Above, a screenshot from one of Homes.com’s new ads featuring Dan Levy of “Schitt’s Creek” fame and SNL’s Heidi Gardner. During one of America’s most enduring traditions, Super Bowl Sunday, Homes.com plans to make history, regardless of who takes home the championship trophy. Through four commercials reaching some 113 million viewers, the rapidly ascending real…
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -A rule to create more standards and quality controls for automated value models (AVMs) that are used in mortgages was finalized earlier this month. The changers were originally championed by Vice President Kamala Harris in…
Uncertainty continues to plague the sale of REcolorado, one of the largest MLSs in the country, with a second prospective buyer petitioning for a chance to acquire the MLS as the two REALTOR® associations behind the sale push forward, despite significant misgivings and continued questions about the people behind the unprecedented sale. A letter obtained…
Back in January, the National Association of REALTORS® (NAR) agreed to extend the statute of limitations in a pocket-listing lawsuit, court documents revealed, with a lawyer representing the REALTOR® organization telling a judge in a separate case last week that NAR needed time to decide if it was “amenable” to repealing or amending the Clear…
A district court judge is allowing a lawsuit by a pocket listing company that was previously dismissed to go forward, after an appeals court in a separate case overturned the dismissal. The case titled Top Agent Network v. National Association of REALTORS et al, which is focused on “clear cooperation,” was originally filed back in…
United Real Estate and HomeSmart yesterday became the latest companies to settle seller lawsuits, according to a filing in federal court, while several other companies simultaneously chose to push forward and continue fighting seller commission cases, potentially indicating there is still some appetite to contest claims by recent homesellers. According to a release from United…
Woodbury, New York—Two heads are almost always better than one when facing uncertainty. When facing a lot of uncertainty—for instance, when a parade of class-action lawsuits upend century-old precedent in how your industry operates—it might be better to get as many experienced minds together as possible. That was the idea at the Long Island Board…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Here in the liminal space between when the National Association of REALTORS® (NAR) agreed to a settlement, and when that agreement will be implemented and approved, commission class-action cases have largely slowed or…
CoStar has agreed to change some key advertising claims regarding its Homes.com residential portal amid a contentious back and forth with bitter rival Realtor.com®, following a recommendation from non-profit BBB National Programs (associated with, but independent from the Better Business Bureau) as both companies continue to battle viciously over metrics, measurements and market share. Realtor.com’s…
Real estate business owners appear to be putting an increased emphasis on agents who are willing to grind, honing in on so-called “business-minded” entrepreneurs while relying on company culture as a recruitment tool in the wake of changes created by the National Association of REALTORS®’ (NAR) settlement. According to RISMeda’s latest Broker Confidence Index (BCI),…
Judge Stephen R. Bough, who oversaw the Burnett case, has set a trial date for the central national copycat lawsuit which has sought to include every major brokerage that did not receive immunity from the National Association of REALTORS®’ (NAR) settlement—though a jury isn’t going to be seated any time soon. The trial is scheduled…
In the modern age of social media forms and the storytelling that comes with them, blogging feels like a bit of an outdated form of marketing. This, however, is absolutely untrue. Read more.
