In addition to its brevity and legibility, Brobeck said eXp's buyer agreement more clearly aligns with the spirit of the NAR settlement and the goal of establishing a higher level of professionalism in the real estate industry.
Freddie Mac expects rates to continue to fall during the summer months, which could bring additional buyers into the market, said Sam Khater, the organization's chief economist.
The move, confirmed Monday by an REcolorado exec in response to swirling rumors, comes "as the industry continues to advocate decoupling from the Realtor associations that have long owned the MLS," the statement said.
A nearly 35-year veteran of the industry, Phillips took on the top role at RRAR in 2021, but his association leadership experience dates back to 1990, when he began his real estate career as a conference director at Virginia Realtors.
What's happening: In a joint statement filed June 21 in a Massachusetts U.S. District Court, it was clear that the settling parties and the DOJ don't yet see eye-to-eye on the MLS PIN settlement reached last year or agree on how long the process should take.
