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September 2019

Realogy sues Compass, accuses it of theft — In a complaint filed in state court in New York, Realogy, the nation’s largest brokerage, accuses Compass of “unfair business practices and illegal schemes to gain market share at all costs and to damage, or even eliminate, competition.” ...

Co-living trend takes hold in pricey cities — First came co-working. Now shared living spaces are attracting tenants in pricey cities such as New York, San Francisco, Seattle, and Washington, DC. Read Cushman & Wakefield’s report on co-living. ...

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Lawsuit Claims “Conspiracy” Keeps Commissions Artificially High

July 25, 2019
A Minnesota company has filed two lawsuits accusing the real estate industry’s biggest players of illegally conspiring to maintain high fees for buyers’ agents. The suits, filed in federal court in Chicago, name as defendants the National Association of Realtors, Realogy, HomeServices of America, RE/MAX, and Keller Williams. In recent years, much of the competition…To read more — login/sign up

 

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August 2019

Realtor association revenue, executive pay on the rise — The nation’s 60 largest Realtor organizations pulled in more than $700 million in revenue in 2017, and they paid their CEOs more than $23 million. View interactive graphics showing revenue and compensation. ...

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Do Open Houses Sell Homes?

July 12, 2019
The conventional wisdom in real estate holds that an open house is a nearly useless marketing tool, at least when it comes to moving the property that’s being shown. But a new report from Redfin might poke holes in that long-held assumption, or at least add some regional nuance. The Seattle-based brokerage analyzed nationwide transactions…To read more — login/sign up

 

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July 2019

Lawsuit claims “conspiracy” keeps commissions artificially high —  A Minnesota company has filed two lawsuits accusing the real estate industry’s biggest players of illegally conspiring to maintain high fees for buyers’ agents. Read the federal complaint against the National Association of Realtors, Realogy, HomeServices of America, RE/MAX, and Keller Williams....

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Lawsuits Illustrate New Legal Risks from Marketing by Text Message

June 13, 2019
Realogy Corp. and two brokerages in Florida are defending themselves against potentially costly allegations that, in the course of marketing homes, their agents sent text messages in a manner that broke federal law. The Telephone Consumer Protection Act (TCPA) prohibits sending text messages using auto dialers without first getting consumer consent and giving the consumer…To read more — login/sign up

 

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