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10,000 REALTORS® Set to “Bring on Business” at NAR NXT in Boston Next Week
REALTORS® and real estate industry professionals from across the nation and around the world will gather in Boston, Massachusetts, Nov. 8–10 for NAR NXT, The REALTOR® Experience—the National Association of REALTORS®’ annual conference and expo. With the theme “Bring on Business,” the event will offer expert speakers, educational sessions and networking opportunities for real estate…
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Compass Sees MLS’s Stop Enforcement of Clear Cooperation as Reffkin Continues to Speak Out
Compass Founder and CEO Robert Reffkin continues to hold his stance against NAR’s Clear Cooperation policy, and reported that the company has seen no “meaningful change” in business since NAR’s practice changes went into place. In the company’s recent earnings call for Q3 2024, Reffkin stated that the company had trained over 90% of its…
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Historic Schoolhouse Sets the Gold Standard in Park City, Utah
Property Highlights: Location: Park City, Utah Listing Price: $31,000,000 Features: 10,000 square feet with 12 bedrooms and 16 bathrooms. Added Appeal: Rooftop pool, outdoor spa, private penthouse, 150-step ski access, antique French details, grand family room with opera house mirror and mountain views. School’s in session at The Washington School House Hotel, where lessons in…
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Inflation cooled in September, nearing the Fed’s 2% target
Mortgage rates inch up as an expected decline in key inflation gauge does little to change expectations for rate cuts among investors who fund most home loans.
Buyer Representation: What’s Changed, and What Hasn’t
Recent changes that went into effect following the National Association of REALTORS®’ (NAR) proposed settlement* have impacted how agents work with buyers. While some things have changed, many core principles of buyer representation haven’t. What’s changed: Mandatory written buyer agreements. One of the most significant changes is the requirement for written buyer agreements to be…
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Judge grants final approval to 9 commission lawsuit settlements
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation.
Key Inflation Rate Hits 2.1% in September, Closing in on Fed Target
Inflation rose slightly in September, according to a U.S. Bureau of Economic Analysis report released October 31. The Personal Consumption Expenditures (PCE) price index increased 0.2%. Excluding food and energy, the PCE price index increased 0.3%. Real DPI increased 0.1% in September and real PCE increased 0.4%; goods increased 0.7% and services increased 0.2%. Personal…
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DOJ Misses NAR Settlement Objection Deadline as Other Parties Weigh In
This week—specifically this past Tuesday—was the deadline for anyone to enter a formal objection to the National Association of REALTORS®’ (NAR) settlement agreement, struck with class-action seller plaintiffs back in March. While about half a dozen parties came forward, including plaintiffs behind other commission-focused lawsuits and a law professor who has written critical analyses of…
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‘Haunted’ Homes a Target for Lowball Offers, WIth Sellers Unlikely to Disclose
Is a real estate negotiation on a haunted home doomed from the start? Not necessarily, but concessions may be part of the process, according to Clever-affiliated researcher Real Estate Witch. In the never-ending quest for a smart buy, 54% of Americans claim they would dare to buy a haunted house. That number ballooned to 72%…
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Judge rules in favor of Serhant over KW Black Label in recruitment suit
Pennsylvania judge Paula Patrick ruled against Keller Williams BlackLabel and in favor of Serhant, whose eponymously named brokerage expanded into Philadelphia's luxury market in 2023.
BREAKING: Judge Approves Copycat Settlements for Nine Brokerages
A federal judge today gave a final stamp of approval to settlement agreements struck by nine large brokerages, confirming immunity from seller-filed commission lawsuits despite objections from some other plaintiffs. Judge Stephen R. Bough of the Western District of Missouri oversaw a final “fairness hearing” for the agreements struck by Compass, The Real Brokerage, Realty…
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Judge Dismisses Two Claims Against CoStar in Realtor.com ‘Data-Theft’ Case
In a court ruling October 28, California District Judge George H. Wu partially granted CoStar Group’s motion to dismiss claims in the lawsuit filed by Move, Inc., the parent company of rival Realtor.com®, throwing out (at least for now) two accusations related to computer crimes. Wu granted Move “leave to amend,” setting a deadline of…
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Thoughts on Leadership: Lessons From the Dinosaurs
As a lifelong fan of dinosaurs, especially the mighty T-Rex, I thought it would be fun to share some fascinating facts about these incredible creatures. What’s more, there’s a surprising number of lessons we, as modern humans—and leaders—can take from these ancient rulers of the Earth. The era of dinosaurs: 165 million years of dominance…
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KW relaunches BOLD coaching program amid changing times
Onward BOLD gives Keller Williams agents access to lead generation resources, among many other things. The program is relaunching amid a period of upheaval for the real estate industry.
