Commission rules, lockbox access chief among threats to industry

At Coldwell Banker’s Gen Blue Experience event, Kalama Kim predicted that everything from a DOJ antitrust case to “marginal agents” could soon upend the real estate industry. Continue reading

‘This is not a blip’: Antitrust experts warn RE leaders to work with DOJ

The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, “It’s better to be part of the process … than having the rules written for you.” Continue reading

REX: ‘Outmoded’ real estate rules ‘struck a vein’ with DOJ

Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading

Agent commissions are headed for a reckoning: 3 things to consider

The great uncoupling of commissions is coming. Whether it’s government intervention or voluntary innovation, as the DOJ versus NAR battle shows, change will happen in the industry. Consumers are asking for it. Agents and brokers who choose innovation o… Continue reading

Why REX pays buyer agents and uses MLSs — sometimes

REX’s general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40 percent of its list-side transactions. Continue reading

REX CEO calls on NAR to repeal ‘anti-consumer’ rules at conference

In an open letter, Ryan alleges the National Association of Realtors’ rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November. Continue reading

NAR to consider listing attribution, DOJ-inspired policies at next event

Lockbox access for non-Realtors and public displays of buyer broker commissions may be added to the list of proposals to be voted on at Realtors Conference and Expo in November. Continue reading

Redfin CEO, Zillow pour cold water on TikToker’s iBuyer theory

A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading

Interest in second homes remains down for third consecutive month

Many buyers are still considering second-home purchases, but the number was down from last year’s blistering levels. Continue reading

NAR is fighting a losing battle against the feds

Now is the time to unwind the messy set of industry practices at the crux of this fight and bring transparency, fairness and clarity to real estate transactions. Continue reading