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Real Estate News

Home » Real Estate News
Real Estate News

What Does the FTC’s Ban on Non-Competes Mean for the Real Estate Industry?

On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 for a nationwide ban on non-compete agreements—set to go into effect 120 days after its official publication in the Federal Register. Business groups are expected to challenge the rule.

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April 26, 2024
HomeServices-of-America-Agrees-to-Settlement_BAM-featured-image
Real Estate News

HomeServices of America Agrees to Settlement for $250 Million

On Friday, April 26, 2024, HomeServices of America agreed to a settlement in Sitzer/Burnett, et al, for $250 million.

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April 26, 2024
NAR President Kevin Sears Takes on Unfiltered BAM Interview
Real Estate News

NAR President Kevin Sears Takes on Unfiltered BAM Interview

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.

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April 24, 2024
Real Estate News

NAR Settlement Gains Preliminary Approval

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.

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April 23, 2024
Real Estate News

CoStar to Acquire Matterport

On Monday, April 22, CoStar Group, Inc., announced it has acquired all outstanding shares of Matterport with a cash and stock transaction valued at $5.50 per share—adding up to an estimated $1.6 billion of enterprise value.

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April 22, 2024
Real Estate News

Is NAR Hiding Membership Data?

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.

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April 18, 2024
Real Estate News

Fannie Mae and Freddie Mac Clarify: Agent Commissions Are Not Counted Toward IPC Limits

On April 15, 2024, Fannie Mae and Freddie Mac issued notices stating that buyer agent commissions will not be included in the cap on interested party contributions (IPCs), per current policies.

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April 17, 2024
Agent Marketing

Don’t Miss Out: BAMfest is (almost) here!

We’re one week away from the next BAM virtual event—BAMfest—on Wednesday, April 17, 2024 from 12:00 to 3:00 pm ET. Check out the latest updates and sign up so you don’t miss it.

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April 16, 2024
Real Estate News

HomeServices of America Petition Denied by the Supreme Court

The U.S. Supreme Court ruled has rejected the plea by HomeServices of America to overturn the Sitzer/Burnett verdict, leaving HSofA as the only defendant that hasn’t reached a settlement with the plaintiffs.

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April 15, 2024
Judges Rule Against Consolidating Copycat Lawsuits
Real Estate News

Judges Rule Against Consolidating Copycat Lawsuits

On Friday, April 12, 2024, the U.S. Judicial Panel on Multidistrict Litigation decided against consolidating copycat commission lawsuits into one large case—at least for the time being.

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April 12, 2024
Real Estate News

CFA Report Argues Decoupled Commissions Lead to Better Service at Lower Cost

A new report from the Consumer Federation of America (CFA) highlights the benefits of recent changes in real estate agent compensation resulting from the uncoupling of real estate agent commissions.

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April 11, 2024
Real-settlement-BAM-featured-image
Real Estate News

Real Brokerage Announces Settlement Agreement for Umpa vs NAR

The Real Brokerage announced today (April 8, 2024) it has agreed to a settlement to resolve the pending class action litigation, Umpa vs. NAR on a nationwide basis.

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April 8, 2024
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