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New Lawsuit Hits NAR, Other Groups Over ‘Forced Membership Requirement’

USA Real Estate News-RISMedia - Tue, 2024-10-22 11:17

In a lawsuit filed October 16 in the U.S. District Court in Eastern Pennsylvania, broker Maurice Muhammad, representing himself, is suing the National Association of REALTORS® (NAR), the Pennsylvania Association of REALTORS® and the Greater Lehigh Valley MLS (GLVMLS) for $5.6 million over the requirement that he become a REALTOR® in order to be able…

The post New Lawsuit Hits NAR, Other Groups Over ‘Forced Membership Requirement’ appeared first on RISMedia.

Homebuyer Dreams, Macaroni and Cheese: What Is the AI ‘Recipe’ of the Future?

USA Real Estate News-RISMedia - Tue, 2024-10-22 11:10

From left, Shelly Vincent, Laura O’Connor, Dan Troup, Shaleen Khatod and moderator Dave Garland. Photo by AJ Canaria.  It isn’t as shiny and new as it was a couple years ago, when ChatGPT took the world by storm, but AI, or large language models, are still highly influential and fast-evolving pieces of technology that real…

The post Homebuyer Dreams, Macaroni and Cheese: What Is the AI ‘Recipe’ of the Future? appeared first on RISMedia.

Threat of Wildfire Balloons Insurance Costs, Shifts Markets Out West

USA Real Estate News-RISMedia - Tue, 2024-10-22 11:05

How will the threat of wildfires affect real estate businesses in the western portion of the United States? The answer to the question differs from market to market, even within certain states. California, for example, sees different measures being taken by region. A recent CoreLogic report detailed that as of July 15, 2024, more than…

The post Threat of Wildfire Balloons Insurance Costs, Shifts Markets Out West appeared first on RISMedia.

Median down payment slides $2,400 as affordability improves

USA Real Estate News-Inman - Tue, 2024-10-22 10:04
Moderating mortgage rates and lessening buyer competition have pushed the U.S. median down payment down 7.33 percent over the past year, according to Realtor.com.

The real estate industry is more politically split than you think

USA Real Estate News-Inman - Tue, 2024-10-22 04:00
Amid a tumultuous year for the real estate industry, Realtors have donated millions to political causes — and Democrats have managed to collect more than Republicans from the industry's rank and file.

Brokers, you’re accountable for your agents’ behavior

USA Real Estate News-Inman - Tue, 2024-10-22 04:00
With more supervision layers required due to NAR's settlement, consider these tasks, policy ideas and suggestions when updating your systems, compliance expert Summer Goralik writes.

The new redlining: Paying a buyer agent is just part of the challenge

USA Real Estate News-Inman - Tue, 2024-10-22 03:34
Now that buyer agency compensation rules are in place, Trina Gonzales-Van writes, the NAR, regulatory bodies and significant stakeholders must consider their impact on borrowers and determine whether these policies do more harm than good.

8 tips for preparing your first real estate agent business plan

USA Real Estate News-Inman - Tue, 2024-10-22 03:00
A well-prepared business plan, Darryl Davis writes, will help you set a clear direction, stay focused and increase your chances of success.

Pacaso fundraising campaign continues apace despite critique

USA Real Estate News-Inman - Tue, 2024-10-22 03:00
The campaign's transparency was questioned following a decision to post "cumulative" financials instead of annualized profits in a pitch sent to investors that drew fire from an industry analyst.
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