Inman named iBuyer its ‘Person of the Year’

Inman named iBuyer its ‘Person of the Year’

Inman’s Person of the Year isn’t human at all, but it does represent a phenomenon that sparked the most revolutionary change in the homeselling process since the advent of the MLS. The label “iBuyer” refers to a group of institutional..read m...
By Dani Vanderboegh | Thursday, December 28, 2017
Better Homes and Gardens Real Estate named Rich DeNicola COO

Better Homes and Gardens Real Estate named Rich DeNicola COO

Rich DeNicola became the new COO of Better Homes and Gardens Real Estate. The senior VP of franchise sales at BHGRE since 2013 holds an MBA and officially entered the industry 14 years ago when he joined Realogy, BHGRE’s parent company...read more...
By Dani Vanderboegh | Thursday, December 28, 2017
CFPB director Richard Cordray resigned

CFPB director Richard Cordray resigned

Richard Cordray, the first director of the Consumer Financial Protection Bureau (CFPB), resigned. The Obama-era appointee, who drew ire from real estate industry leaders after the federal agency fined two brokerages and two mortgage lenders for what ...
By Dani Vanderboegh | Thursday, December 28, 2017
Court sided with Trump’s pick, Mick Mulvaney, in CFPB power struggle

Court sided with Trump’s pick, Mick Mulvaney, in CFPB power struggle

A federal judge denied a request by the Consumer Financial Protection Bureau’s second-in-command Leandra English to block White House budget chief Mick Mulvaney from taking over as the legal interim head of the watchdog agency. In his resignation l...
By Caroline Feeney | Thursday, December 28, 2017
‘Million Dollar Listing Los Angeles’ casts Tracy Tutor Maltas

‘Million Dollar Listing Los Angeles’ casts Tracy Tutor Maltas

Season 10 of Million Dollar Listing LA aired on Nov. 2 with a new cast member: Tracy Tutor Maltas. As there’s only been one other female real estate agent on a Million Dollar Listing franchise, Samantha DeBianchi who starred in..read more......
By Dani Vanderboegh | Thursday, December 28, 2017
Julie Leonhardt LaTorre named new COO of Sotheby’s International Realty

Julie Leonhardt LaTorre named new COO of Sotheby’s International Realty

With 15 years of industry experience under Julie Leonhardt LaTorre’s belt, she is the new COO of Sotheby’s International Realty (SIR). LaTorre has worked closely with auction houses and luxury brands and will lead SIR’s global servicing and ope...
By Dani Vanderboegh | Thursday, December 28, 2017
Elizabeth Mendenhall becomes 2018 president of NAR

Elizabeth Mendenhall becomes 2018 president of NAR

Sixth-generation Columbia, Missouri-based Realtor, Elizabeth Mendenhall was named president of the largest Realtor trade organization during the NAR conference and expo in Chicago. Mendenhall has 20 years of Realtor experience. She’s currently the ...
By Dani Vanderboegh | Thursday, December 28, 2017
Southern California Wildfires Forces Thousands to Evacuate Wildfires struck SoCal by surprise

Wildfires struck SoCal by surprise

As Christmas neared, the biggest of the handful of wildfires plaguing Southern California in December, the Thomas fire, was close to becoming California’s largest wildfire on record but was no longer endangering homes or towns, according to the lat...
By Gill South | Tuesday, December 26, 2017
Colorado MLSs sign binding merger deal under pressure to move fast

Colorado MLSs sign binding merger deal under pressure to move fast

Following a non-binding agreement signed in September, the Denver area’s REcolorado and Northern Colorado’s Information and Real Estate Services (IRES) signed a binding merger agreement with approval from REcolorado’s board of directors and IRE...
By Andrea V. Brambila | Tuesday, December 26, 2017
Paul Ryan at U.S. Capitol Tax reform bill passed

Tax reform bill passed

On Dec. 13 Republican leaders in the Senate and House of Representatives reached an agreement on a unified tax reform bill after months of back-and-forth and revisions. On Dec. 20 both houses of Congress successfully passed the GOP-led tax reform pa...
By Dani Vanderboegh | Tuesday, December 26, 2017
Ex-Bamboo Realty agents sued for $140k in commissions

Ex-Bamboo Realty agents sued for $140k in commissions

At least 12 former Bamboo Realty real estate agents in Colorado and Texas filed a lawsuit against the now-shuttered millennial-focused brokerage, alleging that its free-spending owners withheld $140,000 in commissions. In the Nov. 17 lawsuit in Denve...
By Dani Vanderboegh | Tuesday, December 26, 2017
Power struggle at Consumer Financial Protection Bureau drew concern from mortgage industry

Power struggle at Consumer Financial Protection Bureau drew concern from mortgage industry

Can a castle have two rulers? Probably not, and neither can the CFPB. After Richard Cordray’s mid-November resignation, the real estate industry watched with fascination as White House budget chief Mick Mulvaney sought to wrest power from the agenc...
By Dani Vanderboegh | Tuesday, December 26, 2017
Think tank called for MLSs to be investigated for antitrust

Think tank called for MLSs to be investigated for antitrust

The nonprofit, nonpartisan think tank, Information Technology & Innovation Foundation (ITIF), called for federal regulators to investigate multiple listing services that restrict data from listing websites for possible antitrust violations. The W...
By Dani Vanderboegh | Tuesday, December 26, 2017
Las Vegas Realtors decided to cut off listing feed to realtor.com

Las Vegas Realtors decided to cut off listing feed to realtor.com

The Greater Las Vegas Association of Realtors announced it would shut off a listing feed to realtor.com on Dec. 18 after negotiations between the trade group and realtor.com operator Move Inc. fell apart, according to a notice sent out to..read more....
By Dani Vanderboegh | Tuesday, December 26, 2017
House passed revised version of National Flood Insurance Program

House passed revised version of National Flood Insurance Program

With a three-month extension of the National Flood Insurance Program set to expire within the month, the real estate industry cheered the passage of new House legislation that would reauthorize and reform the ailing 49-year-old insurance plan ......
By Dani Vanderboegh | Tuesday, December 26, 2017
NAR board did away with forced MLS membership rule

NAR board did away with forced MLS membership rule

After much debate in the days leading up to the bi-annual meeting of the National Association of Realtors board of directors, the board passed four multiple listing service policy changes with little fuss, including a broker-backed policy known as ...
By Dani Vanderboegh | Tuesday, December 26, 2017
NAR announced new lobbying proposal that could raise Realtor dues

NAR announced new lobbying proposal that could raise Realtor dues

“The Future of the Realtor Party” presidential advisory group (PAG) is recommending spending an additional $25 per member each year on political campaigns, bringing Realtor Party spending to $65 per year. Realtors were given six months to...
By Dani Vanderboegh | Tuesday, December 26, 2017
Paul Manafort’s real estate agent was subpoenaed to testify

Paul Manafort’s real estate agent was subpoenaed to testify

Days before Paul Manafort was arrested on a host of charges related to special counselor Robert Mueller’s federal investigation into the Trump campaign’s ties with Russia, an Alexandria, Virginia-based Realtor, Wayne Holland, who worked with the ...
By Dani Vanderboegh | Tuesday, December 26, 2017