The Agency CEO and founder said he plans to revive a lawsuit against NAR over a pocket listing network. The threat came days after NAR officials convened to reevaluate Clear Cooperation. Continue reading
Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry’s most polarizing rules. Continue reading
Seattle-based brokerage Redfin is taking its commission-based payment model, Redfin Next, nationwide on Oct. 27. Redfin Next enables agents to keep their W-2 status and benefits while earning competitive commission splits. Continue reading
The settlement was revealed in a new court filing, though the company has not said how much it might pay. The Keyes Company has more than 4,000 agents working across Florida. Continue reading
According to Redfin, the typical U.S. homebuyer’s down payment hit the highest level in over a decade, at 18.6 percent of the purchase price in June, up from 15 percent the previous year. Continue reading
Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services. Continue reading
The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday. Continue reading
A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states. Continue reading
Two days before the implementation of new cooperative compensation rules, Redfin CEO Glenn Kelman explained what the changes will mean for consumers and the industry at-large. Continue reading
The latest adjustment marks the lowest a typical payment has been in six months — and, with a mere 1 percent month-over-month increase, the smallest uptick in five years, according to a Redfin analysis. Continue reading