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Real Estate News

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Real Estate News

Final Approval Granted for Keller Williams, Anywhere, and RE/MAX Settlements

Judge Stephen R Bough granted final approval for settlements in commission lawsuits for Keller Williams, Anywhere and RE/MAX on May 9, 2024.

May 9, 2024

Real Estate News

Motion Denied: Plaintiffs Seek to Block Final Settlement Approval for Anywhere, RE/MAX, Keller Williams

The homebuyer plaintiffs in the Batton 1 lawsuit have filed for a temporary injunction to prevent the final approval of the Keller Williams, Anywhere, and RE/MAX settlements.

May 8, 2024

Real Estate News

Redfin Becomes 10th Organization to Settle Commission Lawsuits with a $9.25M Agreement

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.

May 6, 2024

Real Estate News

Warren Buffett Backs Real Estate Agents—Despite $250 Million Settlement

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.

May 6, 2024

NAR Practice Changes Set to Go Into Effect August 17, 2024

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.

May 3, 2024

Real Estate News

Latter & Blum CEO on NAR, Leadership, and the Future of Real Estate

In this week’s BAM interview, Byron Lazine spoke with Latter & Blum CEO Lacey Conway on some big questions circulating among real estate professionals—including those on the NAR settlement. And the conversation gave us plenty to think about.

May 3, 2024

Wait-and-See: Powell on Rate Cuts, Housing Inflation and Market Rents

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.

May 2, 2024

Real Estate News

Zillow Introduces Non-Exclusive Touring Agreement in Response to NAR Settlement

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.

April 30, 2024

Real Estate News

Agents React: BAM Interview with NAR President

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.

April 30, 2024

Top 10 Metros with the Biggest Profit Margins for Home Sellers

A new ATTOM report shows a quarterly and annual drop in profit margins from home sales in 89 (or 66%) of the 134 U.S. metros analyzed. Sixty-three of those metros reported annual increases in seller profit margins.

April 30, 2024

Real Estate News

Douglas Elliman Agrees to Settle Lawsuits for up to $17.75 Million

New York-based Douglas Elliman is the latest real estate firm to settle, agreeing to pay $7.75 million within 30 days of the proposed settlement’s preliminary approval, followed by two additional payments of $5 million each over the next three years.

April 29, 2024

Former House-Flipping HGTV Star Sentenced for Real Estate Fraud

Charles “Todd” Hill, former star of HGTV show Flip It to Win It, has been sentenced to four years in jail for real estate fraud and ordered to pay restitution amounting to nearly $10 million to his victims.

April 27, 2024