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Real Estate News for Realtors and Brokers


Broker files multimillion-dollar suit over ‘forced’ NAR membership
Maurice Muhammad alleges a "monopoly" by NAR, the state Realtor association and the local MLS limits competition, inflates prices, and disproportionately affects minority brokers and agents.

Mortgage rates bounce back to July levels on inflation worries
Another worry for bond market investors is "quantitative tightening," the Fed's program to trim its massive holdings of government debt and mortgages.

Century 21 strengthens presence in Las Vegas with 1st Priority Realty
Now operating as Century 21 1st Priority Realty, Duc Lu and his team will have access to the brand’s technology, marketing, lead generation and agent coaching tools and platforms. Lu plans to initially streamline internal operations at his brokerage before focusing on external growth.

Fashion Nova founder buys 2 Miami Beach homes for $30M
Richard Saghian, the founder of the California-based online fashion company Fashion Nova, has expanded his real estate portfolio with the purchase of two Miami Beach properties for $30 million, The Real Deal reported Wednesday. The acquisition includes a waterfront home at 5718 North Bay Road and a non-waterfront property at 5725 North Bay Road.

Are you suffering from election anxiety?
This year's presidential election has people totally stressed out. Trainer Bernice Ross offers strategies for releasing your anxiety and getting back to business.

Tesla rented their listing — then used it to debut its humanoid robot
Jason Peteler of Revel Real Estate and Matthew Yim of Coldwell Banker only knew at first that an EV company had rented their listing for a few days as a filming location. They had no idea it would be the first home in which Tesla's Optimus Robot would be filmed.

NAR asks court to dismiss lawsuit filed by discount brokerage Homie
Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot.

A house divided? 2024 election tests the agent-client bond: Intel
Business goes on mostly undisturbed. But a survey of hundreds of agents and brokers suggests the real estate industry is facing more thorny situations amid a contentious 2024 election.

Are you fiscally fit? The financial checkup your business needs
Maintaining a healthy cash flow, controlling debt, building an emergency fund, planning for taxes and retirement — Keller Williams’ Julia Lashay Israel serves up the financial gut check questions every business needs to ponder.

Secure success by embracing a leadership mindset, not a position
A leader doesn’t always have to be tied to a title; leadership can reflect how a person conducts themselves, the examples they set and the habits they practice.

Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.

Real estate investors ran $230M Ponzi ploy to recoup shareholders
Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results.

A 25-acre ‘tree house’ haven with an airplane guest room hits market
The unique getaway completed in 2010 by late craftsman and entrepreneur Reggie Whibley is on the market for $1.75 million. The hunt is on for a buyer who doesn't care about cell or internet service.

Majority of sellers know they aren’t on hook for buyer commission: Poll
In a nationwide Inman-Dig Insight poll of active homebuyers, fewer than 5 percent of shoppers now listing their current home said they didn't realize that they could decline to pay buyer-side commissions.

Breaking bad news: How to have tough client conversations
The energy you bring to client communication, Rachael Hite writes, can be the difference between a peaceful process and buyer or seller meltdown.

How to defuse explosive real estate situations
Conflict with clients and colleagues is stressful, Bernice Ross writes. Find out how to respond to and deal with that stress so that it doesn't take a toll on you or your transactions.

Beverly Hills-based The Agency tips hat to latest Dallas recruits
Led by Megan and Damon Williamson, The Agency's rapidly growing Dallas office most recently onboarded luxury agents Courtney Michalek of Compass and Andrea Childress of Monument Realty.

FootFallz hits high notes, but it’s a familiar tune: Tech Review
FootFallz is a mobile-first application that fastens the listing agent to their title rep and mortgage partners and marries productivity with new business generation.
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