A federal judge in Texas has vacated the Financial Crimes Enforcement Network’s (FinCEN) nationwide anti-money laundering (AML) rule — creating a legal vacuum and uncertainty among title and real estate professionals. While the ruling eliminates a significant compliance burden that industry groups had criticized, legal observers warn that FinCEN retains broad authority over real estate […]
Gary Keller is one of the most consequential figures in the history of residential real estate. In nearly five decades, few people have done more to educate, elevate and safeguard the well-being of the real estate professional. I say this as a 36-year veteran of this business and as someone who spent six years working
The case for seller choice: Why exposure is a strategy and not a setting Read More »
CoStar Group is claiming that Zillow’s alleged infringement upon copyrighted photos owned by CoStar has continued despite the ongoing copyright infringement lawsuit CoStar filed against Zillow last July. In an amended complaint filed on Friday, CoStar claims that Zillow has infringed on CoStar’s copyright on more than 53,000 watermarked photos across Zillow and the platforms
CoStar says Zillow copyright infringement now tops 53,000 photos Read More »
Five major deals in five days. That’s what happened last week in real estate, and I don’t think anyone has fully processed what just happened. Zillow Preview signed almost 30 brokerages. eXp signed deals with Realtor.com, Homes.com and ComeHome.com. Compass already had its Redfin partnership locked in. Zillow rewrote its listing standards to make the
Did the industry build a machine for reverse steering and call it seller choice? Read More »
A high-producing Tampa real estate team has returned to eXp Realty after a stint with another brokerage. Maximum Tampa Group — led by Yulia Olivo and Jennifer Rivera — will now operate as FIG Team Maximum Tampa in collaboration with Veronica Figueroa’s FIG Team. The move comes after Maximum Tampa Group had joined LPT Realty
RealTrends Verified Tampa team returns to eXp Realty Read More »
The Council of MLS (CMLS), the trade organization for multiple listing services, is pushing back against the rhetoric currently circulating the housing industry that “sellers benefit when their listings are not broadly exposed, that listing brokerages have a fiduciary duty to withhold facts from other brokers and their buyers, and that MLSs work against real
CMLS warns pre marketing could fragment the housing market Read More »
The U.S. Census Bureau projects that 70% of net new homebuyers between now and 2050 will be Latino — a statistic that Century 21 CEO Mike Miedler said should guide recruiting efforts across the industry. “If we’re going to serve those communities, we also have to get more Hispanic real estate professionals into the business,”
Century 21 CEO: Adding Latino agents is key to serving demand Read More »
As real estate professionals face growing threats from title fraud and in-person safety risks, TransUnion is introducing a mobile solution that consolidates tools for verifying identities and checking criminal backgrounds. TruLookup for Real Estate allows agents to validate property ownership, conduct personal safety checks using a phone number and generate prospecting lists — all within
TransUnion launches tool to bolster Realtor safety, fight fraud Read More »
A magistrate judge in U.S. District Court in West Palm Beach, Florida, is recommending that the court dismiss the Zea antitrust lawsuit filed against the National Association of Realtors (NAR) and several local Realtor associations and MLSs. Filed in August, the lawsuit claims that the defendants engaged in a “coordinated scheme” to restrict consumer choice
Antitrust lawsuit against NAR faces dismissal Read More »
Mississippi has joined Alabama in creating a law that states that buyers agents and brokers are not required to obtain a signed buyer agency agreement prior to touring a property with a prospective buyer. Earlier this month, Mississippi Governor Tate Reeves signed Senate Bill 2713 into law. Under the new law, buyers and sellers may
Buyer agency laws diverge as states break from NAR settlement playbook Read More »