Another broker lawsuit targeting MLS access rules and the National Association of Realtors®’ (NAR) “three-way agreement” was dismissed by an appellate court on Sept. 9, as challenges to these long-standing policies and structures have so far failed to advance in courthouses across the country. Lou Eytalis, a Texas broker who decried membership feeds and restrictions…
What gets people to move? That is a question every real estate professional can answer to some degree. The big picture usually includes the five Ds (divorce, death, diapers, diamonds and diplomas), which are life circumstances that (often) necessitate a home sale and/or purchase—what economists have called non-discretionary moves. But as affordability and mortgage lock-ins…
John Millen Vice President of Agent Growth and Development Lamacchia Realty Waltham, Massachusetts https://www.lamacchiarealty.com/leadership/john-millen Regions served: Massachusetts, Connecticut, New Hampshire, Maine, Rhode Island and Florida Years in real estate: 10 Number of offices: 28 Number of agents: 800-plus Work philosophy that you live by: Get up and work…no excuses! You hit the ground running as…
Editor’s note: In this two-part series, we examine the importance of comprehensive insurance policies for homeowners across the board, and the conversations real estate professionals should be having with clients. Stay tuned for part 2, where we’ll be focusing on flood insurance specifically. It wasn’t so very long ago when acquiring insurance was nothing more…
Renting is typically the stepping stone to homebuying, but the latest data on housing affordability shows that homeownership may continue to be out of reach for many. As such, property owners can expect to see rentals remain in demand, but may have to adjust their policies to incentivize renters. One policy that can make or…
A few weeks ago, an agent on a popular social media platform asked for advice. They had reached a level of production qualifying for a higher split, they said, but a team leader claimed the new split wouldn’t go into effect until the following year. What is the industry standard, the agent asked? A cascade…
Real estate agents and brokers are using AI every day, freeing up their time to focus on building relationships and getting more face time with clients. But popping their favorite chatbot’s extension onto their browser or letting it download MLS data has a major downside: It’s putting your client’s data at major risk. If that…
Surveys identifying the most trusted professionals have long ranked nurses, doctors and the military at the top while real estate professionals tend to be ranked lower. But with media coverage (stemming from lawsuits and policy changes) and a historically tough housing market, many industry leaders have worried that real estate professionals might take another hit…
Around 16 months after it was filed, Compass announced today that it has reached an agreement to resolve its antitrust lawsuit against Washington-based Northwest Multiple Listing Service (NWMLS), ending what had been a high-stakes and sharply contested dispute that cut to the heart of the larger private listing debate. In a statement, Compass CEO Robert…
In a real estate industry being reshaped by consolidation, franchise expansion, technology investment and changing capital models, brokerage owners are being forced to make big decisions about the future of their companies. The pressure is real. Margins are tighter. Agents expect more. Consumers are more informed and more demanding. Technology is changing how firms compete,…
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