Above, Steve Mapes Bright MLS has announced that Steve Mapes has joined the company as Executive Vice President of Growth & Strategy, a new leadership role focused on expanding Bright’s market presence and accelerating the company’s long-term growth strategy. Mapes joins Bright from First MLS (FMLS), according to a release, where he served as Chief…
Up and down, up and down. Like a yo-yo dieter’s weight, consumer confidence in the U.S. seems to maintain a consistent pattern. It rose in June when tensions in the Middle East seemed to abate, following a dip in May, likely due to the war with Iran heating up. A ceasefire this past April had…
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U.S. District Judge Stephen R. Bough has appointed two “special masters”—third parties granted significant authority over witnesses, evidence and testimony—to audit JND Legal Administration’s billing in the Burnett and Gibson commission lawsuits against the National Association of Realtors® (NAR), capping months of scrutiny over the settlement administrator’s finances. The July 27 order names Chris T.…
Lone Wolf Technologies has announced the release of the next phase of its AI roadmap for BrokerMetrics®, the company’s brokerage analytics and market intelligence platform that aims to help brokers recruit and retain agents. Named ‘Talent,’ the first release is part of a broader roadmap and introduces “Aspen,” Lone Wolf’s AI teammate, which will be…
A judge dismissed a class-action lawsuit against Zillow and a real estate brokerage, saying that lawyers representing homebuyers who used Zillow’s mortgage services or were referred to agents through the portal’s lead-selling service did not meet the legal standard to move forward. Plaintiffs had alleged that Zillow’s practices were deceptive, violating RESPA, racketeering and consumer…
Above, from left, Creig Northrop, Eric Elfman, Kymber Lovett-Menkiti, Chip Murphy and Emmett Laffey While most believe the real estate agent exodus is ultimately a good thing for the industry, what does it mean for brokers when it comes to recruiting and retention strategies? In an upcoming session at RISMedia’s CEO & Leadership Exchange, being…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Federal lawmakers investigate MRED-Compass partnership A federal congressional committee sent letters to Compass CEO Robert Reffkin and MRED CEO Rebecca Jensen in relation to their partnership, scrutinizing the relationship between the nation’s largest…
In today’s frazzled residential real estate market, with mortgage rates stubbornly high and inventory issues in many parts of the land dovetailing high prices for homebuyers, it is always nice to see some data favorable to buyers. Namely—builders have overestimated the demand for their finished houses and are slashing prices in many cities, according to…
With inventory remaining tight and many homeowners reluctant to give up their low mortgage rates, finding new listings isn’t as simple as it once was. This ongoing “lock-in effect” has left many real estate agents competing for a smaller pool of active listings. For continuous business growth, it pays to pair MLS access with other…
The battle over private listings is playing out nearly everywhere—from statehouses and courthouses to brokerage offices and Wall Street boardrooms. As opponents and supporters of the practice make their cases, the debate looks vastly different depending on the venue. But one tool that is nearly always effective is data. And as the practice draws more…
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