I had heard that CMLS had retained two former DOJ and FTC attorneys to help them draft a white paper laying out all of the reasons why the MLS is a force for good in the world, and Inman News published confirmation in this story: In order to do this, Batts and Carson are working … Read more
It appears that Opendoor has preemptively caved in to the Federal Trade Commission, agreeing to a consent order. As is usually the case, the Complaint was filed along with the Consent Order agreement earlier today. I initially thought, “Oh wow, this is bad for Opendoor.” Then I read the Complaint and the Consent Order, and … Read more
I promised a Part 2 where I would treat the subject of regulation, which I think is the real Big Guns of the upcoming war between the United States and NAR. If you missed Part 1, where I dig into why the US DOJ pulled out of a settlement with NAR (which it has never … Read more
Boy, some things are happening this week. Last night, I saw that NAR had filed its response in the form of a motion to dismiss the Moehrl v. NAR case. That was entirely expected, and now that I have a copy of the filing (Thanks Jay Thompson!) I can look at what the theory of … Read more
I’m deep into writing the October Red Dot, but Andrew Flachner of RealScout sent me a personal email this morning with his Open Letter to the industry attached. He’s spoken to me before about this initiative, and asked if I would write about it. Well, the Open Letter is now published, and Inman News has … Read more
I got a heads-up from a source, which then led me to investigate further, and… unless there’s something I am missing, the NAR Code of Ethics is (probably, in all likelihood) illegal as it stands today. It will need to be rewritten. News from federal regulators rarely make the front page. In fact, they rarely … Read more
In Part One, we congratulated Ernie Graham and his team at SocialBios for getting acquired. I hope he picked out a nice Lamborghini Reventon in taxicab yellow. The second Curious Thing that came about just as Move was announcing its acquisition of SocialBios was the confluence of two seemingly unrelated things. Making sense out of … Read more