Armstrong and Greg Schwartz, both former Zillow executives, launched the mortgage startup — which recently expanded into the home search portal space — with the goal of automating and streamlining the lending process for consumers.
According to the defendants, the only allegation connecting their claims to Illinois is a general nationwide conspiracy to fix real estate commission prices, something that was rejected by Judge Andrea Wood when dismissing HomeServices.
The summer months are typically a prime season for home sales, but as prices continue to reach record highs and mortgage rates seem stuck near the 7% mark, buyer and seller activity has been low to average, agents in a recent Bright MLS survey reported.
"Coupled with the response of the REcolorado board of directors over the past several days we have reached this decision which we believe is in the best interests of our collective membership, our long-term ownership and operational goals," DMAR and SMDRA said Friday.
told Real Estate News that it stands by its forms and believes that the recent criticism from the Consumer Federation of America was "misguided" for multiple reasons.
"Realtors should work with consumers to ensure they fully understand the options available to them while continuing to seek fair compensation for their services," Sears said, sharing tips for crafting clear, transparent buyer agreements.
"We are thrilled to further expand our footprint throughout British Columbia with the debut of our newest office location in White Rock," said Mauricio Umansky, CEO and Founder of The Agency, who called the region a "favored destination among discerning buyers in search of a serene coastal lifestyle."
The overall takeaway, T3 Sixty said, was that survey results "indicate a clear need for NAR to improve its communication and support efforts, address leadership and organizational issues and provide comprehensive training and resources."
Impact: Plaintiffs in the commissions lawsuits have generally argued against waiting until the NAR settlement hearing in November, calling it an unnecessary delay.
On this week's episode of Real Estate Insiders Unfiltered, Kyle Scheele — an author, public speaker and creative thinker — encourages everyone to "chase their own crazy ideas," while sharing some of his own.
Court documents describe Carter as a non-managerial employee and not an independent contractor during the time the alleged harassment took place, from Dec. 2021 to June 2022.
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.
