NAR may rescind ‘no-commingling’ rule this week amid DOJ scrutiny

The trade organization’s MLS committee on Tuesday approved the elimination of the controversial policy at a meeting closed to the media. Its Executive Committee will take a final vote Wednesday. Continue reading

Treasury finalizes new rules for luxury cash sales reporting

Treasury Secretary Janet Yellen said the new reporting rules will “close critical loopholes in the U.S. financial system” that had allowed criminals to launder money through all-cash residential real estate transactions. Continue reading