Washington’s law restricting private home listings took effect June 11—and both sides of the state’s high-profile fight over listing policy have very different takes on the new rules. Senate Bill 6091, signed in March, requires that any residential property publicly marketed in Washington be concurrently marketed to the general public and all real estate brokers. …
For Danny Hernandez, real estate has never been only about closing deals—it’s about the families on the other side of them. Over 36 years in the industry, he has helped thousands of them reach the closing table, an experience that now informs how he leads Realty ONE Group’s expansion beyond U.S. borders. As Vice President,…
A transaction starts with a seller, and ends with a buyer. Everything in between is theoretically flexible—though for many years, not much has changed, as sellers have relied on agents to list properties directly on local MLSs, which subsequently syndicate properties to consumer portals that have the most reach with buyers. Today, the industry faces…
The real estate industry is consolidating around national MLS platforms like MRED and Realtracs. On the surface, it’s a straightforward story; bigger platforms offer better technology, lower costs and easier operations for brokers who work across multiple states. But when you talk to the brokers actually managing this transition, a different picture emerges. The shift…
The June 8 deadline for Zillow to fall in line with Realtracs’s updated listing rules came and went on Monday, with no immediate disruption or impact on listings. Rather than suspend Zillow’s access to its MLS data feed as it had threatened, Realtracs said negotiations with the portal remain active and will continue beyond the…
The labor market remains in good standing, beating out economist expectations for another month in May as the rest of the economy continues to waiver under the pressure of geopolitical uncertainty. The latest Employment Situation Summary from the Bureau of Labor Statistics saw the U.S. add 172,000 jobs in May, “well above forecasts ranging from…
Late last year, Bright MLS General Counsel Brian Schneider was doing what millions of people do every day—asking AI large language models (LLMs) like ChatGPT, Claude and Google Gemini for information on real estate listings. But Schneider’s motives were very different from the average consumer. As part of a regular review process, Schneider was checking…
Antitrust has been a loaded topic in real estate since at least the commission lawsuits of the 2020s that alleged many foundational rules and practices in real estate violated antitrust laws, and the Department of Justice (DOJ) launching its own parallel inquiry. Now, federal agencies are looking to review and revise existing antitrust guidelines, the…
Above, Brian Donnellan, left, and Brian Schneider In an op-ed published earlier this month, Brian Donnellan, CEO of Bright MLS, referred to much of the recent industry upheaval as “noise.” Partnerships, consolidations, new entrants—all things that “sidestep” issues that directly affect real estate professionals, he argued. Also in that op-ed, Donnellan revealed that Bright was…
Housing starts softened in April after March’s sharp increase, though year-over-year comparisons remain slightly positive as the housing market navigates shifting seasonal patterns. In the New Residential Construction report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new housing starts were down 2.8% from March to a seasonally adjusted…
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