HomeServices dropped from long-running buyer commission lawsuit
The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices
by Andrea V. Brambila Feb 21
Nevada homeseller files yet another commission lawsuit
Angela Boykin is suing over a home sale from 2022. Her case is the 2nd such recent lawsuit out of Nevada and adds to the growing number of cases that have followed the Sitzer | Burnett verdict
by Jim Dalrymple II Feb 20
NAR hits back following 'external commentary' critical of the group
NAR Interim CEO Nykia Wright sent a letter on Friday following a critical article in the Wall Street Journal, and in the wake of news the US Department of Justice wants big changes in real estate
by Jim Dalrymple II Feb 16
DOJ to Nosalek judge: Broker commissions should be decoupled
The Department of Justice said a proposed settlement in the major antitrust lawsuit might itself violate federal law and said buyers should negotiate their broker's commission directly
NAR halts 'presidential initiatives' for next 2 years amid turmoil
The trade group will not take on pet projects for the duration of NAR President Kevin Sears' tenure, which is slated to last until November 2025, he told NAR's Board of Directors Wednesday morning
by Andrea V. Brambila Feb 15
Utah homeseller files commission lawsuit against NAR, 13 others
The complaint — one of nearly two dozen targeting real estate's commission-sharing structure — alleges 'most' buyer agents will steer clients away from listings that offer lower commission
by Taylor Anderson Feb 12
Falling rates helped drive home price growth in Q4, NAR says
US home prices shot up in 86% of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5% in the fourth quarter, according to data released Thursday by NAR
by Taylor Anderson Feb 8
NAR president: The DOJ is a 'bigger problem' than $1.8B Sitzer verdict
In remarks made in Boston that were later posted online, new NAR President Kevin Sears declared business will change for Realtors — whether they embrace it or have it 'forced down our throats'
NAR signals more declines to come after 3rd-straight membership dip
NAR Chief Economist Lawrence Yun warned of 'further declines in membership over the next 24 months' said after NAR posted a 2.1% annual membership decline last month
by Taylor Anderson Feb 6
HomeServices wants US Supreme Court to weigh Sitzer | Burnett case
The franchisor filed a petition to the Supreme Court requesting the review of an earlier appeals court ruling barring it from enforcing arbitration agreements signed by seller clients
Keller Williams settled. What does NAR do now? The Download
In the wake of the $70M settlement by Keller Williams, NAR and HomeServices of America appear to be the ones left holding the bag. What happens next?
by Christy Murdock Feb 3
Keller Williams settles Sitzer, Moehrl commission suits for $70M
Under the proposed deal, Keller Williams must inform franchisees that offers of compensation are not required. It also agreed to revise training materials and end rules requiring agents to join NAR
NAR CEO Nykia Wright appears — and disappears — in 'odd' new video
In a video that abruptly vanished from NAR's website Wednesday before resurfacing, Wright said the group does not set commissions — a practice it isn't currently being accused of — and welcomed competition from AREA
Long-serving HAR CEO Bob Hale announces his retirement
Hale has been with HAR since the 1970s, racking up a long list of accomplishments and awards along the way. René Galvan will succeed him as president and CEO
by Jim Dalrymple II Jan 31
Pocket listing suit against NAR 'paused' for settlement talks
NAR was dismissed without paying any money or making any rule changes, but The PLS says it can reopen the case if they don't come to a deal
by Andrea V. Brambila Jan 30
Attorney lays out how real estate can survive the commission suits
At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements
by Andrea V. Brambila Jan 26
Mega MLSs, but not NAR, settle pocket listing suit
CRMLS, Bright MLS and MRED told the US District Court of the Central District of California's Western Division they had reached a deal 'in principle' with ThePLS.com
by Andrea V. Brambila Jan 25
Tracking the housing recovery? These 12 dates offer crucial clues
Intel is highlighting the most important data releases and events slated for each month of 2024 in an effort to help industry observers follow the arc of residential real estate's rebound this year
by Chris LeBarton Jan 24
Ready to share your wisdom with the industry? The Triple-I survey is open
The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today
by Chris LeBarton Jan 22
Judge quashes REX retrial request in long-simmering feud with Zillow
Federal Judge Thomas S. Zilly declined REX's motion for a retrial on Thursday. The company had been a years-long battle with Zillow over alleged antitrust activity regarding its IDX policies
by Marian McPherson Jan 19
California commission lawsuit filed against NAR and 35 other entities
Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws
by Andrea V. Brambila Jan 19
Court says $200B commission suit against NAR must go forward
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
by Andrea V. Brambila Jan 18
Homeseller sues Nevada Realtors, NAR after $40K commission bill
Las Vegas resident Nathaniel Whaley alleges the National Association of Realtors, the Northern Nevada Regional MLS and state and local Realtor groups conspired to inflate broker commissions
by Andrea V. Brambila Jan 17
10 things to do right now, so you're not in the next wave of agent exits
Team leader Carl Medford and his regional mastermind developed these 10 strategies to help you return to the fundamentals and take on the challenges and opportunities 2024 has in store
by Carl Medford Jan 16
Why NAR may be primed for record membership fall in 2024: Triple-I
The National Association of Realtors may be on the verge of a bigger membership decline than it's ever seen before — including during the 2008 housing crisis. Intel explores why that is
by Chris LeBarton Jan 15
NAR president sidesteps palace intrigue in 1st address to members
Newly installed NAR President Kevin Sears will remain in position for nearly 2 years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business
by Taylor Anderson Jan 12
Illinois' 3rd commission suit names @properties, champions buyers
A Chicago homeowner is the latest to allege NAR policies amounted to a conspiracy to keep commissions high for buyers, resulting in overpayment on the home purchase
by Taylor Anderson Jan 12
With Kasper exit, the hits keep coming for NAR: The Download
After a reported blackmail threat, NAR President Tracy Kasper has resigned from her post. What's next for the embattled trade organization?
by Christy Murdock Jan 12
Latest homeseller suits in Arizona, New York target commission rules
Class-action complaints filed by Joseph Masiello and Robert Friedman join chorus of litigation nationwide objecting to trade group rules requiring sellers to offer compensation to buyer brokers
by Andrea V. Brambila Jan 11
Realtors fear damage to NAR brand beyond repair following Kasper exit
Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper's resignation as president after less than 5 months doesn't bode well for NAR's reputation
by Taylor Anderson Jan 10
NAR, KW and HomeServices seek new trial in Sitzer | Burnett suit
The defendants point to 'legal errors at trial' they say justify setting aside the jury's historic, multi-billion-dollar verdict and giving the defendants another chance to make their case in court
by Andrea V. Brambila Jan 10
James Dwiggins: NAR needs a top-down overhaul
Ahead of Inman Connect New York this month, the NextHome CEO said NAR serves an important function, but needs a major fix to deal with challenges related to leadership and commission suits
by Jim Dalrymple II Jan 9
NAR President Tracy Kasper resigns, alleges blackmail
The National Association of Realtors' leader said she recently received a 'threat to disclose a past personal, non-financial matter unless she compromised her position at NAR'
It's official: NAR reports first full-year membership dip since 2012
The membership of the National Association of Realtors shrank by 1.7% last year as the trade group weathered a tough market and major lawsuits
by Daniel Houston Jan 4
49% of agents sold either 1 home or none at all in the past year: CFA
Agent 'glut' means part-timers are now the majority, leading to 'widespread incompetence and pressure to maintain high commission rates,' according to the Consumer Federation of America
Meet Inman's 2023 'Person of the Year': The Small Broker-Owner
Small brokers may not get as much attention as the big guys, but they make up the majority of the real estate industry's firms and manage to win David-and-Goliath struggles every day
by Jim Dalrymple II Jan 4
A Maryland homeowner just filed yet another commission lawsuit
The case is the latest of numerous antitrust lawsuits that have emerged in the wake of the October verdict in Sitzer | Burnett. It names NAR, Compass, Redfin and others as defendants
by Jim Dalrymple II Dec 29
Pending home sales stagnate in November despite rate relief
November's numbers show pending sales didn't move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead
by Jim Dalrymple II Dec 28
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn't the only lawsuit with commissions in the crosshairs
by Andrea V. Brambila Dec 28
NAR must find a way to advocate for marginalized buyers post-Sitzer
According to Realtor Trina Gonzales-Van, additional fees to buyers, especially in marginalized communities, has the potential to create more barriers to homeownership
by Trina Gonzales-Van Dec 22
NAR, franchisors ask for summary judgment in Moehrl suit
The National Association of Realtors, Keller Williams and HomeServices of America have all asked a federal judge in Illinois to rule in their favor before the Moehrl case goes to trial
by Jim Dalrymple II Dec 20
MLS Reinvented: A manifesto for the industry
Opinion
Join the conversation about the future of the MLS at Inman Connect New York in January, where we’ll be discussing this manifesto, and much more
by Brad Inman Dec 18
Leigh Brown is running for Congress — again
The former NAR vice president of advocacy also ran in 2019, and at that time, she sued the FEC for ordering her to stop running business ads in advance of that year's primary
by Lillian Dickerson Dec 15
NAR President: Commission changes will 'marginalize' buyers
NAR President Tracy Kasper appeared on CNBC's 'The Exchange' Thursday to discuss mortgage rates, affordability and the potential harm of changes to the current commission structure
by Marian McPherson Dec 15
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
California homeseller who paid $50K in commissions files lawsuit
Christina Grace, a California resident who sold her home in Marin County, filed suit Friday against NAR, Compass and Keller Williams, among others, claiming she paid $50K in commissions
by Andrea V. Brambila Dec 12
NAR opens application window for REACH tech accelerator
The National Association of Realtors' for-profit venture capital arm, Second Century Ventures, runs the program. Applications are due by Jan. 31
Commission suits hit Realtors, brokerages in Florida, Pennsylvania
In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes
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
Facade Flags Justice Department Building Washington DC
A 3-judge panel for the Washington DC circuit seemed inclined to let the agency resume its probe into the National Association of Realtors' cooperative compensation and pocket listing rules
Abandoning NAR won't help us reclaim our legacy and lead change
Opinion
Agents industrywide are tempted to give NAR the cold shoulder, but coach Darryl Davis says that is not the solution to fix the major problems at hand
by Darryl Davis Dec 2
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
NAR argues against setting trial date in Moehrl commission suit
The trade group's attorney says NAR is 'still analyzing' the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a 'different case' that will likely go to trial in Q4 2024
by Andrea V. Brambila Nov 29
Existing-home sales fall to 13-year low despite strong buyer demand
Existing sales fell 4.1% in October to an annual rate of 3.79M, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said
by Ben Verde Nov 21
NAR installs President Tracy Kasper, other leaders for 2024
The trade group installed its 2024 leadership during its annual NAR NXT conference. Kasper started her term 3 months early, after the resignation of former president Kenny Parcell
by Marian McPherson Nov 20
NAR directors confront power shift as executive committee steps up
At a Friday board meeting, a member of NAR's board of directors predicted 'less authority' in 2024 as the embattled trade group's growing Executive Committee shoulders more responsibility
by Andrea V. Brambila Nov 20
Sitzer | Burnett defendants bulk up lawyer bench to prep for appeal
The National Association of Realtors and Keller Williams have hired former US solicitors general to help them beat back the multibillion-dollar verdict
by Andrea V. Brambila Nov 17
NAR won't use lobbying chops for 'legislative fix' to commission suits
At a forum for reps of 50 large brokerage firms, The Realty Alliance CEO Craig Cheatham asked why the nearly 1.6M-member trade group can't use its political influence for an 'existential threat'
by Andrea V. Brambila Nov 16
NAR: 'We have many grounds' to appeal the Sitzer | Burnett verdict
The National Association of Realtors laid out its arguments to overturn the ruling Tuesday. The plaintiffs' attorney said if the trade group doesn't change, it risks an injunction and DOJ wrath
by Andrea V. Brambila Nov 15
NAR will argue for 'complete reversal' of Sitzer | Burnett verdict
The National Association of Realtors' legal team on Monday blamed the ruling on the judge. The plaintiffs' attorney, meanwhile, said NAR hadn't 'learned anything' from its 'resounding defeat'
by Andrea V. Brambila Nov 14
NAR NXT: Everything to know as the annual conference begins
The National Association of Realtors' NAR NXT Conference is gearing up for a week in Anaheim, Calif. Here's a rundown of the schedule plus the sessions and events you can't afford to miss
by Marian McPherson Nov 13
Commission lawsuits are piling up. Keep track of them all right here
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases
by Jim Dalrymple II Nov 10
South Carolina homesellers latest in line to sue NAR, Keller Williams
A new commission lawsuit filed Monday seeking class-action status alleges sellers encountered 'illogical, harmful, irrational and anticompetitive effects' of NAR's cooperative compensation rule
by Andrea V. Brambila Nov 10
New commission lawsuit targets REBNY and 26 companies in NYC
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
by Taylor Anderson Nov 10
Donna Gland, longtime NAR HR Chief, set to retire after 38 years
Some NAR staffers and members had called for Gland's resignation, alleging she allowed a toxic work environment to flourish unchecked while protecting wrongdoing at the top
NAR President addresses Realtors for first time since Sitzer verdict
In a 5-minute video posted online Wednesday, NAR President Tracy Kasper urged Realtors to be transparent about commission negotiations as NAR gears up for a long legal battle ahead
by Marian McPherson Nov 8
Mother of all commission suits filed in Illinois, this time by homebuyers
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
Sitzer | Burnett plaintiffs' attorneys in talks with Department of Justice
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
Jamie Tian tapped to lead Asian Real Estate Association of America
At 32, the RealiFi Realty co-founder and CEO is the youngest president in the organization's history. Tian is a broker-owner in LA and was selected as a NAR '30 under 30' honoree in 2017
by Marian McPherson Nov 6
NAR CEO Bob Goldberg to retire early after 'emergency meetings'
Goldberg had been set to leave at the end of 2024, but will now step down this month. His departure comes on the heels of a harassment scandal at the trade organization
Jury awards $5B to homesellers in landmark Sitzer | Burnett verdict
Jurors in the 2-week commission trial shocked the real estate industry Tuesday, awarding an astonishing $5.36B in damages to homesellers after deliberating for 2 hours and 28 minutes
by Andrea V. Brambila Oct 31
Sitzer | Burnett closing arguments wrap as judgment day approaches
In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions
by Andrea V. Brambila Oct 31
Gary Keller takes stand in person as Sitzer | Burnett verdict nears
Keller Williams co-founder Gary Keller provided lengthy testimony Friday as the defense wrapped up a case to be decided by a Kansas City jury later this week
Pending home sales surge in a September surprise
The Pending Home Sales Index, representing the number of homes that went under contract, rose 1.1% between September and August
by Ben Verde Oct 26
Anywhere, RE/MAX agree to settle Nosalek commission lawsuit
New legal filings propose that MLS PIN class members from the Nosalek lawsuit be included in the 'substantive terms' of the Sitzer/Burnett and Moehrl settlements with Anywhere and RE/MAX
by Lillian Dickerson Oct 25
Tom Ferry podcast video delivers fresh drama at Sitzer | Burnett trial
Plaintiffs’ attorney Michael Ketchmark played a video of a Tom Ferry interview with Allan Dalton of Berkshire Hathaway HomeServices that drew objections and threatened to derail proceedings
by Andrea V. Brambila Oct 25
'Rabbit gets the gun': The essential guide to Week 1 of Sitzer | Burnett
Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri
by Jim Dalrymple II Oct 23
Under their thumbs: The enigmatic homesellers behind Sitzer | Burnett
The plaintiffs in a class action antitrust suit challenging the industry’s commission structure took to the stand to make the case that the practice of homesellers paying buyer agents is 'unfair'
by Andrea V. Brambila Oct 19
REBNY rule change will require sellers to pay buyer agents directly
As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures
by Taylor Anderson Oct 19
Agent training, objection scripts on trial as Sitzer | Burnett ends Day 3
On Day 2 of witness testimony Wednesday, attorney Michael Ketchmark narrowed in on training materials and presentation slides he alleged violated antitrust policies held by the defendants
by Andrea V. Brambila Oct 18
Agents steer buyers to homes with better commissions, study claims
The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers' agents received less attention and took longer to sell
by Jim Dalrymple II Oct 18
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30% as a result of ongoing threats to the real estate industry
by Taylor Anderson Oct 16
Sitzer | Burnett: Live updates from the buyer-agent commission trial
The long-awaited Sitzer|Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more
by Inman Oct 16
Full court press: What to know as the Sitzer | Burnett trial unfolds
The allegations, the high-profile witnesses slated to testify and all the evidence the jury will and won't see — it's all here as the long-awaited Sitzer | Burnett commission trial unfolds this week
by Andrea V. Brambila Oct 16
Stakes are incalculable for NAR as bombshell commission trial looms
Next week's long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate's most powerful trade organization as it navigates a series of existential challenges
by Jim Dalrymple II Oct 11
RE/MAX becomes 3rd major firm to distance itself from NAR
In announcing details of its settlement in the bombshell commission suits, the franchisor said agents and brokerages 'have the freedom to set and/or negotiate commissions as they see fit'
by Taylor Anderson Oct 6
Anywhere reveals the details of its bombshell commission settlement
Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors
by Taylor Anderson Oct 6
A reverse arrow on a street
An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a 'stunning admission of guilt' on the eve of a class-action trial set to start Oct. 16
What Moves Her brings 'Balance Blueprint' campaign to industry
Amidst an industry in turmoil, the real estate female empowerment and advocacy organization has launched a new campaign to 'spur action on behalf of women in real estate'
Andy Florance: Bombshell lawsuits will upend Zillow's business model
CoStar CEO Andy Florance dished with Intel about the commission lawsuits, Zillow and NAR as Homes.com nabbed 100M unique visitors for the first time ever in September
MLS commission settlement in jeopardy amid new DOJ 'concerns'
The Department of Justice's antitrust division on Thursday requested a 2-month deadline extension to review a proposed deal between homesellers and MLS PIN, a broker-owned multiple listing service
Redfin leaves NAR — and calls on its brokers and agents to follow suit
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR's harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships
by Ben Verde Oct 2
Canada flag Canadian flag
A federal judge struck down charges that defendants conspired to 'fix,' 'maintain' and 'increase' prices for buyer brokerage services, but allowed claims they sought to 'control' prices to proceed
by Andrea V. Brambila Sep 29
Pending home sales nosedive in August as interest rates soar
The Pending Home Sales Index dipped 7.1% to a measure of 71.8 between July and August, according to data from the National Association of Realtors
by Ben Verde Sep 28
Volunteer leaders, Parcell included, focus of leaked 2022 NAR memo
Coupled with findings of an internal investigation made public this month, the memo addressed to Donna Gland reveals NAR was aware of a 'hostile, toxic work environment' as early as March 2022
by Andrea V. Brambila Sep 27
Existing-home sales fall off 0.7% led by Southern, Western markets
Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held steady in the Northeast and rose in the Midwest
by Ben Verde Sep 21
The pandemic broke open houses. Can a financial downturn fix them?
Open houses have been on the decline for decades, with a typical seller hosting just 1 open house before a sale. But an Intel review of data shows a downturn could breathe new life into the practice
by Marian McPherson Sep 20
Mutiny inside NAR as staffers call for resignations of top executives
Employees of the trade group demanded the departures of NAR CEO Bob Goldberg, President Tracy Kasper, Chief Legal Officer Katie Johnson and head of HR Donna Gland on Monday
by Andrea V. Brambila Sep 19
NAR loses 'Great Place to Work' distinction on heels of Chicago rally
A rally at NAR headquarters in Chicago drew few Realtors on Monday, but organizers at the NAR Accountability Project declared a win nonetheless after NAR lost its 'Great Place to Work' merit
by Taylor Anderson Sep 18
RE/MAX settles bombshell commission lawsuits for $55M
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including 'no longer forcing homesellers to pay buyer’s agents'
by Andrea V. Brambila Sep 18
MLS PIN settlement approved after overcoming judge's qualms
Judge Patti Saris preliminarily approved the deal after settlement fund restructuring. The case could provide a sneak peek at broader changes pending bombshell commission suit outcomes
by Andrea V. Brambila Sep 14
Is Anywhere's settlement the first domino to fall? The Download
This week: Anywhere has settled its portion of the bombshell commission lawsuit, so who's next?
by Christy Murdock Sep 8
Lawyer's letter offers glimpse into NAR's internal harassment probe
A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of 'creepy' and 'disrespectful' behavior long before the Brevard lawsuit
by Jim Dalrymple II Sep 8
Don't let equity fall through the cracks as 'we' rebuild NAR
Opinion
Amid massive leadership challenges, trainer and DEI expert Dr. Lee Davenport takes a deeper look at the 'we' in NAR's 'That's who we R' slogan and what it means to be a Realtor right now
by Lee Davenport Sep 8
Dripping in drama, 'Selling the OC' returns for Season 2
New cast member, new Cabo office and plenty of new luxury listings — the STOC cast tells Inman this season will be bigger, better and beefier
'Trust has been broken': New NAR President vows to rebuild in video
National Association of Realtors President Tracy Kasper released the 5-minute video on Thursday outlining the organization's plan to address sexual misconduct charges and rebuild broken trust
by Marian McPherson Sep 7
Pocket listings are thriving 4 years after NAR sought to end practice
Pocket listings are positively overflowing nearly 4 years after the National Association of Realtors enacted its controversial Clear Cooperation policy to end them, a new Intel analysis shows
by Ben Verde Sep 6
Anywhere settles bombshell Sitzer and Moehrl commission lawsuits
The company agreed to resolve the claims against it for $83.5M. Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to 'change its practices'
'Insulting at minimum': Realtors strike back as NAR holds the line
Realtors are cancelling memberships, hounding local boards and organizing petition drives days after NAR resisted calls Thursday to censure Bob Goldberg for his handling of misconduct claims
Sue Yannaccone: Time to get the house in order
Opinion
President and CEO of Anywhere Brands Sue Yannaccone writes that this is the time for leaders to find and use their voices so that the industry reflects the values it promotes
by Sue Yannaccone Sep 4
Productive.ai wins NAR Pitch Battle
Joseph Wihbey, Productive.ai's COO and head of product, took a different approach than everyone else in his pitch: he simulated a phone call with a potential client to show what the tool can do
How a typical Realtor rises through the ranks within NAR
Opinion
The Realty Alliance CEO Craig Cheatham illuminates the frequently byzantine path many Realtors follow on their journey up the National Association of Realtors's formidable org chart
by Craig Cheatham Sep 1
Brokers fear losing commissions, agents if lawsuits succeed: Survey
Real estate professionals are preparing for painful changes and the upending of the status quo if courts rule in favor of plaintiffs in 2 key suits, a survey on commissions conducted by Intel shows
by Jim Dalrymple II Aug 30
NAR’s muddled messaging still can't keep up with the facts
Opinion
As the industry reels from The New York Times investigation into harassment at the National Association of Realtors, Bernice Ross pored over the ever-changing response to the scandal
'We want all the names': 49 Inman readers weigh in on NAR's scandal
In the wake of scandal within the National Association of Realtors, Inman asked 'Pulse' readers last month, 'What should happen next at NAR?' They responded with anger and grandiloquence
by Inman Aug 29
Agents: Kenny Parcell's resignation is the 'beginning' of fixing NAR
Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members
5 massive NYT takeaways NAR can't escape
Opinion
Debra Kamin's New York Times exposé details a culture of harassment, intimidation and denial at the National Association of Realtors
by Christy Murdock Aug 28
NAR's sexual harassment spin isn't fooling anyone. Here's why
Opinion
In the days leading up to the Times exposé, NAR laid a virtual bread-crumb trail for digital damage control around the topic of sexual harassment
by Christy Murdock Aug 28
NAR harassment, retaliation and evasion revealed in Times exposé
In interviews with 29 current and former NAR employees and leaders, including 19 who said they endured sexual harassment on the job, The New York Times described wrongdoing running not only through the trade organization but the subsidiaries and boards its executives currently sit on
NAR seeks to suppress DOJ probe from jury as commission trial nears
The National Association of Realtors filed 4 requests in the US District Court in Western Missouri on Thursday involving commission rule changes, government investigations and discrimination
by Andrea V. Brambila Aug 25
Majority of Realtor associations tap late fees to boost bottom line: NAR
Most local associations maintain fewer than 2 years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR's inaugural Association Profile
by Andrea V. Brambila Aug 25
Court rules Zillow falsely labeled REX listings as case heads to trial
Despite the ruling, Zillow said it looks forward to presenting its case to a jury and is 'confident that the evidence will show that REX’s business failed for reasons unrelated to Zillow'
by Andrea V. Brambila Aug 22
Compass agent says she was axed for speaking out at school board
California-based agent Janet Roberson told Inman a Compass team leader dismissed her after her controversial testimony at a school board meeting in April
by Marian McPherson Aug 22
Take Inman's first-ever bombshell commission lawsuit survey here
A pair of explosive lawsuits could upend how brokers do business. As those suits come closer to trial, tell us how you feel about those cases and how prepared the industry is for the repercussions
by Jim Dalrymple II Aug 21
REX antitrust claims against NAR and Zillow dismissed with prejudice
Judge Thomas Zilly on Wednesday tossed antitrust claims against NAR and Zillow, saying REX had failed to prove the parties had agreed to work together to disadvantage non-MLS listings on Zillow
by Andrea V. Brambila Aug 16
'It's well past time': DOJ urges court to overturn NAR commission ruling
The antitrust enforcer argued NAR's pocket listing and commission rules need 'to be assessed on their merits' on whether they cost American homebuyers billions of dollars a year
by Andrea V. Brambila Aug 15
US prices fell this spring, new data shows. Not that anybody noticed
Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most US markets, it didn't feel that way
by Daniel Houston Aug 10
Judge balks at 'unusual' MLS settlement in commission case
Judge Patti Saris, of the US District Court in Massachusetts, said she 'loved' the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs
As NAR searches for its next CEO, here's how it spends member dues
An Intel analysis of the National Association of Realtors' nonprofit tax filings between 2004 and 2021 reveals just how much the trade group pays its top executives and leadership team
NAR reveals 12 new startups vying for iOi Summit 'Pitch Battle' crown
Highnote, Instacard and ListAssist are among the startups the National Association of Realtors has tapped for its annual 'Pitch Battle' later this month in Miami, according to an announcement
The commission suits are headed to trial. What happens after that?
At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference
4 ways to improve real estate as bombshell commission suits sizzle
At Inman Connect Las Vegas, real estate broker and attorney Kendall Bonner urged the industry to be proactive instead of waiting to be legally 'bullied' into change
The ultimate guide to Inman Connect Las Vegas 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
by Marian McPherson Aug 8
Did the US dodge a recession? As outlook softens, analysts reassess
A rising tide of economists are backing away from early forecasts that the US is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead
by Taylor Anderson Aug 4
HomeServices appeal dismissed as court eyes October for Sitzer trial
The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of 2 highly anticipated bombshell commission trials later this year
Foreign buyers target high-end homes as transactions fall 14%
The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs
by Taylor Anderson Aug 2
Chamber of Commerce goes to bat for NAR in face of 'unfair' DOJ probe
In a 'friend of the court' brief, the Chamber said the government should have to keep its promise to not investigate the National Association of Realtors' commission and pocket listing policies
Pending home sales post first increase since February
Homes under contract inched up 0.3% between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors
by Ben Verde Jul 27
'Alarming': NAR slams DOJ effort to resume commission investigation
In a new brief, NAR claims the DOJ's argument for resuming its probe would 'destabilize the law.' The agency has sought to overturn an earlier ruling that quashed a request for more information
by Andrea V. Brambila Jul 26
'Get creative': As inventory drops, agents dust off trusted techniques
With sales down and inventory low, agents are combing social media, calling expireds and seeking out people with major life milestones. In other words, they're meeting the moment with creativity
by Ben Verde Jul 24
Bright MLS breaks with NAR policy on commissions
Starting Aug. 9, the nation's 2nd-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright
by Andrea V. Brambila Jul 20
'TenDashFive' Instagram account declares war on agent hate speech
The real estate broker behind the provocative new account spoke to Inman on the condition of anonymity about his campaign to pressure NAR to enforce its own anti-hate speech policies
by Andrea V. Brambila Jul 14
Real estate agents tallied double-digit sales volume gains in 2022
Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday
by Marian McPherson Jul 12
Gary Keller at Keller Williams KW Family Reunion 2019
The Sitzer/Burnett antitrust case is set to begin Oct. 16 but could be moved to February. The court denied the franchisor's request to change the date because it conflicts with KW's Family Reunion
by Andrea V. Brambila Jul 11
'Marginal agents' with fewer sales now claim quarter of commissions
Agents with 5 or fewer sales a year took in an estimated 25-30% of all commission income in 3 disparate markets, according to an analysis of MLS data by the Consumer Federation of America
by Andrea V. Brambila Jul 10
Woman withdraws case accusing NAR, Kenny Parcell of harassment
Janelle Brevard initially sued the National Association of Realtors, claiming her firing was a form of harassment and retaliation. The case ended Thursday, though many questions still remain
by Jim Dalrymple II Jul 6
The stories and trends that defined a whirlwind first half of 2023
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
by Marian McPherson Jul 5
MLS turns back on franchisors after settling commission case for $3M
Homesellers plan to use funds from MLS PIN, the largest multiple listing service in New England, to continue antitrust litigation against Anywhere, Keller Williams, RE/MAX and HomeServices
Women make up 66% of NAR's membership. Is it serving you?
Opinion
As the National Association of Realtors doubles down to support bad behavior in its leadership, women see the organization's response as part of a larger problem endemic to the industry
by Bernice Ross Jul 3
NAR pushes back on harassment claim amid growing agent backlash
The National Association of Realtors tapped an independent law firm to investigate sexual and racial harassment allegations, ultimately choosing to 'reject' claims made by a former employee
Pending home sales fall, but Northeast sees a surge: Data
Sales of pending homes declined 2.7% in May and were down 22.2% from a year ago, but the Northeast saw a 12.9% increase, according to new data from the National Association of Realtors
by Ben Verde Jun 29
Suit accuses NAR and its president of sexual, racial discrimination
The suit claims NAR fired a Black employee after she broke off a relationship with then-president-elect Kenny Parcell. NAR said it rejects the claims
by Jim Dalrymple II Jun 28
NAR kicks off nationwide search for 'diverse' CEO candidates
Applications to become the 1.5M-member trade group's 13th chief executive will be accepted through July 31, the National Association of Realtors announced
by Andrea V. Brambila Jun 27
NAR CEO Bob Goldberg plans to retire at the end of 2024
Goldberg's contract will expire on Dec. 31, and the executive plans to retire after 3 decades at NAR and 4 decades in real estate, according to the National Association of Realtors
by Taylor Anderson Jun 21
NAR: We're committed to ending discrimination in real estate
Opinion
In response to an Inman column Tuesday questioning the National Association of Realtors' response to discriminatory practices, NAR CEO Bob Goldberg defended the group's track record
by Bob Goldberg Jun 15
Missing middle: Home shortage for middle-income buyers hits 320K
The US needs to not just build more new homes, but build more new homes that are affordable to most people, according to a new report from the National Association of Realtors and Realtor.com
DOJ: NAR commission and pocket listing investigation should resume
The US Department of Justice wants 'to resume its consequential investigation of conduct that affects over $100 billion in broker fees paid by Americans annually,' according to an appeal
Judge narrows in on trial date for bombshell commission lawsuit
If the parties don't settle, expect a lengthy trial for the Moehrl homesellers' case against NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America
by Andrea V. Brambila May 30
Bombshell commission suit 1 step closer to trial after appeal rejected
A federal appeals court on Wednesday denied a request from NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America to overturn class certification in the Moehrl lawsuit
by Andrea V. Brambila May 25
Pending home sales stay flat in April as Northeast numbers tumble
NAR numbers show that, while most regions of the country saw month-over-month gains, pending home sales in the Northeast pulled down the national average
by Ben Verde May 25
parachute
The organization's membership was down 0.66% in April compared to a year earlier. NAR thinks the numbers may fall even further
by Jim Dalrymple II May 19
Can NAR keep real estate agents safe and sound? The Download
Each week on The Download, take a deeper look at the top-read stories of the week so you can meet Monday head-on. This week: NAR's new Realtor safety proposal
by Christy Murdock May 19
US existing-homes sales plunge in April as inventory climbs above 1M
Economic headwinds and booming interest rates pushed sales down by 3.4% in April as inventory soared 7.2% above March, according to National Association of Realtors data released Thursday
by Marian McPherson May 18
6 takeaways from NAR's midyear conference
From voting to raise membership dues to requiring fair housing training to learning best practices for artificial intelligence, Realtors are steering their own fate in the industry
by Andrea V. Brambila May 18
With lawsuits in play, NAR Midyear treads lightly with commission talk
At the Realtors Legislative Meetings, NAR attorney Charlie Lee stressed agents can't count on a 'standard' commission and will have to negotiate compensation with clients and listing brokers
by Andrea V. Brambila May 17
Danger ahead: MLSs consider agent alerts for perilous properties
At the National Association of Realtors' midyear conference, a committee on Realtor safety suggested adding MLS data fields to signal hazards such as bad cell service and limited visibility
by Andrea V. Brambila May 17
Submissions open for 5th annual NAR startup Pitch Battle
The Pitch Battle offers real estate technology startups the opportunity to showcase their tech to industry-leading investors for the chance to win $15,000
by Ben Verde May 15
NAR votes to require fair housing training for all 1.5M Realtors
Members will be required to complete 2 hours of fair housing training every 3 years beginning in 2025 following a vote Thursday by the National Association of Realtors' board of directors
by Andrea V. Brambila May 12
NAR votes to raise membership dues in alignment with inflation
The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4% to $156 next year
by Andrea V. Brambila May 11
'AI terrifies me': Tips for Realtors on how to avoid the new tech's pitfalls
At NAR's midyear conference, Senior Counsel Chloe Hecht offered best practices to help navigate artificial intelligence without running afoul of copyright law or the Realtor Code of Ethics
by Andrea V. Brambila May 10
NAR chief economist: 'The Fed made a mistake'
At the Realtors Legislative Meetings' Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024
Fair housing training for agents will be mandatory under NAR proposal 
The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5M members to complete 2 hours of fair housing training every 3 years beginning in 2025
Miami Realtors get free Milestones Labs home management app
Sixty thousand South Florida agents and brokers will be able to provide buyers and sellers with self-branded online homeowner portals, the Miami Association of Realtors announced Tuesday
NAR membership dues would rise with inflation under new proposal
To cover an expected budget deficit, the National Association of Realtors' Finance Committee has proposed aligning dues with the Consumer Price Index, increasing the likelihood of annual hikes
NAR raises alarm on  floor plan use, vacant lot scams, 'unfair' contracts
Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday
washington dc
The Realtors Legislative Meetings will run May 6-11 and some sessions will be live-streamed for National Association of Realtors members. Here's everything to look for as the conference starts
Value of promoting sustainability in listings keeps falling, Realtors say
An Inman analysis of NAR data on residential sustainability over the past 7 years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results
How union strikes like the Writers Guild of America impact real estate
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA walkout and others before it can have a palpable impact on the real estate industry
REACH turns 10: Inside the NAR tech accelerator's success rate
Since the accelerator launched a decade ago, 80 companies have graduated from the program, an Intel analysis shows. More than 75% are still in business and about 20% have been acquired
Pending home sales end 3-month streak of upticks in dismal March
The Pending Home Sales Index dropped by 5.2% in March to a reading of 78.9 — 23.2% lower than March 2022 levels, according to data released by the National Association of Realtors
by Ben Verde Apr 27
After isolated uptick, existing-home sales shift gears in March
Existing-home sales fell 2.4% in March to a seasonally adjusted annual rate of 4.44M — 22% lower than a year earlier, according to data released Thursday by the National Association of Realtors
by Ben Verde Apr 20
NAR selects 7 firms for its US real estate tech program, REACH
Flock, HighNote, Plus Platform, Prisidio, Real Grader, Summer and Tongo are the 11th class to participate in Second Century Ventures' REACH program, according to an announcement Tuesday
by Andrea V. Brambila Apr 12
LGBTQ+ Real Estate Alliance takes 'Article 10 Rule' campaign to Texas
In the wake of increasing anti-LGBTQ+ legislation in Texas, the LGBTQ+ Real Estate Alliance has called Texas Realtors and TREPAC to evaluate political candidates' credibility
by Marian McPherson Apr 12
3 ways NAR's latest staging data can help sell your listing
Although home staging can be a valuable tool in your marketing arsenal, it can’t do everything. Here’s the latest from NAR’s 2023 staging survey
by Christy Murdock Apr 11
Joint venture owned by CRMLS, Bright begins selling MLS data 
REdistribute aims to aggregate and distribute data for MLSs and participating brokers, sell it to institutions — including government-sponsored entities — and share the revenue with brokers
Home staging dips in popularity as fewer agents make the effort: NAR
The National Association of Realtors' 2023 Profile of Home Staging reveals a quarter of all staging efforts yield additional profits of up to $18,935 for a median-priced home
by Marian McPherson Apr 3
'Stop arguing and start adjusting': Agents react to class-action ruling
From 'NAR is toast' to 'don't make any rash decisions,' real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday
by Andrea V. Brambila Mar 31
What are the different types of real estate agents?
All real estate agents are not created equal. There are different types of agents just as there are different types of transactions and many different areas of specialization
by Christy Murdock Mar 31
Bombshell multibillion-dollar commission suit now a class action
A judge on Wednesday granted class certification in a federal commission suit that could rock the real estate industry and impact how agents are compensated nationwide
by Andrea V. Brambila Mar 29
DOJ appeals NAR win in probe of commission, pocket listing rules
The antitrust enforcer wants a higher court to overturn a ruling that limits its investigation into the Realtor trade group's Participation Rule and Clear Cooperation Policy
by Andrea V. Brambila Mar 28
Rent peaked in February 2022. Here’s why it’s still driving inflation
Private indices show that rent peaked in early 2022. But the impact of the rapid increase in rent could still show up in inflation readings for months, economists told Inman
by Taylor Anderson Mar 28
Boomers strike back: Older buyers unseat millennials as top cohort
Baby boomers have long enjoyed advantages over millennials in the home market. Now, they outnumber them, according to data released Tuesday by the National Association of Realtors
by Daniel Houston Mar 28
At Bespoke Real Estate, racial slurs were part of the job, new suit claims
Jarret Willis, a Black agent who worked at the Hamptons-based luxury brokerage, was smeared by epithets, including 'Jafar' in reference to the 'Aladdin' Disney movie, a white colleague claims
by Lillian Dickerson Mar 23
Falling existing-home sales reverse as record-streak of price hikes end
Existing-home sales surged 14.5% in February, reversing a yearlong trend of falling transactions from one month to the next, according to data Tuesday by the National Association of Realtors
by Ben Verde Mar 21
Facade Flags Justice Department Building Washington DC
In an amicus brief the antitrust enforcer argues that a lower court incorrectly tossed a case filed by Top Agent Network over the National Association of Realtors' pocket listing policy
by Andrea V. Brambila Mar 14
NAR appoints top-producing agent Jennifer Wauhob to leadership team
Wauhob, who leads a 7-agent team for Better Homes and Gardens Real Estate Gary Greene in Houston, will take up the role of VP of association affairs following the death of Margo Wheeler
A gap in a concrete bridge
The National Association of Realtors said increasing the nation's inventory is 1 solution to address homeownership gap. The trade group is eying 3M net new Black homeowners by 2030
Pending home sales rose in January — but those gains are unlikely to last
The Pending Home Sales Index jumped 8.1% to a reading of 82.5 in January before mortgage rates began another climb, according to data released Monday by the National Association of Realtors
by Ben Verde Feb 27