Redfin Resigns NAR Board Seat; Will Require Employees to Cut Ties as Well
In a surprise message to employees today, Glenn Kelman, founder of portal giant Redfin, announced that his company is seeking to “end our support of the National Association of REALTORS® (NAR),” citing both recent sexual harassment scandals and the “all-or-nothing choice” of practicing real estate under the 1.56-million member real estate trade organization’s rules. According…
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Real Estate Standards Organization to Anchor Industry Forum in Paris
The International MLS Forum: Global Real Estate Standards will host real estate leaders from more than 32 countries at Pullman Montparnasse in Paris, France, December 1–2, 2023, the organization has announced. Event partners include CEPI, the European Association of Real Estate Professions; local and national real estate associations from across Europe; the Canadian Real Estate…
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Jury Rules for Zillow in REX Case That Alleged Conspiracy, False Advertising
With a verdict that may or may not prove a bellwether for future (and current) lawsuits targeting the industry, a jury last Friday found in favor of Zillow in a high-profile case that was related, but not identical, to class action suits focused on agent commission structure and policy. REX, an upstart discount commission online…
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RISMedia Brings Its Premier Content Service to HAR
RISMedia is excited to announce a new partnership with the Houston Association of REALTORS® (HAR), a multiple listing service serving more than 48,000 members in the Greater Houston area, to bring its best-in-class articles and need-to-know info to HAR’s members via RISMedia Premier News service. The Houston Association of REALTORS® will give complimentary access to…
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4 Ways To Shift Your Real Estate Marketing in Autumn
October has rolled in, but 2023 isn’t over yet. That said, if you’re looking for a business pivot, a new season is as good a time as any. Autumn is the season of change and renewal, after all. Here are some ways you can get your business into the Fall spirit, and even win you…
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Housing Affordability Worsens in Q3 2023
Housing affordability worsened in Q3 2023 due to rising mortgage rates—which have now surpassed 7%—and high home prices, along with other economic challenges. ATTOM’s Home Affordability Report for Q3 2023 found that median-priced single-family homes and condos are less affordable in the third quarter of 2023 compared to historical averages in 99 percent of counties…
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The October Issue of Real Estate Magazine Is Now Live
The October issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at the five regional winners for RISMedia’s Real Estate Rookie of the Year and how they are surviving and thriving through current market challenges. In addition, we feature looks at United…
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Family-Owned Long Island Brokerage Joins Century 21
Century 21 Real Estate LLC. continues its expansion in New York state; Anchor Real Estate of Long Island, Inc. has affiliated with the brand and will now do business as CENTURY 21 Anchor Real Estate, the company has announced. The firm was founded in 2017 by the mother-daughter duo of Gina and Cristina Ferraro, Anchor…
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Florida Firm Joins RE/MAX
Florida firm Foxfire Realty, operated by Gene Boone and his grandson Own, has affiliated with the RE/MAX Brand; it is now operating as RE/MAX Foxfire, the company has announced. “We were completely blown away by the tools and technology and the culture of RE/MAX,” says Owen Boone, RE/MAX Foxfire vice president and director of operations.…
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Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case
-With a potential government shutdown looming this weekend, mortgage lenders are preparing for potential disruptions, mostly affecting transactions that require federal flood insurance—though the potential fallout is still unclear. –Mortgage rates reached a two-decade high this week, with the 30-year fixed climbing to an average of 7.31%, according to Freddie Mac. This comes despite a…
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