Words like “turmoil” and “uncertainty” rarely describe an environment where people are eager to buy and sell real estate. Unfortunately, right now it is hard to find any analyst, economist or commentator on either side of the political spectrum that isn’t using these words—or some variation, as tariffs have roiled financial markets and consumer confidence…
In the wake of the National Association of REALTORS®’ (NAR) recent decision to stand by the Clear Cooperation Policy, which also added an (ostensibly) new avenue to protect the privacy of listings, brokers are reporting that for the most part, they don’t see a significant need for more “flexibility” in their markets. Respondents to RISMedia’s…
Yesterday, President Donald Trump announced sweeping global tariffs on imports from dozens of countries and territories around the world, ranging from 10% to 50%. With the stated aim of bringing production back to the United States and balancing alleged “unfair” trade balances, most predict that the new tax will trigger significant disruption to the global…
A judge has denied an attempt by one set of plaintiff lawyers to intervene in a separate commission class-action case where eXp and Weichert had struck settlement deals, as a bitter fight between two separate sets of class-action attorneys over millions in settlement dollars drags on. Judge Mark Cohen of the Northern District of Georgia…
Today, the National Association of REALTORS® (NAR) announced it is eliminating a total of 61 positions as CEO Nykia Wright—who has held the role on a permanent basis for just over six months—continues her transformation of the organization in the wake of multiple turbulent years. “The industry is changing, and it is our responsibility to…
After essentially putting off a decision on the Clear Cooperation Policy for several months despite significant pressure, the National Association of REALTORS® (NAR) yesterday offered what appeared to be its final decision, toeing a narrow line by affirming the controversial MLS rule while creating a new category to allow “flexibility” for keeping listings off consumer-facing…
The National Association of REALTORS® (NAR) today officially announced what appears to be its final decision related to the controversial Clear Cooperation Policy, preserving the rule without change while introducing a new listing category, which NAR claims “will exist in conjunction with CCP and other MLS policies to provide sellers and their agents more options…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. “Mediation” talks begin in eXp sexual assault case In a high-stakes lawsuit involving allegations of drugging, sexual assaults and coverups at mega-brokerage eXp, parties are sparring over the scheduling of a trial while also revealing…
Judge Wendy Beetlestone of the Eastern District of Pennsylvania has become the second federal judge to affirm the legal foundation of buyer-filed commission lawsuits, as she earlier this week rejected Howard Hanna’s request to throw out a lawsuit against the company on technical grounds. While noting that she had yet to consider arguments regarding whether…
Back in November, as a judge considered final approval of the National Association of REALTORS®’ (NAR) landmark settlement agreement, NAR attorney Ethan Glass warned of the possibility that REALTORS® could be put in a position where complying with the terms of that deal could conflict with other laws. That has proved prescient, as earlier this…
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