First-time homebuyers may not be who you expect, NAR says
Don't forget to study: NAR advises first-timers to seek out the help of a real estate professional (naturally), but reminds consumers to do their homework before deciding on an agent.
Judge approves brokerage settlements totaling $110 million
The company issued a statement after the settlement hearing, saying, "As the only U.S. brokerage that has saved consumers more than $1.6 billion in fees, Redfin never belonged in this case, and we're glad to resolve it and move forward."
A disappointing September pushes home sales to 14-year low
Total existing home sales hit a 14-year slump, falling 1% in September compared to August and declining 3.5% year-over-year, according to the latest data from the National Association of Realtors.
NAR offers new advice for sellers on agent compensation
The National Association of Realtors is growing its series of post-settlement guides for consumers, with the most recent addition aimed at helping sellers understand their options for choosing — or not — to make an offer of compensation.
NAR to consumers: Agents must put client interests first
In its latest guide, NAR doesn't address the new rules directly but explains what it means for agents to act in the best interest of buyers and sellers.
NAR to appeal DOJ case to the Supreme Court
The latest move: In a joint status report filed August 29 in U.S. District Court in the District of Columbia, NAR noted that it will file a writ of certiorari — the formal process to request a review of a lower court's decision — by October 10.
Real estate pros deeply dissatisfied with NAR
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."