‘Godspeed’: Enforcement of NAR settlement changes shifts to MLSs

At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules. Continue reading

How to ignore the legal drama and focus on the opportunity

While you need to be aware of the changes going on in the industry, CEO Verl Workman writes, you also need to make sure to keep your focus on what you can control. Continue reading

What if NAR went away? Examining the catastrophic potential

Although it may seem righteous to dismantle the institution that NAR has built, brokerage founder Sean Frank writes, the collapse of NAR would equate to the collapse of the modern real estate market as we know it. Continue reading

January cyberattack a $37M weight on loanDepot Q1 2024 results

In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. Continue reading

Redfin rides momentum to Q1 revenue bump, beats expectations

Seattle-based Redfin’s revenue increased 5 percent year over year to $225.5 million — beating revenue projections of $218.1 million. Still, the company is struggling to control its net losses, which grew nearly 10 percent from 2023. Continue reading

Better settles with former exec who filed whistleblower suit

Former operations head Sarah Pierce, who had accused Better CEO Vishal Garg of providing misleading information to investors in leadup to SPAC, faced $2.76 million judgment in countersuit. Continue reading

Leading Laguna Beach team returns to Compass from Coldwell

The Marcus Skenderian Real Estate Group is boomeranging back to Compass after three years away to launch its own brick-and-mortar office in Laguna Beach. Continue reading

$60M non-waterfront Palm Beach estate one of the priciest ever sold

The mansion on Banyan Road was gut-renovated by homeowner and interior designer Victoria Hagan before being sold off-market to an unknown buyer. Continue reading

Florida is king for short-term rental investors: Study

Enviable weather, ocean views and a lengthy list of landmark tourist destinations have made Florida a treasure chest for short-term rental investors. A Clever Real Estate market analysis published on Tuesday revealed strong property values, robust popu… Continue reading