Monthly Archives: October 2024
Cloze Appoints Jose Perez as General Manager, Partnerships
Above, Jose Perez Cloze, a provider of AI-powered sales and marketing software for real estate brokerages, has announced the appointment of Jose Perez as the company’s new General Manager of Partnerships. Perez will draw upon his 30-year career at both... Read More
10,000 REALTORS® Set to “Bring on Business” at NAR NXT in Boston Next Week
REALTORS® and real estate industry professionals from across the nation and around the world will gather in Boston, Massachusetts, Nov. 8–10 for NAR NXT, The REALTOR® Experience—the National Association of REALTORS®’ annual conference and expo. With th... Read More
Compass Sees MLS Stop Enforcement of Clear Cooperation as Reffkin Continues to Speak Out
Compass Founder and CEO Robert Reffkin continues to hold his stance against NAR’s Clear Cooperation policy, and reported that the company has seen no “meaningful change” in business since NAR’s practice changes went into place. In the company’s recent ... Read More
Historic Schoolhouse Sets the Gold Standard in Park City, Utah
Property Highlights: Location: Park City, Utah Listing Price: $31,000,000 Features: 10,000 square feet with 12 bedrooms and 16 bathrooms. Added Appeal: Rooftop pool, outdoor spa, private penthouse, 150-step ski access, antique French details, grand fam... Read More
Buyer Representation: What’s Changed, and What Hasn’t
Recent changes that went into effect following the National Association of REALTORS®’ (NAR) proposed settlement* have impacted how agents work with buyers. While some things have changed, many core principles of buyer representation haven’t. What’s cha... Read More
Key Inflation Rate Hits 2.1% in September, Closing in on Fed Target
Inflation rose slightly in September, according to a U.S. Bureau of Economic Analysis report released October 31. The Personal Consumption Expenditures (PCE) price index increased 0.2%. Excluding food and energy, the PCE price index increased 0.3%. Rea... Read More
DOJ Misses NAR Settlement Objection Deadline as Other Parties Weigh In
This week—specifically this past Tuesday—was the deadline for anyone to enter a formal objection to the National Association of REALTORS®’ (NAR) settlement agreement, struck with class-action seller plaintiffs back in March. While about half a dozen pa... Read More
‘Haunted’ Homes a Target for Lowball Offers, WIth Sellers Unlikely to Disclose
Is a real estate negotiation on a haunted home doomed from the start? Not necessarily, but concessions may be part of the process, according to Clever-affiliated researcher Real Estate Witch. In the never-ending quest for a smart buy, 54% of Americans ... Read More
BREAKING: Judge Approves Copycat Settlements for Nine Brokerages
A federal judge today gave a final stamp of approval to settlement agreements struck by nine large brokerages, confirming immunity from seller-filed commission lawsuits despite objections from some other plaintiffs. Judge Stephen R. Bough of the Wester... Read More
Judge Dismisses Two Claims Against CoStar in Realtor.com ‘Data-Theft’ Case
In a court ruling October 28, California District Judge George H. Wu partially granted CoStar Group’s motion to dismiss claims in the lawsuit filed by Move, Inc., the parent company of rival Realtor.com®, throwing out (at least for now) two accusations... Read More