NAR claps back on commission attacks

The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading

Agent/broker perspective: Should brokerages police industry violations?

Each month Anthony Askowitz explores a hypothetical real estate situation from both sides of the broker/agent dynamic. This time: A rule-abiding agent is frustrated by her local association’s failure to penalize serious wrongdoers appropriately, especi… Continue reading

Study commissioned by REX claims commissions are deeply inflated

Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading

Marcia Fudge sworn in as HUD secretary with a fair housing focus

NAR looks forward to working with Fudge “to address racial disparities in real estate and our nation’s persistent housing affordability crisis.” Continue reading

Lawmakers, economists worry home price growth will ‘choke off’ buyers

Economists told Politico the yearslong imbalance of demand and supply will come to a head this year as first-time buyers give up on homeownership. Continue reading

NAR: ‘We haven’t seen a deluge’ of hate speech cases

The trade group’s professional standards committee will vote on case interpretations in May to help evaluate complaints. Continue reading

NAR CEO on racial injustice: ‘This is not a new issue’

Bob Goldberg reminded attendees at Inman Connect Now that the current situation is a long-standing one, and equality and fairness in housing is the trade group’s mission. Continue reading

CEO of realtor.com operator Move: ‘The game’s not over’

David Doctorow says realtor.com can contribute to “helping consumers think about making great homes and, when needed, sell homes” in partnership with the industry. Continue reading

Cash en route to small businesses after House approves new stimulus bill

The new stimulus bill includes $310 billion for the Paycheck Protection Program, which is supposed to help small firms through the pandemic. Continue reading

32% of first-time buyers get financial help from a relative or friend: NAR

Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey by the National Association of Realtors. Continue reading