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Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity

USA Real Estate News-RISMedia - 4 hours 47 min ago

Plaintiffs in Batton, the largest commission-focused case filed by homebuyers, are seeking to delay approval of settlements that brokerages agreed to in cases filed by homesellers, according to a court filing today, claiming at least two companies are attempting to squeeze in immunity from buyer claims at the last minute. With the final approval hearing…

The post Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity appeared first on RISMedia.

‘Godspeed’: Enforcement of NAR settlement changes shifts to MLSs

USA Real Estate News-Inman - 8 hours 41 min ago
At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules.

Showcase your team’s success: Enter the Inman Innovator Awards

USA Real Estate News-Inman - 8 hours 41 min ago
Join us in celebrating real estate's best and brightest innovators at Inman Connect Las Vegas, July 31 to Aug. 1. Submit your nomination now for the 2024 Inman Innovator Awards.

How to ignore the legal drama and focus on the opportunity

USA Real Estate News-Inman - 9 hours 41 min ago
While you need to be aware of the changes going on in the industry, CEO Verl Workman writes, you also need to make sure to keep your focus on what you can control.

What if NAR went away? Examining the catastrophic potential

USA Real Estate News-Inman - 9 hours 41 min ago
Although it may seem righteous to dismantle the institution that NAR has built, brokerage founder Sean Frank writes, the collapse of NAR would equate to the collapse of the modern real estate market as we know it.

January cyberattack a $37M weight on loanDepot Q1 2024 results

USA Real Estate News-Inman - Tue, 2024-05-07 16:53
In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss.

Redfin rides momentum to Q1 revenue bump, beats expectations

USA Real Estate News-Inman - Tue, 2024-05-07 15:45
Seattle-based Redfin's revenue increased 5 percent year over year to $225.5 million — beating revenue projections of $218.1 million. Still, the company is struggling to control its net losses, which grew nearly 10 percent from 2023.

Never Count Real Estate Agents Out

USA Real Estate News-RISMedia - Tue, 2024-05-07 15:10

In the wake of recent headlines surrounding the National Association of REALTORS®’ lawsuit settlement and the Department of Justice’s renewed interest in investigating commission practices, skepticism regarding the value of real estate professionals has surfaced across the nation. Yet, amidst the noise, it would be foolish to overlook the enduring significance of the role you…

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Better settles with former exec who filed whistleblower suit

USA Real Estate News-Inman - Tue, 2024-05-07 15:09
Former operations head Sarah Pierce, who had accused Better CEO Vishal Garg of providing misleading information to investors in leadup to SPAC, faced $2.76 million judgment in countersuit.

Fannie Mae Shows Consumer Sentiment Plateauing

USA Real Estate News-RISMedia - Tue, 2024-05-07 14:57

The latest monthly update to the Fannie Mae Home Purchase Sentiment Index (HSPI)–for April 2024–shows the index at 71.9 percentage points (representative of how many consumers think now is a good time to buy). The rating is unchanged from March 2024 and 5.1 points higher from April 2023.  In a release, Fannie Mae described these…

The post Fannie Mae Shows Consumer Sentiment Plateauing appeared first on RISMedia.

Leading Laguna Beach team returns to Compass from Coldwell

USA Real Estate News-Inman - Tue, 2024-05-07 14:55
The Marcus Skenderian Real Estate Group is boomeranging back to Compass after three years away to launch its own brick-and-mortar office in Laguna Beach.

ERA Real Estate Launches New Coaching Program

USA Real Estate News-RISMedia - Tue, 2024-05-07 14:52

ERA® Real Estate has announced the launch of its ERA Coaching Program. The program, designed for all ERA-affiliated agents regardless of experience level, is offered at no cost to participants.  The ERA Coaching Program will gather agents in their brokerage’s office to attend the program via watch parties. The program consists of seven, two-hour live,…

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