The Lubbock Association of Realtors® (LAR) has announced a partnership with Gitcha to integrate The Buyer Listing Service® platform into LAR’s Multiple Listing Service agent experience. The Buyer Listing Service® (BLS) is a workflow integration for the MLS for a new standardized protocol for buyer representation, agent cooperation and market transparency. It aims to enable…
The rate lock-in effect has been a concern on the minds of many in real estate over recent years as mortgage rates have mostly stayed in the 6%-7% range. Homeowners with rates in the 2%-3% range, while they could potentially afford the price of a new home in selling their current one, have reportedly felt…
The post The Upsizing Question: How Does Rate Lock Impact Move-Up Transactions? appeared first on RISMedia.
“Premarket listings.” It’s the new industry catchphrase, thankfully replacing “commission lawsuits,” but, alas, it comes with its own controversy. The practice of promoting a property to potential buyers and agents before being listed on the Multiple Listing Service (MLS) has also made its way into the courtroom, most prominently via a tussle between Compass and…
In the Gibson v. NAR commission lawsuit (the largest and first Burnett copycat) before Judge Stephen R. Bough in the Western District of Missouri, Berkshire Hathaway Energy Company (BHE)—parent company of HomeServices of America (HSA)—just had the court deny their request for summary judgment. BHE first filed a motion for summary judgment on March 4,…
A federal judge ruled yesterday that eXp must face accusations of fraud related to its actions in the wake of sexual assault allegations against top recruiters, writing that plaintiffs provided significant evidence that the brokerage lied about conducting an investigation into two men accused of drugging and assaulting women at company events. “Plaintiffs allege, in…
For the past nine years in a row, the lament among residential real estate brokers was unanimous: There’s not enough inventory. Now, the larger problem is that many cannot afford the inventory. While concerns over housing affordability are on the rise, brokers are also seeing a return to a more balanced market, according to the…
The legal battle between Northwest MLS (NWMLS) and Compass escalated this past week as NWMLS filed counterclaims in federal court, accusing the nation’s largest residential brokerage of violating Washington’s Consumer Protection Act, fraudulent misrepresentation and tortious interference—charges Compass swiftly dismissed as retaliation by a “monopolist” protecting its own turf. The counterclaims, filed April 2 in…
There is a lot of noise in the real estate industry right now. Clear Cooperation. Private listings. Lawsuits. And now a growing push toward exclusive “Coming Soon” and preview platforms. Let me be clear about where HomeSmart stands. Until shown otherwise, we believe listings should be broadly accessible, not restricted to any one platform or…
Real estate people love to extol the limitless potential of a career in the business. Michele Harrington’s story makes the hype a reality. While Harrington’s path from U.S. Marine to CEO of Southern California’s iconic FirstTeam Real Estate was anything but predictable, there was one constant that fueled her momentum every step of the way:…
A federal judge in the Northern District of Georgia has granted final approval to a series of commission-related antitrust settlements involving several real estate brokerages, bringing an end to the cases after a prolonged fight between two groups of plaintiffs and accusations that the companies negotiated “sweetheart” deals. The dispute stems from a broader clash…
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