NAR opts to keep Clear Cooperation but adds a new option
After months of debate, NAR announced Tuesday it will keep its policy requiring properties to be listed on an MLS within 1 day of marketing while adding new 'delayed marketing exempt listings'
by Taylor Anderson Mar 25
Rocket: Redfin acquisition will cut consumer transaction costs by half
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
by Matt Carter Mar 11
Krishna, Kelman dish on the future of 'the Rocket-Redfin experience’
Rocket CEO Varun Krishna and Redfin CEO Glenn Kelman share why they've agreed to merge as part of a $1.75B acquisition. AI, data and a complete consumer experience were at the center
by Taylor Anderson Mar 11
Rocket Companies to purchase Redfin in $1.75B all-stock deal
This acquisition will integrate Redfin's home search platform, which features over 1M listings and a network of 2,200 agents, with Rocket Companies' mortgage origination and servicing
by Richelle Hammiel Mar 10
Redfin on the upswing after Zillow deal despite widening Q4 losses
Redfin posted double-digit revenue growth in Q4 earnings Thursday. The company's $100M Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said
by Marian McPherson Feb 27
Rentals, tech and efficiency drive real estate’s Q4 earnings
Companies doubling down on rentals, AI and streamlined operations pulled ahead, while others struggled with agent attrition and slowing sales
by Jessi Healey Feb 27
Umansky, Dwiggins clash in heated debate over Clear Cooperation
While onstage at Inman Connect New York, Mauricio Umansky argued that Clear Cooperation stifles competition. Meanwhile, James Dwiggins said the rule puts the customer first
by Jim Dalrymple II Jan 23
Luxury Presence debuts Brokerage Listing Networks amid CCP debate
Los Angeles-based Luxury Presence, which launched as a website developer for luxury brands before evolving into a wide-ranging software provider, will unveil the solution at ICNY on Tuesday
by Craig C. Rowe Jan 17
Redfin lays off 46 employees at Seattle HQ
Redfin laid off 46 headquarters, programs and field operations staff on Thursday. This is the 2nd round of layoffs in the past 6 months, with the previous round impacting 85 Redfin Concierge staff
by Marian McPherson Jan 10
Robert Reffkin predicts the end of Clear Cooperation in 2025
The Compass CEO, long a critic of the polarizing NAR rule, believes that the real estate industry as a whole will finally come around to his view in the near future
by Jim Dalrymple II Jan 6
Brad Inman: The real estate industry is 'awash in change'
Founder Brad Inman looks back at the scandals and struggles of 2024 and ahead to greater transparency and accountability in 2025
by Brad Inman Dec 24
Stay tuned: The tumult of 2024 leaves real estate on a cliffhanger
What will happen with the commission litigation? Which companies may merge? How will consumers behave? The only thing that's certain is that real estate's next episode will be big
by Jim Dalrymple II Dec 23
Impact of NAR's commission rule change illuminated in Q3 earnings
In the wake of the National Association of Realtors' 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows
by Jim Dalrymple II Nov 12
Revenue grows and losses widen for Redfin in Q3
Seattle-based brokerage and portal Redfin's Q3 revenue grew 3% year over year to $278M. However, the company's net losses ballooned 77.8%, according to Thursday's earnings
by Marian McPherson Nov 7
Zillow CEO: It's 'obvious' private listing networks harm consumers
In his first appearance on Mike DelPrete's podcast, Zillow CEO Jeremy Wacksman defended Clear Cooperation and its role in protecting consumer choice and upholding agent value
by Marian McPherson Oct 17