CoStar acquires popular UK real estate portal
The acquisition of OnTheMarket, a major portal in the UK, comes as CoStar continues to push further and further into the residential space
by Jim Dalrymple II Dec 14
Texas homesellers file new commission suit as cases pile up
The new suit is the second in Texas since the Sitzer | Burnett verdict, and is one of a growing number of antitrust cases challenging the way agents get paid
by Jim Dalrymple II Dec 14
Merger of Lower and Thrive would give Veritex 12.5% ownership stake
The parent company of Veritex Community Bank, which paid $54.9M to acquire a 49% interest in Thrive Mortgage in 2021, expects $25M to $30M loss if planned merger deal closes next year
by Matt Carter Dec 14
Compass COO Greg Hart to leave company at year end
Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer
by Jim Dalrymple II Dec 12
KW begins notifying former agents of profit-sharing cuts
Former Keller Williams personnel have received letters noting that some individuals' profit share earnings could be reduced from 100% to 5%
by Jim Dalrymple II Dec 7
FNF still mum on whether it was target of ransomware attack
CEO Mike Nolan says FNF has resumed normal operations, and that customer disruption from the cybersecurity incident was 'relatively brief' and included the Thanksgiving holiday weekend
by Matt Carter Dec 6
Fathom out to raise more than $7M by hiking agent fees, selling shares
The agent fee increases the flat-fee brokerage previously implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13% from a year ago, to 11,333
by Matt Carter Dec 5
NAR hires new marketing and comms chief amid tumultuous year
Suzanne Bouhia will shape NAR's communication strategy as the organization deals with lawsuits, scandal and a harrowing year in real estate
by Jim Dalrymple II Dec 5
Seattle-based Coldwell Banker franchise ditches NAR
The company is the latest of several to step away from the National Association of Realtors, which has suffered both a scandal and legal defeats in recent months
by Jim Dalrymple II Dec 1
'Blueprint' of Berkshire Hathaway, Charlie Munger, dies at 99
The company's longtime vice chairman died Tuesday. He was credited with building Berkshire Hathaway into a behemoth with an expansive portfolio of real estate and insurance companies
by Marian McPherson Nov 29
Georgia homesellers file yet another antitrust commission suit
The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It's also the latest in a string of new cases following the Sitzer | Burnett verdict
by Jim Dalrymple II Nov 28
Keller Williams and Gary Keller face new allegations in lawsuit
An amended complaint from former Keller Williams CEO John Davis now accuses the company and its co-founder of embezzlement
by Jim Dalrymple II Nov 27
Mr. Cooper faces slew of class action lawsuits after cyberattack
The servicer is facing 5 separate federal lawsuits over an Oct. 31 cyberattack that knocked out services for days and prevented borrowers from accessing their accounts or paying home loans
by Jim Dalrymple II Nov 22
EXp scoops up 60-agent RE/MAX team in Canada
Justin Havre and his 60-agent team in Calgary are the latest big names to move brokerages as big-name firms compete for top talent
by Jim Dalrymple II Nov 20
Anywhere, RE/MAX commission lawsuit settlements move forward
A judge has granted preliminary approval of the franchisers' multimillion dollar settlements in Sitzer | Burnett, Moehrl and Nosalek. Final approval may happen next year
by Jim Dalrymple II Nov 20
Real estate CEOs: Big impact from commission suits 'improbable'
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions
by Jim Dalrymple II Nov 17