Monthly Archives: October 2023
Burnett Plaintiffs’ Attorney Immediately Files National Suit Against NAR and More Major Brokerages After Favorable Verdict
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
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
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
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
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
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
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
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
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
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