Property Invests
Speaking to a panel of Ninth Circuit judges in Honolulu on Feb. 13, DOJ attorney Alice Wang argued in favor of vacating a 2023 jury decision involving Zillow, the defendant in the case, and the low-fee brokerage Real Estate Exchange (REX).
Kelman said at the time that the program will ultimately strengthen the company's sales force, providing a competitive advantage when the market improves, but he also apologized to shareholders for failing to make a profit last year.
Scott Turner, the newly installed secretary of Housing and Urban Development, released a message on social media welcoming Elon Musk's task force and saying that $260 million in savings had already been identified.
Chris Nichols, a regional VP of franchise sales at Better Homes and Gardens Real Estate for the past 10 years, has been promoted to senior vice president of the division, the company announced this week.
The attorneys argued that eXp had plenty of cash on hand to cover the additional damages they were seeking, and noted that Weichert had offered the Gibson plaintiffs $13 million a few weeks before settling in Hooper.
Craig Cooper, chief operating officer at epIMS, said: “The worry is that forcing a mandatory EPC C rating on the nation’s landlords could cause more to exit the sector, exacerbating the current rental crisis in the process.”
Having access to a broader pool of listings has become increasingly valuable in an era of remote work, "helping agents and brokers serve clients looking to move to further away areas," CRMLS said in a news release.
Following the August rule changes, commissions for both buyer and seller agents fell, but they have since rebounded, according to an AccountTECH study that analyzed more than 224,000 transactions from 1,290 real estate offices.
With the installation of U.S. Department of Treasury Secretary Scott Bessent as acting director at the Consumer Financial Protection Bureau, it appears that activity at the agency is coming to a halt for now.
The proposed 25% tariffs were scheduled to go into effect on Tuesday, Feb. 4, but were paused after the leaders of Canada and Mexico made deals with President Trump, agreeing to send thousands of troops to U.S. borders in an effort to curb drug smuggling and illegal immigration.
"Enacting this legislation would save American taxpayers billions of dollars, and I call on the Senate to expeditiously take it up and pass it," Cruz said when introducing the bill.
"For the avoidance of doubt, this injunction extends to claims arising from or relating to transactions where Settlement Class Members either sold or purchased a home on any multiple listing service nationwide, regardless of affiliation or association with NAR or not, and thus includes, e.g., NWMLS, WPMLS, and REBNY/RLS," the filing states.