Opinion
Agents industrywide are tempted to give NAR the cold shoulder, but coach Darryl Davis says that is not the solution to fix the major problems at hand
The company is the latest of several to step away from the National Association of Realtors, which has suffered both a scandal and legal defeats in recent months
The trade group's attorney says NAR is 'still analyzing' the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a 'different case' that will likely go to trial in Q4 2024
Existing sales fell 4.1% in October to an annual rate of 3.79M, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said
The trade group installed its 2024 leadership during its annual NAR NXT conference. Kasper started her term 3 months early, after the resignation of former president Kenny Parcell
At a Friday board meeting, a member of NAR's board of directors predicted 'less authority' in 2024 as the embattled trade group's growing Executive Committee shoulders more responsibility
The National Association of Realtors and Keller Williams have hired former US solicitors general to help them beat back the multibillion-dollar verdict
At a forum for reps of 50 large brokerage firms, The Realty Alliance CEO Craig Cheatham asked why the nearly 1.6M-member trade group can't use its political influence for an 'existential threat'
The National Association of Realtors laid out its arguments to overturn the ruling Tuesday. The plaintiffs' attorney said if the trade group doesn't change, it risks an injunction and DOJ wrath
The National Association of Realtors' legal team on Monday blamed the ruling on the judge. The plaintiffs' attorney, meanwhile, said NAR hadn't 'learned anything' from its 'resounding defeat'
The National Association of Realtors' NAR NXT Conference is gearing up for a week in Anaheim, Calif. Here's a rundown of the schedule plus the sessions and events you can't afford to miss
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases
A new commission lawsuit filed Monday seeking class-action status alleges sellers encountered 'illogical, harmful, irrational and anticompetitive effects' of NAR's cooperative compensation rule
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
Some NAR staffers and members had called for Gland's resignation, alleging she allowed a toxic work environment to flourish unchecked while protecting wrongdoing at the top
In a 5-minute video posted online Wednesday, NAR President Tracy Kasper urged Realtors to be transparent about commission negotiations as NAR gears up for a long legal battle ahead
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
At 32, the RealiFi Realty co-founder and CEO is the youngest president in the organization's history. Tian is a broker-owner in LA and was selected as a NAR '30 under 30' honoree in 2017
Goldberg had been set to leave at the end of 2024, but will now step down this month. His departure comes on the heels of a harassment scandal at the trade organization
Jurors in the 2-week commission trial shocked the real estate industry Tuesday, awarding an astonishing $5.36B in damages to homesellers after deliberating for 2 hours and 28 minutes
In a final push on Monday, attorneys for real estate franchisors and the National Association of Realtors argued that homesellers in the case failed to prove a conspiracy to inflate commissions
Keller Williams co-founder Gary Keller provided lengthy testimony Friday as the defense wrapped up a case to be decided by a Kansas City jury later this week
The Pending Home Sales Index, representing the number of homes that went under contract, rose 1.1% between September and August
New legal filings propose that MLS PIN class members from the Nosalek lawsuit be included in the 'substantive terms' of the Sitzer/Burnett and Moehrl settlements with Anywhere and RE/MAX
Plaintiffs’ attorney Michael Ketchmark played a video of a Tom Ferry interview with Allan Dalton of Berkshire Hathaway HomeServices that drew objections and threatened to derail proceedings
Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri
The plaintiffs in a class action antitrust suit challenging the industry’s commission structure took to the stand to make the case that the practice of homesellers paying buyer agents is 'unfair'
As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures
On Day 2 of witness testimony Wednesday, attorney Michael Ketchmark narrowed in on training materials and presentation slides he alleged violated antitrust policies held by the defendants
The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers' agents received less attention and took longer to sell
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30% as a result of ongoing threats to the real estate industry
The long-awaited Sitzer|Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more
The allegations, the high-profile witnesses slated to testify and all the evidence the jury will and won't see — it's all here as the long-awaited Sitzer | Burnett commission trial unfolds this week
Next week's long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate's most powerful trade organization as it navigates a series of existential challenges
In announcing details of its settlement in the bombshell commission suits, the franchisor said agents and brokerages 'have the freedom to set and/or negotiate commissions as they see fit'
Among the proposed changes, Anywhere said its company-owned brokerages, franchisees and affiliated agents will no longer be required to belong to the National Association of Realtors
An attorney for the Sitzer/Burnett homeseller plaintiffs calls the change a 'stunning admission of guilt' on the eve of a class-action trial set to start Oct. 16
Amidst an industry in turmoil, the real estate female empowerment and advocacy organization has launched a new campaign to 'spur action on behalf of women in real estate'
CoStar CEO Andy Florance dished with Intel about the commission lawsuits, Zillow and NAR as Homes.com nabbed 100M unique visitors for the first time ever in September
The Department of Justice's antitrust division on Thursday requested a 2-month deadline extension to review a proposed deal between homesellers and MLS PIN, a broker-owned multiple listing service
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR's harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships
A federal judge struck down charges that defendants conspired to 'fix,' 'maintain' and 'increase' prices for buyer brokerage services, but allowed claims they sought to 'control' prices to proceed
The Pending Home Sales Index dipped 7.1% to a measure of 71.8 between July and August, according to data from the National Association of Realtors
Coupled with findings of an internal investigation made public this month, the memo addressed to Donna Gland reveals NAR was aware of a 'hostile, toxic work environment' as early as March 2022
Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held steady in the Northeast and rose in the Midwest
Open houses have been on the decline for decades, with a typical seller hosting just 1 open house before a sale. But an Intel review of data shows a downturn could breathe new life into the practice
Employees of the trade group demanded the departures of NAR CEO Bob Goldberg, President Tracy Kasper, Chief Legal Officer Katie Johnson and head of HR Donna Gland on Monday
A rally at NAR headquarters in Chicago drew few Realtors on Monday, but organizers at the NAR Accountability Project declared a win nonetheless after NAR lost its 'Great Place to Work' merit
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including 'no longer forcing homesellers to pay buyer’s agents'
Judge Patti Saris preliminarily approved the deal after settlement fund restructuring. The case could provide a sneak peek at broader changes pending bombshell commission suit outcomes
This week: Anywhere has settled its portion of the bombshell commission lawsuit, so who's next?
A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of 'creepy' and 'disrespectful' behavior long before the Brevard lawsuit
Opinion
Amid massive leadership challenges, trainer and DEI expert Dr. Lee Davenport takes a deeper look at the 'we' in NAR's 'That's who we R' slogan and what it means to be a Realtor right now
New cast member, new Cabo office and plenty of new luxury listings — the STOC cast tells Inman this season will be bigger, better and beefier
National Association of Realtors President Tracy Kasper released the 5-minute video on Thursday outlining the organization's plan to address sexual misconduct charges and rebuild broken trust
Pocket listings are positively overflowing nearly 4 years after the National Association of Realtors enacted its controversial Clear Cooperation policy to end them, a new Intel analysis shows
The company agreed to resolve the claims against it for $83.5M. Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to 'change its practices'
Realtors are cancelling memberships, hounding local boards and organizing petition drives days after NAR resisted calls Thursday to censure Bob Goldberg for his handling of misconduct claims
Opinion
President and CEO of Anywhere Brands Sue Yannaccone writes that this is the time for leaders to find and use their voices so that the industry reflects the values it promotes
Joseph Wihbey, Productive.ai's COO and head of product, took a different approach than everyone else in his pitch: he simulated a phone call with a potential client to show what the tool can do
Opinion
The Realty Alliance CEO Craig Cheatham illuminates the frequently byzantine path many Realtors follow on their journey up the National Association of Realtors's formidable org chart
Real estate professionals are preparing for painful changes and the upending of the status quo if courts rule in favor of plaintiffs in 2 key suits, a survey on commissions conducted by Intel shows
Opinion
As the industry reels from The New York Times investigation into harassment at the National Association of Realtors, Bernice Ross pored over the ever-changing response to the scandal
In the wake of scandal within the National Association of Realtors, Inman asked 'Pulse' readers last month, 'What should happen next at NAR?' They responded with anger and grandiloquence
Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members
Opinion
Debra Kamin's New York Times exposé details a culture of harassment, intimidation and denial at the National Association of Realtors
Opinion
In the days leading up to the Times exposé, NAR laid a virtual bread-crumb trail for digital damage control around the topic of sexual harassment
In interviews with 29 current and former NAR employees and leaders, including 19 who said they endured sexual harassment on the job, The New York Times described wrongdoing running not only through the trade organization but the subsidiaries and boards its executives currently sit on
The National Association of Realtors filed 4 requests in the US District Court in Western Missouri on Thursday involving commission rule changes, government investigations and discrimination
Most local associations maintain fewer than 2 years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR's inaugural Association Profile
Despite the ruling, Zillow said it looks forward to presenting its case to a jury and is 'confident that the evidence will show that REX’s business failed for reasons unrelated to Zillow'
California-based agent Janet Roberson told Inman a Compass team leader dismissed her after her controversial testimony at a school board meeting in April
A pair of explosive lawsuits could upend how brokers do business. As those suits come closer to trial, tell us how you feel about those cases and how prepared the industry is for the repercussions
Judge Thomas Zilly on Wednesday tossed antitrust claims against NAR and Zillow, saying REX had failed to prove the parties had agreed to work together to disadvantage non-MLS listings on Zillow
The antitrust enforcer argued NAR's pocket listing and commission rules need 'to be assessed on their merits' on whether they cost American homebuyers billions of dollars a year
Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most US markets, it didn't feel that way
Judge Patti Saris, of the US District Court in Massachusetts, said she 'loved' the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs
An Intel analysis of the National Association of Realtors' nonprofit tax filings between 2004 and 2021 reveals just how much the trade group pays its top executives and leadership team
Highnote, Instacard and ListAssist are among the startups the National Association of Realtors has tapped for its annual 'Pitch Battle' later this month in Miami, according to an announcement
At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference
At Inman Connect Las Vegas, real estate broker and attorney Kendall Bonner urged the industry to be proactive instead of waiting to be legally 'bullied' into change
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
A rising tide of economists are backing away from early forecasts that the US is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead
The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of 2 highly anticipated bombshell commission trials later this year
The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs
In a 'friend of the court' brief, the Chamber said the government should have to keep its promise to not investigate the National Association of Realtors' commission and pocket listing policies
Homes under contract inched up 0.3% between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors
In a new brief, NAR claims the DOJ's argument for resuming its probe would 'destabilize the law.' The agency has sought to overturn an earlier ruling that quashed a request for more information
With sales down and inventory low, agents are combing social media, calling expireds and seeking out people with major life milestones. In other words, they're meeting the moment with creativity
Starting Aug. 9, the nation's 2nd-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright
The real estate broker behind the provocative new account spoke to Inman on the condition of anonymity about his campaign to pressure NAR to enforce its own anti-hate speech policies
Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday
The Sitzer/Burnett antitrust case is set to begin Oct. 16 but could be moved to February. The court denied the franchisor's request to change the date because it conflicts with KW's Family Reunion
Agents with 5 or fewer sales a year took in an estimated 25-30% of all commission income in 3 disparate markets, according to an analysis of MLS data by the Consumer Federation of America
Janelle Brevard initially sued the National Association of Realtors, claiming her firing was a form of harassment and retaliation. The case ended Thursday, though many questions still remain
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
Homesellers plan to use funds from MLS PIN, the largest multiple listing service in New England, to continue antitrust litigation against Anywhere, Keller Williams, RE/MAX and HomeServices
Opinion
As the National Association of Realtors doubles down to support bad behavior in its leadership, women see the organization's response as part of a larger problem endemic to the industry
The National Association of Realtors tapped an independent law firm to investigate sexual and racial harassment allegations, ultimately choosing to 'reject' claims made by a former employee
Sales of pending homes declined 2.7% in May and were down 22.2% from a year ago, but the Northeast saw a 12.9% increase, according to new data from the National Association of Realtors
The suit claims NAR fired a Black employee after she broke off a relationship with then-president-elect Kenny Parcell. NAR said it rejects the claims
Applications to become the 1.5M-member trade group's 13th chief executive will be accepted through July 31, the National Association of Realtors announced
Goldberg's contract will expire on Dec. 31, and the executive plans to retire after 3 decades at NAR and 4 decades in real estate, according to the National Association of Realtors
Opinion
In response to an Inman column Tuesday questioning the National Association of Realtors' response to discriminatory practices, NAR CEO Bob Goldberg defended the group's track record
The US needs to not just build more new homes, but build more new homes that are affordable to most people, according to a new report from the National Association of Realtors and Realtor.com
The US Department of Justice wants 'to resume its consequential investigation of conduct that affects over $100 billion in broker fees paid by Americans annually,' according to an appeal
If the parties don't settle, expect a lengthy trial for the Moehrl homesellers' case against NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America
A federal appeals court on Wednesday denied a request from NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America to overturn class certification in the Moehrl lawsuit
NAR numbers show that, while most regions of the country saw month-over-month gains, pending home sales in the Northeast pulled down the national average
The organization's membership was down 0.66% in April compared to a year earlier. NAR thinks the numbers may fall even further
Each week on The Download, take a deeper look at the top-read stories of the week so you can meet Monday head-on. This week: NAR's new Realtor safety proposal
Economic headwinds and booming interest rates pushed sales down by 3.4% in April as inventory soared 7.2% above March, according to National Association of Realtors data released Thursday
From voting to raise membership dues to requiring fair housing training to learning best practices for artificial intelligence, Realtors are steering their own fate in the industry
At the Realtors Legislative Meetings, NAR attorney Charlie Lee stressed agents can't count on a 'standard' commission and will have to negotiate compensation with clients and listing brokers
At the National Association of Realtors' midyear conference, a committee on Realtor safety suggested adding MLS data fields to signal hazards such as bad cell service and limited visibility
The Pitch Battle offers real estate technology startups the opportunity to showcase their tech to industry-leading investors for the chance to win $15,000
Members will be required to complete 2 hours of fair housing training every 3 years beginning in 2025 following a vote Thursday by the National Association of Realtors' board of directors
The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4% to $156 next year
At NAR's midyear conference, Senior Counsel Chloe Hecht offered best practices to help navigate artificial intelligence without running afoul of copyright law or the Realtor Code of Ethics
At the Realtors Legislative Meetings' Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024
The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5M members to complete 2 hours of fair housing training every 3 years beginning in 2025
Sixty thousand South Florida agents and brokers will be able to provide buyers and sellers with self-branded online homeowner portals, the Miami Association of Realtors announced Tuesday
To cover an expected budget deficit, the National Association of Realtors' Finance Committee has proposed aligning dues with the Consumer Price Index, increasing the likelihood of annual hikes
Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday
The Realtors Legislative Meetings will run May 6-11 and some sessions will be live-streamed for National Association of Realtors members. Here's everything to look for as the conference starts
An Inman analysis of NAR data on residential sustainability over the past 7 years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA walkout and others before it can have a palpable impact on the real estate industry
Since the accelerator launched a decade ago, 80 companies have graduated from the program, an Intel analysis shows. More than 75% are still in business and about 20% have been acquired
The Pending Home Sales Index dropped by 5.2% in March to a reading of 78.9 — 23.2% lower than March 2022 levels, according to data released by the National Association of Realtors
Existing-home sales fell 2.4% in March to a seasonally adjusted annual rate of 4.44M — 22% lower than a year earlier, according to data released Thursday by the National Association of Realtors
Flock, HighNote, Plus Platform, Prisidio, Real Grader, Summer and Tongo are the 11th class to participate in Second Century Ventures' REACH program, according to an announcement Tuesday
In the wake of increasing anti-LGBTQ+ legislation in Texas, the LGBTQ+ Real Estate Alliance has called Texas Realtors and TREPAC to evaluate political candidates' credibility
Although home staging can be a valuable tool in your marketing arsenal, it can’t do everything. Here’s the latest from NAR’s 2023 staging survey
REdistribute aims to aggregate and distribute data for MLSs and participating brokers, sell it to institutions — including government-sponsored entities — and share the revenue with brokers
The National Association of Realtors' 2023 Profile of Home Staging reveals a quarter of all staging efforts yield additional profits of up to $18,935 for a median-priced home
From 'NAR is toast' to 'don't make any rash decisions,' real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday
All real estate agents are not created equal. There are different types of agents just as there are different types of transactions and many different areas of specialization
A judge on Wednesday granted class certification in a federal commission suit that could rock the real estate industry and impact how agents are compensated nationwide
The antitrust enforcer wants a higher court to overturn a ruling that limits its investigation into the Realtor trade group's Participation Rule and Clear Cooperation Policy
Private indices show that rent peaked in early 2022. But the impact of the rapid increase in rent could still show up in inflation readings for months, economists told Inman
Baby boomers have long enjoyed advantages over millennials in the home market. Now, they outnumber them, according to data released Tuesday by the National Association of Realtors
Jarret Willis, a Black agent who worked at the Hamptons-based luxury brokerage, was smeared by epithets, including 'Jafar' in reference to the 'Aladdin' Disney movie, a white colleague claims
Existing-home sales surged 14.5% in February, reversing a yearlong trend of falling transactions from one month to the next, according to data Tuesday by the National Association of Realtors
In an amicus brief the antitrust enforcer argues that a lower court incorrectly tossed a case filed by Top Agent Network over the National Association of Realtors' pocket listing policy
Wauhob, who leads a 7-agent team for Better Homes and Gardens Real Estate Gary Greene in Houston, will take up the role of VP of association affairs following the death of Margo Wheeler
The National Association of Realtors said increasing the nation's inventory is 1 solution to address homeownership gap. The trade group is eying 3M net new Black homeowners by 2030
The Pending Home Sales Index jumped 8.1% to a reading of 82.5 in January before mortgage rates began another climb, according to data released Monday by the National Association of Realtors
The campaign's core message this year is 'here for it all' with the aim of showing how the nation's more than 1.5 M Realtors work to make the dream of property ownership a reality
US existing-home sales slid 0.7% between December and January to a seasonally adjusted annual rate of 4M, according to new data released Tuesday by the National Association of Realtors
Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined
The Canadian Real Estate Association, which owns and controls Canada's most popular listing site, is spinning it off into a tech startup. Ex-CREA Chair Cliff Stevenson shared what's in store
Existing-home sales prices increased in nearly 90% of metro areas, but gains were smaller than the previous quarter, according to data released Thursday by the National Association of Realtors
California Regional MLS teams up with investee Styldod to improve handling of listing photos and rule violations and to someday provide revenue back to agents and the MLS for their data
Economic downturns have historically shrunk the number of practicing Realtors. But those who stick around can end up doing even more deals, economists told Inman Intel
Agents and brokers who spoke to Inman following the ruling in favor of NAR disagreed on who is 'overreaching' in the case and on whether changes to the controversial rules are necessary
In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5% from November
District court judge sets aside US Department of Justice 2021 demand for information from the National Association of Realtors on buyer broker commission and pocket listing rules
Existing-home sales fell 1.5% nationally between November and December while plunging 34% from December 2021, according to data released Friday by the National Association of Realtors
National Association of Realtors' membership edged ever closer to 1.6M in 2022 but the trade group expects a drop this year, according to data provided to Inman
The nation's highest court will not be weighing in on whether the real estate trade group's Clear Cooperation Policy violates antitrust laws. The case proceeds in a lower court
Sales of existing homes in November fell 7.7% to a seasonally adjusted annual rate of 4.09M, according to data released Wednesday by the National Association of Realtors
The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America
Turner is a former entrepreneur in residence for NAR venture capital arm Second Century Ventures and a co-founder of Realtor association management platform Tangilla
In a new brief, the former pocket listing service argues NAR limited competition to its Realtor-affiliated MLSs 'by conspiring to destroy the livelihood of any dissenting real estate agent'
The National Association of Realtors' venture capital arm Second Century Ventures runs REACH, which debuted in 2012 and has invested in more than 200 startups over the years