Property Invests
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.
Editor's note: From regional and statewide players to locals focused on a single market, multiple listings services and Realtor associations are the backbone of residential real estate.
"Our data continues to show stability in commission rates, underscoring the critical role agents play in navigating buyers and sellers through today's dynamic market," said Real President Sharran Srivatsaa.
"I think the important thing to remember about insurance is it is a financial risk-transfer mechanism — it doesn't actually reduce risk," Lindsay Brugger, vice president of resilience for the Urban Land Institute, told Real Estate News.
December was the 17th consecutive month of year-over-year rent declines for 0-2 bedroom properties in the 50 largest metro areas, according to Realtor.com's latest rental market report.
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In a message to the agent community this week, the agency said price gouging during a state of emergency is a criminal offense and carries penalties including fines of up to $10,000 and/or imprisonment for up to one year.
How the scope has changed: In addition to RealPage, defendants now include six major rental investment or management companies — Greystar, LivCor, Camden, Cushman, Willow Bridge and Cortland — which operate more than 1.3 million units in 43 states and the District of Columbia, according to a news release from the DOJ.