Tag Archives: News Brief

SEC charges real estate developer with fraud in Ponzi-scheme

By | | Uncategorized
Comments Off on SEC charges real estate developer with fraud in Ponzi-scheme

The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan. Continue reading →

Realtor.com lays off Arizona sales team, consolidates in California

By | | Uncategorized
Comments Off on Realtor.com lays off Arizona sales team, consolidates in California

The team in Scottsdale had been working on realtor.com’s lead generation and marketing products, which are geared toward real estate agents. Now, all those sales efforts at realtor.com will be consolidated into an office in Westlake Village, California… Continue reading →

Redfin’s new agent-free service hits regulatory snag

By | | Uncategorized
Comments Off on Redfin’s new agent-free service hits regulatory snag

Redfin Direct, a pilot program that allows consumers to make direct offers on homes listed by real estate brokerage Redfin online without being represented by a buyer’s agent, is violating a regulation regarding agency disclosure, according to a Massac… Continue reading →

Company that eliminates security deposits ‘locks’ in new partner

By | | Uncategorized
Comments Off on Company that eliminates security deposits ‘locks’ in new partner

LeaseLock replaces security deposits with monthly fees and believes its new insurance partnership shows that the industry is embracing its business model. Continue reading →

HUD Secretary slammed for confusing REO with Oreo cookies

By | | Uncategorized
Comments Off on HUD Secretary slammed for confusing REO with Oreo cookies

Despite the controversy that has swirled around his tenure, following the Oreo incident, Ben Carson attempted to downplay his apparent confusion. Continue reading →

Compass poaches entire 22-person Coldwell Banker team

By | | Uncategorized
Comments Off on Compass poaches entire 22-person Coldwell Banker team

Los Angeles-based WSA Real Estate operates in the tony western half of Los Angeles. Team members are now decamping for Compass, which is not acquiring the entity itself. Continue reading →

Trulia founder Pete Flint’s venture firm NFX raises $275M

By | | Uncategorized
Comments Off on Trulia founder Pete Flint’s venture firm NFX raises $275M

NFX splits its investments equally between business-to-business companies and business-to-consumer companies, but said that out of 3,000 firms seeking money this year it will ultimately only fund 0.5 percent. Continue reading →