Sound off on Clear Cooperation ahead of NAR committee meeting

WAV Group is seeking feedback from agents on the fate of the policy in a new survey ahead of the National Association of Realtors’ Emerging Issues Advisory Board committee meeting Sept. 12-13. Continue reading

Treasury finalizes new rules for luxury cash sales reporting

Treasury Secretary Janet Yellen said the new reporting rules will “close critical loopholes in the U.S. financial system” that had allowed criminals to launder money through all-cash residential real estate transactions. Continue reading

Agent safety startup Tether RE wins 2024 NAR Pitch Battle

Tether RE’s platform includes 24-hour safety monitoring, client verification, SOS alerts, proximity safety times and fall and crash alerts. Agent social MLS app Tuesday won Crowd Favorite. Continue reading

DC-area title companies settle agent steering scheme with AG

DC Attorney General Brian Schwalb found that four title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3 million. Continue reading

Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling

San Jose, California, a major tech hub, tallied single-family existing-home prices exceeding $2 million in 2Q for the first time since the National Association of Realtors began tracking home prices in 1979. Continue reading

Corcoran HM Properties acquires Property Shop International Realty

The acquisition will allow Corcoran HM Properties to expand into the coastal market of Wilmington. The firm’s combined footprint now spans more than 160 agents across six offices in North and South Carolina. Continue reading

Number of foreign buyer purchases falls to lowest point since 2009

As the U.S. dollar’s value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR. Continue reading

Pending home sales fall by 2.1% in May as buyer demand softens

Elevated mortgage rates continued to curb homebuyer activity in May, NAR reported. As inventory increases in upcoming months, slower home price growth will follow, and likely more buyers hitting the market. Continue reading

Compass, eXp, Redfin and others file joint motion to dismiss Batton 2

Defendants in the case, which also includes Weichert Realtors and United Real Estate, say the claims lack standing, are untimely and an attempt to “parrot” arguments made in Batton 1. Continue reading

‘Not warranted’: DOJ pushes back against NAR rehearing request

The U.S. Department of Justice on Monday argued NAR “does not identify any errors of law or fact meriting panel rehearing” over whether the antitrust enforcer can reopen its probe into NAR rules. Continue reading