Amid the growing landscape of litigation in the industry, a real estate broker is claiming his livelihood has been put at risk, alleging that he is being retaliated against for suing the National Association of REALTORS® (NAR). In his latest legal volley against the trade group, broker Maurice Muhammad (who is representing himself in the…
It was a busy three months for Fathom Holdings. Despite continued housing market challenges, company officials seemed generally optimistic about its growth trajectory following several critical developments in the third quarter, including reaching a settlement agreement in the commission lawsuits. “We’re pleased to report a quarter marked by continued progress and strategic advancements, even as…
Staged listing photos have been an effective—and expensive—tool meant to pique the interest of inquiring home seekers. But given the ever-growing landscape of artificial intelligence (AI) in real estate, that hurdle could soon be a thing of the past. At least, that is where things are headed for Palazzo, an AI-driven interior design platform that…
The Federal Reserve (Fed) has turned expectations into a reality, making its first interest rate cuts since the start of the pandemic. Against the backdrop of a cooling job market and cooling inflation, all Fed officials opted to lower the federal funds rates by half a percentage point—50 basis points—to 4.75% to 5%, making a…
The real estate industry’s litigation list is down by one as the courtroom squabbles between Keller Williams and former CEO John Davis are slated to reach an arguably anticlimactic resolution outside the courtroom. Given a choice between a pair of motions filed by Keller Williams that would decide the fate of the acrimonious legal saga,…
Trust is the cornerstone of the agent-client relationship, but for some, it has been harder to come by these days due to the endless litigation the industry has been embroiled in. For Peter Gustis, a Pennsylvania-based REALTOR® at Springer Realty Group, conversations about lawsuits and settlements have been unavoidable as he expresses concern about the…
The future of real estate is still unwritten. Still, Nykia Wright, the National Association of REALTORS® (NAR) interim CEO, is encouraging members to at least help co-author it as the industry continues to face its share of challenges ahead. “I understand that people are frustrated with things, but bring that frustration in-house so that we…
Despite recent scrutiny, the California Association of REALTORS® (CAR) has shown a willingness to take feedback and adapt ahead of fast-approaching policy changes slated to hit the industry. CAR officials announced Wednesday that 30 new and revised forms were released as part of a semi-annual standard forms update. Most notably, the real estate organization has…
The complicated process of ensuring that the real estate industry complies with incoming policy changes is underway, as concerns about loopholes surrounding commission-sharing have already started a discourse among regulators and innovators—potentially, an amicable one. The ongoing dialogue was highlighted by a recent meeting between the National Association of REALTORS® (NAR) and the U.S. Department…
No one said change would be easy. Many real estate organizations find that to be truer than ever about buyer representation agreements, as some REALTOR® organizations have come under fire for their attempts to abide by incoming policy changes. That has been the case for the California Association of REALTORS® (CAR), which was heavily criticized…
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