Illinois homebuyers file new class-action commission suit
The suit names Equity Realtors, HomeSmart International and Fathom Realty as defendants. It also describes NAR as a co-conspirator, but doesn't name the organization as a defendant
by Jim Dalrymple II Oct 1
Rupert Murdoch's REA Group calls it quits on Rightmove acquisition
News Corp.-subsidiary REA Group announced on Monday it had given up on its quest to purchase Rightmove after its fourth offer of $8.3B was rejected by the UK portal's board of directors
by Marian McPherson Sep 30
Fathom Realty borrows $5M to accelerate growth plans
CEO Marco Fregenal says fresh capital in the form of convertible notes will help brokerage fast-track planned agent and transaction growth, with a focus on targeted walkovers and acquisitions
by Matt Carter Sep 27
MV Realty loses Colorado license in latest setback over contracts
The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as 'predatory'
by Jim Dalrymple II Sep 25
Newrez parent company Rithm raising up to $391M in offering
Proceeds from sale of up to 34.5M shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment
by Matt Carter Sep 25
Side debuts profit-sharing program, lays off staff members
PartnerUp Revenue Share will give agents a cut of Side's profit if they refer and mentor other agents. The program was one of several announcements the company made Monday
by Jim Dalrymple II Sep 23
MV Realty barred from enforcing 40-year contract in California
A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year 'homeowner benefit agreements'
by Jim Dalrymple II Sep 20
Compass nabs high-profile NYC agent from Official
Jared Schwadron operates in New York City, the Hamptons and Miami and is the latest get for Compass as it competes to build a roster of top agents in lean times
by Jim Dalrymple II Sep 19
Era Ventures launches record-breaking $88M real estate fund
Clelia Warburg Peters, Era Ventures' founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation
by Lillian Dickerson Sep 18
Umansky threatens to sue NAR as pocket listing pressure mounts
The Agency CEO and founder said he plans to revive a lawsuit against NAR over a pocket listing network. The threat came days after NAR officials convened to reevaluate Clear Cooperation
by Jim Dalrymple II Sep 17
Oregon real estate brokerages merge under RE/MAX banner
Announced Friday, the merger will unite RE/MAX Key Properties and West + Main Homes Oregon. The new company will tout the RE/MAX name and resume operations with nearly 90 agents
by Jim Dalrymple II Sep 17
Trump allies formulating plans to privatize Fannie and Freddie
A new 'Wall Street Journal' report reveals that talks about privatization have been taking place since the spring and have included Trump confidants Larry Kudlow and John McEntee
by Jim Dalrymple II Sep 13
Dwiggins-led franchisor NextHome settles commission suits
NextHome has more than 600 offices across the US but is perhaps best-known for CEO James Dwiggins, who has been a prominent commentator on antitrust litigation
by Jim Dalrymple II Sep 11
Polly hiring after landing $25M in new equity funding led by 8VC
New funding will allow Polly's product and engineering teams to double down on new product innovation, including a new AI platform that was recently in closed beta testing
by Matt Carter Sep 10
Clear Cooperation takes center stage, faces pressure to change
Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry's most polarizing rules
by Jim Dalrymple II Sep 10
Fathom shares bounce back on prospects for agent growth
Since hitting a June 21 low of $1.33, shares in the flat-fee real estate brokerage are up 125% as the company continues to add agents and pursue plans to expand operations to all 50 states
by Matt Carter Sep 9