The newly named Real REMAX Group announced on Aug. 24 the successful completion of the previously announced business combination between The Real Brokerage Inc. (Real) and RE/MAX Holdings, Inc. (RE/MAX Holdings). The companies said in filings with the U.S. Securities and Exchange Commission that all customary closing conditions had been met.  Real’s common shares and…

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The National Association of Real Estate Brokers (NAREB) announced the winners of its Top 100 Black real estate professionals at the NAREB® Top 100 Realtist Royale, a celebration of Black excellence in the real estate Industry.  Among those awarded were individual brokers and agents, teams, residential brokerages, commercial brokerages and developers whose combined production surpassed…

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A dozen or so upper-level Fannie Mae employees were dismissed last week, according to various media sources, including the Wall Street Journal. All of the departures were said to be involuntary, with AI proficiency cited as a possible cause. The eliminated roles included core areas such as multifamily lending, capital markets, finance and regulatory affairs. …

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Homebuyers starting families have always come into the market with a checklist of needs and wants for their future home—number of bedrooms, bathrooms, yard, garage, etc. But they also often have needs and wants when it comes to location—walkability, schools, stores, etc. In a more affordability-challenged market over the past few years, these needs and…

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Michael Furino concedes that sometimes, he probably leaves money on the table. “I’m honest with people,” he says. “It probably costs me money once in a while because I’m not in their face and I’m not a hard sell.” But this is exactly what makes Furino successful in the long-run. In July, the top-producing founder…

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Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. eXp denied judgment ahead of trial, though Sanford scores win Judge Andre Birotte of the federal central district of California ruled late last week that a jury will decide whether eXp is liable…

The post Court Report: MLSs Object to Court-Ordered Data Sharing; Jury to Decide eXp Liability in Assault Case appeared first on RISMedia.

Minutes before a high-stakes trial was about to begin, the Federal Trade Commission (FTC) announced that Zillow has agreed to “unwind” its $100 million partnership with Redfin in the rental listing market, after it accused Zillow of an unlawful buy-out to decrease competition for rental listings. Redfin will be required to re-start its rental business…

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Editor’s note: after this story published, Zillow and Redfin struck an agreement with the FTC to avoid trial, amending or unwinding significant portions of their partnership. Read the full story here. At 10 a.m. Eastern Time on Monday, August 24, portal rivals Zillow and Redfin will face a judge in Virginia federal court, and defend…

The post Trial Begins in Zillow and Redfin FTC Lawsuit: Why it Matters appeared first on RISMedia.

Higher mortgage rates, rising construction costs and economic uncertainty pressured housing affordability to reverse course in Q2, after showing improvement in the prior three quarters, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Cost of Housing Index (CHI) for Q2 found that a family earning the nation’s…

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California Regional Multiple Listing Service (CRMLS) has announced the launch of REcore Workspace, a redesigned and customizable platform created to help real estate professionals access data, manage their business and move through their workflows with ease and efficiency.  Originally launched by CRMLS in 2023 as REcenterhub, the platform became the primary access point for users…

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