Buyer-broker agreement may limit how brokers compete, DOJ warns
Ahead of a final Nov. 26 approval hearing on NAR's proposed class-action settlement, DOJ lawyers narrowed in on a provision requiring written agreements between buyers and agents before tours
by Taylor Anderson Nov 25
Matterport posts $38.4M loss in Q3 as it spends for scale
During the first 9 months of the year, Matterport pulled in a total of $125.8M in revenue. Most of that is from recurring services and subscriptions
by Taylor Anderson Nov 13
First-time homebuyers fell further behind this year, NAR says
The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report
by Taylor Anderson Nov 4
EXp Realty updates agent revenue share model amid recruitment bid
Starting Nov. 1, eXp agents will have access to new revenue streams, especially those who reach the virtual brokerage's ICON status, eXp World Holdings CEO Glenn Sanford said at eXpcon Miami
by Taylor Anderson Oct 30
EXp Realty's $34M settlement is a 'sweetheart deal': Gibson plaintiffs
Lawyers filed motions Tuesday arguing eXp’s decision to come to a settlement in the commission lawsuit through a 'reverse auction' should compel the brokerage to return to the bargaining table
by Taylor Anderson Oct 24
Real estate is still processing Aug. 17 and Clear Cooperation
At Inman Connect Austin on Wednesday, Rachel Hocevar of Compass and Romeo Manzanilla of @properties Christie's International Real Estate discussed the implications of industry shakeups
EXp agrees to pay $34M to settle antitrust commission lawsuits
The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions
by Taylor Anderson Oct 7
Commission chaos headed for Canada as watchdog probes rules
The inquiry is reminiscent of investigations and lawsuits that have engulfed the industry’s biggest players in the US in recent years
by Taylor Anderson Oct 4
EasyKnock scores a legal win in dispute with Texas clients
The case was one of a handful of legal challenges in multiple states faced by the sale-leaseback platform that was founded in 2016
by Taylor Anderson Oct 2
baby boomer couple
54% of boomers who own their homes said they planned to live in them until they die, according to a new survey by Clever Real Estate
by Taylor Anderson Sep 11
Rupert Murdoch's REA Group eyes UK's biggest real estate portal
Murdoch's Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK's largest real estate portal
by Taylor Anderson Sep 3
NAR settlement rules: Live updates as the real estate changes roll out
New rules stemming from the National Association of Realtors' landmark commission settlement went into effect Saturday. Inman is tracking the impacts of those rules in real time
The market is harder for millennials than it was for boomers: Report
A new report in 'The Wall Street Journal' found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today.
by Taylor Anderson Aug 12
Matterport trimmed losses in the months before CoStar purchase
The company's net loss was 36% less than in 2023, according to Matterport's earnings from the quarter. Revenue rose 5% for the quarter
by Taylor Anderson May 6
Distress in office sector climbs to 12-year high, new report says
$38B in office buildings show signs of distress in downtowns across the nation as the sector continues to struggle through the high rate environment
by Taylor Anderson Apr 30