Editor’s note: This is the second of a three-part series on how agents earn recommendations and referrals from AI. Read part one here. When a prospective buyer asks someone they trust who is the best real estate agent to help them transact, you want your name to be the first one mentioned. What happens when…
Tuesday night’s ruling in Zillow’s lawsuit against Chicago-based MLS MRED and mega-brokerage Compass represented a significant legal setback for the portal, even as the larger fight over policy and market power plays out on multiple fronts. A source close to MRED told RISMedia shortly after the court ruling that the MLS is prepared to enforce…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Realtor® association, board sued over MLS merger A handful of Louisiana brokers are suing their local Realtor® association and its board over a recently approved consolidation with ROAM MLS, seeking to remove the…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Start with the numbers: Mortgage rates are climbing fast, with Freddie Mac’s benchmark survey reporting 6.76% on average this week for the 30-year, while other sources found rates crossed the 7% threshold. -Rates are pushing…
Another broker lawsuit targeting MLS access rules and the National Association of Realtors®’ (NAR) “three-way agreement” was dismissed by an appellate court on Sept. 9, as challenges to these long-standing policies and structures have so far failed to advance in courthouses across the country. Lou Eytalis, a Texas broker who decried membership feeds and restrictions…
What gets people to move? That is a question every real estate professional can answer to some degree. The big picture usually includes the five Ds (divorce, death, diapers, diamonds and diplomas), which are life circumstances that (often) necessitate a home sale and/or purchase—what economists have called non-discretionary moves. But as affordability and mortgage lock-ins…
A lawsuit filed earlier month is alleging that a top agent for real estate startup Side illegally operated as a lawyer in order to secure listing contracts, further claiming that this “ongoing and systematic” practice represents a failure by Side in its legal, supervisory responsibilities. The lawsuit was filed by a debt collector named Green…
Around 16 months after it was filed, Compass announced today that it has reached an agreement to resolve its antitrust lawsuit against Washington-based Northwest Multiple Listing Service (NWMLS), ending what had been a high-stakes and sharply contested dispute that cut to the heart of the larger private listing debate. In a statement, Compass CEO Robert…
Editor’s note: AI Pulse is RISMedia’s ongoing roundup of AI happenings, providing hype-free trends and real-world use cases to help navigate the rapidly evolving AI landscape. ChatGPT, Claude and Gemini fail as originators, show “extreme” bias As the mortgage industry appears just as eager as the real estate agent and broker community to boost their…
On Wednesday, Aug. 26, U.S. District Judge Myong Joun in the federal district of Massachusetts ruled that the Department of Housing and Urban Development (HUD) failed to justify a significant restructuring of a landmark fair housing program, after HUD said it would not disburse monies to hundreds of nonprofits that are charged with combatting housing…
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
