Tag: NAR
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Real Estate “Reset” in 2026? Redfin Thinks So; Here’s the Logic
In an article published this month, titled “Welcome to The Great Housing Reset,” Chen Zhao and Daryl Fairweather of Redfin write, “Next year will mark the beginning of a long, slow recovery for the housing market. The Great Housing Reset will take shape in 2026.” Significantly, Redfin predicts that incomes will rise faster than home…
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Real Estate Update: Housing Agencies, States Suffer “Staggering” Blows in Shutdown
The U.S. federal government has been shut down for three weeks now. The impact on everyday life for many has been serious. What might not be obvious is the impact on federal housing agencies and state-based real estate industries. Sellers and buyers are feeling the effects as well. In some states, the impacts are outsized…
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Will NAR’s Speech Code Be Shot Down in Texas?
Recently, a notable opinion column ran in Real Estate News. Ryan Weyandt, a real estate consultant, wrote: “There’s no place for hate speech in real estate.” That’s also the view of the National Association of REALTORS® (NAR), which in 2020 etched this position into its formal Code of Ethics, binding NAR’s agents. Why is this…
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Seller-Paid Agent Commissions Are Over in August. How Will Buying Homes Change?
Effective August 17, sellers won’t have to agree to pay both sides’ commissions up front when they list their homes for sale. And agents can no longer communicate “offers of compensation” to other agents through their local Multiple Listing Services. August will mark “a time of adjustment,” says Kevin Sears, who recently took the role…
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Legal Update: NAR’s Ready to Settle Its Lawsuit. Here’s What Home Sellers and Buyers Stand to Gain.
Sellers could soon be spending less to sell their homes. This month, after previously vowing to fight, the National Association of REALTORS® (NAR) gave in and made a major change, in order to release itself from lawsuits. NAR and several brokerages were claimed to have colluded to keep agent commissions high. But soon, if a…
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Now They Want a New Trial. Could NAR Ever Drop Its “Clear Cooperation” Policy?
There’s a rule most people follow in the residential real estate world. You’re likely familiar with it. The seller covers the agent fees for both sides of the deal. The seller’s and the buyer’s agents typically split 5% or 6% between the two. Of course, the home buyer ultimately pays for it all — as…
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REALTORS® Reel From Burnett v. NAR Verdict
Bombshell Verdict Promises to Transform Home Sale Deals At the end of October, a federal jury in Kansas City found some of the largest U.S. real estate players liable for inflating agent commissions. The National Association of REALTORS® (NAR) and several large brokerages colluded to set commissions, the jury found. The verdict in the Sitzer/Burnett…
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And the Winner Is… NAR’s AI Contest “Homes In” on Phone Call Tech
The National Association of Realtors® (NAR) is on the hunt for “the next big thing in real estate tech,” says Bob Goldberg, the group’s CEO. Last month, in our update on artificial intelligence for home searches, we saw NAR advertising a contest to showcase the best uses it could find for artificial intelligence in real…
