Michelle Ressler, former CFO of the Real Brokerage, who sued the company in June for alleged pregnancy discrimination and retaliation, is entering into mediation with her former employer, according to a court filing today. A joint letter signed by one of Real’s lawyers asked a federal judge to pause the case as “the parties have…
Above: NAR General Counsel Jon Waclawski (left) and NAR President Kevin Sears (right) take the stage at the midyear Legislative Meetings in June. What is in a name? For the National Association of Realtors® (NAR), the ubiquitous term for members—coined almost 110 years ago—means a lot. And it should mean a lot for Realtors® themselves,…
Bill Emerson, president of Rocket Companies who served as the mortgage giant’s CEO for 16 years, is retiring, according to a regulatory filing yesterday. Emerson will officially step away at the end of this year, as Rocket continues an M&A spree led by CEO Varun Krishna, who took the reins from Emerson in 2023. A…
In a hearing on Friday, Aug. 15 in the high-stakes Zillow-Compass lawsuit, Judge Jeannette Vargas of the Southern District of New York denied Zillow’s request for an additional witness, while also delaying any potential deposition of Zillow Co-Founder Lloyd Frink, despite claims he has a “unique perspective” on the issues. As the two parties spar…
One of the law firms behind the original commission lawsuits has just announced an “investigation” into “recently uncovered practices” in the real estate industry that allegedly began in 2021—suggesting the possibility of more large-scale legal action against the industry, though so far details remain scarce. However no further details have been released yet, including if…
With a high-stakes trial scheduled for next year, eXp is now also facing two more lawsuits by women who are claiming the company retaliated against them for reporting drug use, sexual assault and other misconduct at company events, offering further details of what previous accusers have described as a culture of abuse, sexual harassment and…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Broker lawsuit rulings ripple through courts The National Association of Realtors® (NAR) won a pair of major rulings in the ongoing saga of brokers suing over Realtor® membership requirements and MLS access. After…
Bloomberg News, citing unnamed sources, reported Thursday that current Federal Reserve Governor Chris Waller is now the favorite to replace current Fed chair Jerome Powell, with President Donald Trump possibly making an announcement on his choice by the end of the summer. Powell, who has been subjected to withering personal attacks by Trump and other…
Among the many forward-looking real estate indicators that have flashed warning signs (or at least wobbled) in recent months, deals falling through might be one of the most alarming. As sales remain depressed and buyer interest flags, reports of delistings or terminations offer an even stronger indicator of market instability amid tariff pressures and job-market…
A federal judge is allowing a class-action lawsuit against mortgage mega-servicer Mr. Cooper—currently in the process of being acquired by Rocket—to move forward in part, ruling that the company must face claims of breach of contract and negligence from customers over a 2023 cyber attack that leaked millions of people’s private data to hackers, but…
Photos are the most natural and upfront way to reel in interest—listing descriptions suggest features of a home, while photos show those features. Read more.
