevin Sears sends message of resilience at ICLV

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“I hope — at the end of the day, at the end of the two-year term — to be able to look back and say there was some stability and calm,” Sears told hundreds of ICLV attendees, many of them NAR members. Continue reading →

Is luxury real estate settlement-proof? These leaders think so

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Luxury homebuyers are used to paying big bucks for quality service. That’s partly why several Luxury Connect panelists in Las Vegas think the NAR settlement won’t make a huge splash in the higher price points. Continue reading →

CRMLS removes seller concession fields due to CAR forms change

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California Regional MLS will continue to allow agents to indicate whether sellers will consider concessions but will no longer have the option to specify a dollar amount or percentage. Continue reading →

More than 10 million homesellers targeted in class-action media blitz

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JND Legal Administration, the company tapped by lawyers to oversee administrative tasks around the Gibson settlement, sent mail out to millions of potential class members earlier this year. Continue reading →

Expect more guidance from NAR — but fewer rules: CMLS CEO Evans

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CMLS CEO Denee Evans revealed why she believes NAR will choose not to create new MLS rules over the next six to 12 months ahead of her appearance next week at Inman Connect Las Vegas. Continue reading →