The post-settlement period in real estate might be remembered as the era of consolidation, at least based on 2025’s headlines. Along with many smaller buyouts, the purchase of consumer portal and discount brokerage Redfin by mortgage giant Rocket, and Compass’s (still pending) deal to take over Anywhere are somewhat unprecedented, at least since the post-Great…
Five states are now joining in the federal legal challenge to last spring’s Zillow-Redfin rental merger, characterizing the $100 billion deal as anti-competitive and anti-consumer as law enforcement seek to block the deal. The states joining in the lawsuit are Connecticut, Arizona, Washington, Virginia and New York filing the suit in the Eastern District of…
Across two in-depth reports totaling 332 pages, buyer plaintiffs in the massive Batton class-action commission case put forward expert arguments supporting the theory that homebuyers as well as sellers were harmed by National Association of Realtors® (NAR) policies, aiming to certify a national class with tens of billions in potential damages. Dr. Rosa Abrantes-Metz, an…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. -California-based loanDepot, which has faced a bevy of legal troubles in recent years, fired back in court against some of the more high-stakes legal claims it is facing as borrowers have alleged the company…
Above, Kelly Armstrong NEW HAVEN, CT—The self-described deeply conservative governor of a ruby-red Midwest state travels to an enclave of the liberal coastal elite. Speaking to an audience full of left-leaning activists and policy wonks, he receives numerous enthusiastic rounds of applause. What was the hot-button topic that bridged our current hyper-strained political environment? Answer:…
Citing internal documents and letters from regulatory agencies, Reuters is reporting that Douglas Elliman is under scrutiny for potential insider trading related to a rumored takeover bid by Anywhere this past spring, a deal that never materialized but sent Elliman’s stock soaring. According to the Reuters report, the Financial Industry Regulatory Authority (FINRA), is in…
In another earth-shattering move likely to further tip the balance of power in residential real estate, Compass has announced it is acquiring Anywhere Real Estate in a deal expected to value the combined companies at over $10 billion, and allow the New York-based brokerage to pursue what has clearly become a campaign to transform the…
Above, Anthony Lamacchia at RISMedia’s 2025 CEO & Leadership Exchange WASHINGTON, D.C.—Capping off three days of high-profile panels, speeches and one-on-ones at RISMedia’s Annual CEO & Leadership Exchange, independent broker/owner and national trainer Anthony Lamacchia took the stage in the Grand Ballroom of the Mayflower Hotel on September 5 to deliver a candid and rousing…
Above, from left, at RISMedia’s 2025 CEO & Leadership Exchange, Richard Haggerty, Dan Duffy, Shannon McGahn, Chris Raveis and John Featherston on “The New NAR – How the Association Is Righting the Ship” panel. WASHINGTON D.C.—Dan Duffy, United Real Estate’s CEO and founder, has never been one to mince words. Speaking yesterday on a topic…
Michelle Ressler, former CFO of the Real Brokerage, who sued the company in June for alleged pregnancy discrimination and retaliation, is entering into mediation with her former employer, according to a court filing today. A joint letter signed by one of Real’s lawyers asked a federal judge to pause the case as “the parties have…
CEO Morgan Carey talks about the launch of Real Estate Webmasters’ new tools, Automations Phase 2 and AI call features, within the REW CRM. Read more.
