In response to an Inman article Tuesday questioning the National Association of Realtors’ response to discriminatory practices, NAR CEO Bob Goldberg defended the trade group’s track record. Continue reading
By backing its membership and ignoring bad actors, the National Association of Realtors has set itself up for government oversight and intervention, writes Revaluate co-founder Chris Drayer. Continue reading
In new court filings in the Moehrl case, lawyers singled out hundreds of phone calls — far more than previously reported — in which agents steered business away from discount brokerage REX. Continue reading
To keep the American experiment vital and vibrant, we need buy-in from folks who are getting overlooked in the current market. Broker owner Troy Palmquist offers insight into ways to make the dream more attainable. Continue reading
The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case. Continue reading
Black homebuyers are are more likely to be denied a mortgage due to low appraisals while appraisers seemed to value homes higher if the applicant matched the neighborhood’s racial makeup, Illinois Realtors study finds. Continue reading
Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading
The New York Department of State has launched 132 investigations into housing bias, which include allegations from Newsday’s “Long Island Divided” report. Continue reading
One agent told the discount brokerage: “I won’t bother to show [the listing]. Who’s your local agent though because I’ll make sure to tell people not to work with them.” Continue reading
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