In my post about the likely impact of the commission lawsuits against NAR and four corporations, I mentioned that I had a conflict of interest when it came to the issue of real estate auctions because I had been working on an auction-related initiative for a while. I had kept the initiative relatively quiet because … Read more
[NOTE: This is a VIP post, for subscribers only. However, given the importance of the topic, I’m going to make it open to all for a couple of weeks. Dumbass comments will be deleted since that’s one major benefit of VIP.] As promised, I thought I would recap and summarize my thoughts on what the … Read more
Judge Andrea Wood of the US District Court for the Northern District of Illinois just granted class certification to the plaintiffs in Moehrl v. NAR, the mega lawsuit dealing with real estate commissions. This apparently sent shockwaves throughout the real estate industry, which puzzles me a bit. But then again, I’ve been following this lawsuit … Read more
So last Friday, the Department of Justice formally filed an appeal of the trial court’s ruling in its fight against NAR with the US Court of Appeals for the DC Circuit. This was as obvious and as predictable as the sun rising in the East. I wrote about that in a special public VIP post … Read more
Yesterday, I wrote my first post in a while about the bank failures, government response, and the implications for real estate. In it, I wrote: Now, every depositor at every bank in the United States is guaranteed by the FDIC and that $250K limit simply does not exist in practice. So if you’re Roku, and … Read more
Writing has been very light. Who am I kidding? It’s been nonexistent. Part of it is that I’ve been very busy with projects, but the other part is that there really hasn’t been much of interest that I haven’t written about over and over before. Enjoy the silence, I figure. I break that silence because … Read more
I’ve been 100% heads-down on a project. But thought I’d take a moment to comment on the news that CoStar and News Corp are no longer in talks about Realtor.com. This is not a Q4 review; that still remains to be done, probably after all the reports as there have been very few worthy of … Read more
I’ve been thinking about this topic for a few years now, but felt motivated to write on it after reading Ryan Gorman’s Medium post announcing what he’s working on now with btcRE. Gorman as the former CEO of Coldwell Banker understands real estate better than most people, and yet… there was something I felt was … Read more
Since I posted my questions (really, more of a “I don’t get it”) about NAR’s victory in the NAR v. US lawsuit, I’ve gotten a few questions from brokerage CEOs and intelligent agents all over. More concerning are the victory laps being taken, and the idea that “The DOJ threat is now gone!” I beg … Read more