On Monday, May 3, 2024, Redfin became the 10th brokerage to reach a settlement, filing a Form 8-K report with the U.S. Securities and Exchange Commission (SEC) agreeing to pay $9.25 million to settle commission lawsuits.
At the Berkshire Hathaway annual shareholder meeting, Warren Buffett and his successor Greg Abel affirmed the value of real estate agents. This comes despite the recent $250 million settlement for HomeServices of America.
On Friday, May 3, 2024, the National Association of Realtors (NAR) released information about upcoming changes to its practices regarding the MLS, based on nine requirements stipulated in the proposed settlement agreement.
At the FOMC press conference on May 1, 2024, Jerome Powell announced the Fed would hold rates steady, citing stubborn inflation leading to a wait-and-see approach. This BAM article breaks down all of Powell’s remarks on housing inflation and market rents.
Zillow announced a new non-exclusive touring agreement that is valid for seven days. The agreement comes in response to the proposed NAR settlement requiring written agreements before property tours.
In a recent interview with NAR President Kevin Sears, BAM gets real estate agents talking—but it’s not the typical commentary you might expect. This interview is a must-watch for all industry professionals, regardless of their NAR stance.
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In an unfiltered interview with BAM co-founder Byron Lazine, NAR President Kevin Sears discussed hot-button topics including NAR’s budget, the recent settlement, and the future of the association.
In an order released on Tuesday, April 23, Judge Stephen R. Bough granted preliminary approval of the NAR settlement, describing the sweeping changes in the agreement as “fair, reasonable, and adequate.” A final approval hearing is set for November.
During BAMfest, Jared James dropped an objection handling script that made watching stop and take notes.
This week, Realtor.com® launched a campaign aimed at enlightening consumers about the essential roles played by buyer’s agents during real estate transactions. So far, consumer reactions have been…mixed.
The National Association of Realtors® previously published a monthly report on membership counts, with historic reports going back to the 1970s. Now, all of those reports are missing from the site.
