The complaint — one of nearly two dozen targeting real estate’s long-standing commission-sharing structure — alleges that “most” buyer agents will steer clients away from listings that offer a lower commission. Continue reading
U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR. Continue reading
In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it “forced down our throats.” Continue reading
Despite ongoing commission lawsuits, agents are more concerned about the health of the real estate pie than the size of their own slice, results of the latest Inman Intel Index survey show. Continue reading
NAR Chief Economist Lawrence Yun warned of “further declines in membership over the next 24 months” after NAR posted a 2.1 percent annual membership decline last month. Continue reading
The company is appealing a recent ruling that rejected its request for a new trial. REX has been feuding with Zillow for years now. Continue reading
Guy Gal spoke out last week about the challenges of 2023 and the way agents can avoid falling prey to negativity even during tough times. Continue reading
Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR. Continue reading
In a video that abruptly vanished from NAR’s website Wednesday before resurfacing, Wright said the group does not set commissions — a practice it isn’t currently being accused of — and welcomed competition from AREA. Continue reading
Hale has been with HAR since the 1970s, racking up a long list of accomplishments and awards along the way. René Galvan will succeed him as president and CEO. Continue reading