Category: News Brief

Pasadena ADU program offers second shot at affordable housing

To qualify, applicants must have owned and occupied the main property for at least five years, maintain a credit score above 650 and have a debt-to-income ratio below 40 percent.

Climate change reshapes real estate, putting $1.5T in value at risk

Climate change has shaken up the U.S. real estate market, with buyers no longer simply seeking better quality of life or affordable housing — but also considering climate risks before purchases.

Concierge Auctions, Luxury Presence form strategic initiative

The deal will provide Concierge Auctions members access to, among other products, Luxury Presence’s advanced website design, hosting, and SEO services. Luxury Presence customers will have the opportunity to promote sales in an auction environment.

Tongo adds tax management partner april

Financial benefits platform Tongo has added a partner in april, which provides a tax management solution for real estate agents.

New commission suit against Side, others filed — and all but settled

Side and other brokerages, along with a pair of MLSs, will collectively pay $10,570,000 to settle the new antitrust case if proposed terms — offered on the same day as the suit was filed — are greenlit.

$1.1B Living Realty affiliates with Keller Williams in Toronto, Canada

With 550 agents and 35 staff members expected to transition to Keller Williams in March, the partnership will clinch Living Realty as KW’s largest market center in Canada by agent count.

KW sues InsideRE for trademark infringement over BoldTrail

InsideRE’s use of the word “bold” and the color purple in a rebrand of the product formerly known as kvCORE make its branding “confusingly similar” to KW’s BOLD product, the company claimed.

Trump’s AG pick promises to pursue antitrust enforcement

Bondi affirmed that the enforcement of antitrust laws would be a “priority” for her as Attorney General, which suggests that the real estate industry should be prepared for investigations into its practices to continue in full force.

Alexander brothers denied bond in federal sex-trafficking case

Despite offering exorbitant bail packages, the brothers failed to sway prosecutors that they should be granted bond. They will be detained until their trial.