I keep having to write posts like this, about NAR, about REALTORs, and the state of the industry. Some of you think I’m picking on NAR, but some of you who have known me longer, have worked with me on a variety of projects, know that I do this out of love. I genuinely believe … Read more
Recently, the NAR Professional Standards Committee announced that it had forwarded a set of recommendations to the Board of Directors for a vote in November at the (virtual) NAR Annual Meetings: The NAR Professional Standards Committee met on October 5, 2020, to consider recommendations from its Interpretations and Procedures Advisory Board on the Code of … Read more
A couple of weeks ago, Judge Andrea Wood of the United States District Court for the Northern District of Illinois Eastern Division issued a memorandum opinion denying the defendants’ motion to dismiss in the all-important case of Moehrl v. NAR. You can find the opinion here. As many of you know, I’ve been interested in … Read more
[Editor’s Note: This article first appeared on Phillip Cantrell’s LinkedIn page. If you don’t know Phillip, and you have an interest in real estate, you should. I am reposting with his permission but you probably should at least follow the man on LinkedIn. His bio is below. The post has been very lightly edited for … Read more
By now, you have probably heard the news that Zillow launched a “residential brokerage”, will join the MLS, and use the MLS IDX feed to power its dominant website. Just at random, here’s one news story from The Real Deal covering the announcement: For years, Zillow denied it had plans to become a brokerage. But … Read more
So with the news that the rumors of a “merger” between Opendoor and Social Capital (IPOB) were in fact true, I thought a quick followup might be helpful, if not to you, then to me as I think through things by writing about them. It would be worthwhile for you to watch the presentation, especially … Read more
Just found out from a VIP reader (thank you!) that Opendoor is supposedly in merger talks (and by merger, it’s really an acquisition) with a specialized investment vehicle named Social Capital. The story from Business Insider: Opendoor, a property technology company, is in advanced talks to go public via a merger with Social Capital Hedosophia … Read more
Unless you’re in the MLS space of the residential real estate industry, you probably did not know that the MLS Standards Workgroup of the NAR MLS Technology and Emerging Issues Advisory Board released an Interim Report. In fact, you probably didn’t know that there was such a thing as a MLS Standards Workgroup. Well, there … Read more
Inman News has a couple of articles on the RE/MAX Broker Owner Conference going on right now. The first is on Dave Liniger, the founder of RE/MAX and first ballot Hall of Famer, giving advice on surviving recessions, and the second is on Nick Bailey, Chief Customer Officer, talking about how real estate is in … Read more