The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions.
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Is NAR really ready to rethink its legal strategy? The Download
As the trade group’s chief legal officer exits, the National Association of Realtors prepares to evaluate its legal exposure and develop a litigation strategy. Is it too little too late?
Homebuilding industry relieved as dockworkers’ strike ends Friday
International Longshoremen’s Association’s strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales.
Top Agent Network amends suit to focus on NAR as ‘real wrongdoer’
TAN CEO: “NAR is the architect and promoter of the disastrous Clear Cooperation Policy and is the only party with the power to rescind it”
DropOffer updates help buyers go it alone
DropOffer deploys an artificial intelligence component to support the buyer in their pursuit of the right home, a feature that provides deep market and property analysis for the user to support their outreach and potential offer.
Opendoor nabs execs from Google, LegalZoom for leadership team
The company has hired Selim Freiha to serve as its chief financial officer and Shrisha Radhakrishna to serve as its chief technology and product officer.
Law professor creates contract with buyer interests in mind
University of Buffalo contracts law professor Tanya Monestier’s sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal.
Rupert Murdoch’s REA Group calls it quits on Rightmove acquisition
News Corp.-subsidiary REA Group announced on Monday it had given up on its quest to purchase Rightmove after its fourth offer of $8.3 billion was rejected by the UK portal’s board of directors.
All eyes are focused on Clear Cooperation: The Download
It seems everyone’s talking about Clear Cooperation these days. Is the policy a power grab from NAR and the MLSs or a sincere effort to level the playing field for buyers?
REcolorado sold to private buyer, cutting ties with Realtor orgs
Joseph Burks bought the nation’s 16th-largest MLS on Friday, buying shares from Denver Metro Association of Realtors and South Metro Denver Realtors Association.