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Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories of the week, according to Inman readers.
And don’t miss The Download, our weekly column that breaks down one of the top stories of the week and equips you with what you’ll need to meet next Monday head-on.
1. Volunteer leaders, Parcell included, focus of leaked 2022 NAR memo
Coupled with findings of an internal investigation made public this month, the memo addressed to Donna Gland reveals NAR was aware of a “hostile, toxic work environment” as early as March 2022.
2. Embattled MV Realty files for bankruptcy amid flood of lawsuits
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The company is currently facing lawsuits from more than a half-dozen states over its allegedly deceptive business practices.
3. The best advice most real estate agents don’t want to hear
Knowing and acting on what you need to hear, Jimmy Burgess writes, instead of what you want to hear, is key to growing and optimizing your professional performance.
4. RE/MAX settles bombshell commission lawsuits for $55M
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The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including “no longer forcing homesellers to pay buyer’s agents.”
5. Surprisingly strong jobs report sends interest rates soaring
Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow.