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Monthly Archives: October 2023

    Burnett Plaintiffs’ Attorney Immediately Files National Suit Against NAR and More Major Brokerages After Favorable Verdict

    By Beth McGuire | October 31, 2023

    Many were predicting it would happen. Almost before the jury in the recently decided Burnett class-action trial left the courtroom, attorneys who represented the plaintiffs in that case filed a new, nationwide lawsuit against the National Association o... Read More

    Industry Reacts: Execs Voice Frustrations, Predictions After Guilty Verdict

    By Claudia Larsen | October 31, 2023

    The Burnett vs. NAR trial verdict is in, with the plaintiffs emerging victorious, and the defendants having been found guilty of conspiring to artificially inflate commissions. It’s a result that could have serious, historic and long-lasting ramificati... Read More

    Download the NAR Mobile App

    By Devin Meenan | October 31, 2023

    Deals close fast so make sure you have valuable real estate industry facts at your fingertips. The NAR Mobile App gives you full access to everything you need—anytime you want. Download the app today and share with your agents! Don’t Miss This MVP Offe... Read More

    Rocket Mortgage Refines New AI Tool

    By Devin Meenan | October 31, 2023

    Rocket Mortgage has announced continued advancements to its Pathfinder tool, an AI and machine learning-powered search engine used by mortgage bankers, brokers and underwriters to confidently find the answers to complicated qualification or loan proces... Read More

    Home Prices Show Continue Upward Gain

    By Devin Meenan | October 31, 2023

    The latest S&P CoreLogic Case-Shiller Index, tracking home price data changes in August 2023, shows the same result it has for the last six months: home prices are going up. After steadily declining since early 2022, home prices (and the index) rev... Read More

    Plaintiffs Triumph in Burnett Case as Jury Finds NAR, Brokerages Conspired to Fix Prices

    By Jesse Williams | October 31, 2023

    Plaintiffs’ Lead Attorney Files New, Nationwide Lawsuit Against ‘Remaining Large Corporate Real Estate Companies’ Minutes After Verdict Is Handed Down KANSAS CITY—After four years working its way slowly through the federal judicial sy... Read More

    Op-Ed: Implications of Local Lawsuit Could Exacerbate Racial Homeownership Gap

    By Claudia Larsen | October 31, 2023

    The rate of homeownership in the Black community hovers around 45%, a stark contrast to nearly 75% for White households. There are lawsuits, including a federal case in Kansas City, that could make this gulf even greater. Strong, dynamic local real est... Read More

    NAR Announces Partnership With IRAR Trust Company

    By Claudia Larsen | October 31, 2023

    The National Association of REALTORS® announced IRAR Trust Company (IRAR) as a new partner with NAR REALTOR Benefits®.  As NAR REALTOR Benefits®’ preferred provider for self-directed retirement plans, IRAR provides discounted self-directed IRAs and sol... Read More

    COURT UPDATE: Closing Arguments Put Exclamation Mark on Burnett Trial

    By Beth McGuire | October 30, 2023

    KANSAS CITY—Closing arguments in the landmark Burnett class action case were presented to an eight-person jury yesterday, with the possibility of a verdict that could rock the industry coming as early as today. The plaintiffs’ case hinges on convincing... Read More

    Team Tactics: 4 Ways to Use Halloween for Team-Building Events

    By Devin Meenan | October 30, 2023

    Halloween is an interesting holiday—an event where the spooky and fun mood of the day takes over the fall season. You can see it in everything from professional advertising to personal decorating. However, while some may get carried away in the spirit ... Read More