60-day clock begins for brokerages seeking to opt into $418M NAR deal
Inman
by Andrea V. Brambila
6h ago
Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered ..read more
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Schwarzenegger, Pratt slammed for razing historic LA mansion
Inman
by Lillian Dickerson
6h ago
The couple bought the home in an off-market transaction in January 2023, months after the previous owner passed away. The plot is located across the street from the home of Schwarzenegger's mother, Maria Shriver ..read more
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Flat-fee brokerage Homie makes remarkable pivot amid upheaval
Inman
by Jim Dalrymple II
13h ago
The Utah-based disruptor "moved our real estate agents from W2 to 1099" while other "non-Homie" agents were laid off last week due to "role redundancy," a Homie spokesperson confirmed to Inman ..read more
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BHGRE’s 2nd largest franchise signs 10-year contract renewal
Inman
by Marian McPherson
13h ago
Amid an industrywide recruitment war, Better Homes and Gardens Real Estate has secured its largest contract renewal of 2024 with Atlanta-based BHGRE Metro Brokers. The 45-year-old brokerage is the second-largest franchise in the BHGRE network, with more than 2,400 agents across 27 offices. In 2023, BHGRE Metro Brokers closed 4,738 transactions worth $1.665 billion, a performance that earned it a top 200 ranking on Real Trends' 2024 transaction sides and volume lists ..read more
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Tim Rodland launches new Bahamas luxury brokerage
Inman
by Lillian Dickerson
13h ago
Rodland Real Estate, which operates across the archipelago, provides clients a private members portal with access to off-market properties. With the network Rodland has built over the years, the firm is particularly well-suited to aid newcomers to The Bahamas ..read more
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CoStar to acquire 3D scanning company Matterport for $1.6B
Inman
by Taylor Anderson
13h ago
Matterport's board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion ..read more
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Real estate brokers didn’t fear the lawsuits — until NAR settled: Intel
Inman
by Daniel Houston
13h ago
Anxiety around commissions leaped to the top of the worries brokerage leaders face, pushing down concerns around inventory and competition, according to Inman Intel Index survey results ..read more
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Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
Inman
by Matt Carter
13h ago
Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer's agents' commissions ..read more
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Land tells a story. Sell it with Land id: Tech Review
Inman
by Craig C. Rowe
13h ago
The web and mobile application offers users exceptionally in-depth information on the one global resource that can no longer be produced — land ..read more
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6 ways AI and blockchain will bring more deals to real estate agents
Inman
by Natalia Karayanev
13h ago
As the real estate industry continues to evolve, embracing the transformative potential of AI and blockchain technology to gain a competitive edge ..read more
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