Edina Realty settles for $3.5M over ‘secret’ home warranty payments

The deal will refund buyers and sellers after the brokerage allegedly failed to disclose to its clients that it had received payments from Home Security of America to advertise HSA’s home warranties. Continue reading

A fixture of Texas Realtor groups narrows in on ethics in real estate

Broker Romeo Manzanilla spoke to Inman ahead of his appearance at Connect Austin on Oct. 9 about raising professionalism in the real estate industry in the wake of NAR settlement changes. Continue reading

Brokerages and non-Realtor MLSs settle antitrust suits for $30M

Fifteen MLSs and 13 brokerages that chose to opt-in to NAR’s commission settlement will cough up an additional $30,587,754 in compensation to sellers, raising the settlement fund to nearly $450 million. Continue reading

NAR Chief Legal Officer Katie Johnson is ‘stepping down’

After a decade leading the trade group’s legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving. Continue reading

Invitation Homes to pay $48M to settle tenant ‘junk fee’ claims

The FTC alleges the company advertised monthly rental rates that did not include mandatory “hidden” fees that could add up to more than $1,700 per year. Continue reading

Just letting off steam? Agents lash out at NAR in post-deadline survey

In the wake of the Aug. 17 deadline, a rising share of agents told the Inman Intel Index that they were frustrated with industry trade groups and have considered leaving the industry. But will this all blow over? Continue reading

Michael Ketchmark: Every move you make, we’ll be watching you

In a phone interview, lead plaintiffs’ counsel Michael Ketchmark weighed in on the consequences of violating the NAR settlement, Zillow’s business model, and the “monster case” that remains. Continue reading

CRMLS warns of ‘serious fines’ as it rolls out commission changes early

The nation’s largest MLS removed compensation fields from its platforms on Aug. 13, after offering detailed guidance to agents on the terms of NAR’s proposed settlement. Continue reading

NAR settlement still an enigma for some ahead of big Aug. 17 deadline

Last week, the brightest minds in real estate converged at Inman Connect to set agents, brokers and MLS members straight on the finer points of the new rules taking effect in less than two weeks. Continue reading