Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR settles buyer lawsuits for $52.25 million The National Association of Realtors® (NAR) is settling buyer lawsuits for $52.25 million, opting into a copycat lawsuit in Illinois with what is being described as…
New York Luxury firm Douglas Elliman has reached a settlement to resolve remaining homebuyer claims in a buyer copycat case known as Tuccori, according to a court document filed April 9. The settlement, filed in the U.S. District Court for the Southern District of Florida, allows Douglas Elliman to resolve residential homebuyer claims that were…
Purlin®, an AI platform powering enterprise real estate operations, and Final Offer™, a consumer-facing offer negotiation marketplace, have announced a merger to create the first end-to-end AI operating system for residential real estate, mortgage, title and escrow. The combined entity serves more than 35,000 real estate professionals, 15 million consumers, and leading brokerages including Douglas…
Douglas Elliman released its financial results for the third quarter Tuesday morning, reporting 5% year-over-year revenue growth for the first nine months of the year, to $787.6 million. “While others in the industry are pursuing consolidation and platform integration, we remain committed to deepening our leadership in the luxury segment—a category that is synonymous with…
Above, Steven Cohen The Corcoran Group has announced that Steven Cohen and his team are rejoining the firm after five years at Douglas Elliman. The news was announced by Pamela Liebman, Corcoran’s president and CEO. Cohen and his team will be affiliated with Corcoran’s East Side office. With more than $2.45 billion in career sales,…