Consumer Financial Protection Bureau faces new threat
"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.
Final judgment puts a bow on NAR commissions deal
"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.
Milestones: Startup offers Buyer Listing Service to MLSs
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.
Agents find something to cheer about: Stable commissions
"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.
California’s home insurance crisis is just beginning
"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.
Easing rents could mean fewer buyers this spring
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.
8 of the best houses for sale for around £500,000
A refurbished apartment on the top floor of a duration structure with significant views throughout Tenby’s North Coastline. It has actually two recently fitted restrooms and comes with accessibility to a public garden with a course and a terrace leading straight to the beach. 2 beds, 2 bathrooms, open-plan kitchen/living location, balcony, off-road parking. This...
California agents scramble to help clients affected by LA wildfires
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.
DOJ files amended complaint against RealPage
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.
How the country’s largest MLS is pitching its value
To comply with the NAR settlement, the organizations can no longer include offers of compensation on their platforms — a change that has made MLSs "somewhat" or "much" less valuable, according to 55% of real estate professionals in an October survey from WAV Group.
Housing optimism up ‘substantially’ compared to a year ago
Consumer sentiment has continued to trend upward, reaching 73.1 in December — "substantially above year-ago levels," said Mark Palim, Fannie Mae SVP and chief economist.
Quotable moments from a year of notable change
Instead, United, which operates on a flat fee model, offers other benefits — such as health care and financial planning — which Duffy believes are more valuable to agents and their primary business of selling real estate, not being a recruiter.