Forget mega-teams. Half of all teams have 6 or fewer members
RealScout, T3 Sixty and Tom Ferry released an inaugural Teams Report on Monday, diving into challenges and opportunities as teams navigate sweeping economic and procedural changes
by Marian McPherson Oct 7
Minnesota latest to sue MV Realty over 'immoral and illegal' contracts
Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling 'contracts with oppressive terms'
by Jim Dalrymple II Oct 4
Court doc accuses Josh Team of taking 'kickbacks' — he calls it 'false story'
A company called Aika says it paid $10M in kickbacks to Team while he was still at Keller Williams. But Team contends the story is part of Aika's effort to get out of paying its bills
by Jim Dalrymple II Oct 2
Synergy One acquiring national lender Mann Mortgage
Kalispell, Montana-based Mann Mortgage, which operated branches in states throughout the West and Southeast, had previously tangled with regulators in Idaho and Washington
by Matt Carter Oct 1
NAR Chief Legal Officer Katie Johnson is 'stepping down'
After a decade leading the trade group's legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving
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