Texas @properties Christie’s International Real Estate Affiliate Expands
Above, Mike Hoover. Texas real estate brokerage @properties Lone Star Christie’s International Real Estate has announced it is expanding into Fort Worth, bringing on former Monument and Sotheby’s office leader Michael Hoover as regional vice president to run brokerage operations for the new office. This will mark the third office in the Metroplex for the…
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Mortgage Applications Down in High-Rate Environment
After a couple of weeks of increases, mortgage applications fell 2.7% from last week’s increase of 3.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending April 19, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7% on…
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FTC Votes to Ban Employee Noncompete Clauses
On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted to ban noncompete clauses—language in employment contracts that prevents departed employees from working for competitors after a set period of time. The ruling not only bans new noncompete clauses from being signed, but would void existing ones—however, there is an exception to noncompete clauses…
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Power Brokers, One-on-One: Part 1
Editor’s Note: The Top 1,000 brokerage firms for the 2024 Power Broker Report ranked by sales volume and transactions are available to Premier members here. The Power Broker interviews interviews feature heads and leaders within some of the top brokerages of the list sharing their insights for success in real estate. Check back soon for…
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Legacy Portals Will Be “Stressed” by NAR Settlement, CoStar CEO Claims
Pushing forward with his own unique take on portal monetization, CoStar CEO Andy Florance said on a recent earnings call he believes incumbents like Zillow, realtor.com® and Redfin are facing major headwinds from changes agreed to by the National Association of REALTORS® (NAR) as part of a recent lawsuit settlement. “With recent seismic legal settlements…
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@properties and Realty ONE Group Settle Commission Lawsuits
The parent company of @properties and Christie’s International Real Estate today became the latest brokerage to settle seller commission lawsuits, according to court filings, and also the first independent to do so. At the same time, Realty ONE Group indicated it had reached an agreement to end litigation by sellers. The @properties and Christie’s International…
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Percy.AI Appoints Lisa Larson as Chief Strategy Officer
Percy.ai—a leader in data intelligence and fintech marketing for the real estate and mortgage sectors—has announced the appointment of Lisa Larson as its new Chief Strategy Officer. With over two decades of expertise in real estate property technology across North America, Larson will spearhead the development of AI and Machine Learning strategies and manage the…
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Better Homes and Gardens Real Estate Announces Renewal of Atlanta Brokerage
Above, Kevin Levent Better Homes and Gardens Real Estate LLC announced today the 10-year renewal of Better Homes and Gardens Real Estate Metro Brokers in Atlanta, Georgia. Established in 1979, Better Homes and Gardens Real Estate stated that Metro Brokers has expanded to 27 locations and more than 2,400 real estate agents. In 2023, under the…
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RE/MAX Predicts Healthy Homebuying Summer as Inventory Grows
RE/MAX has published its latest housing report, offering key market insights on both a national level and among key metro areas. Key details: Home sales increased 21.6% month over month, from February to March 2024. However, this is a noticeably smaller increase in sales than in March 2023 (37.7%) and March 2022 (33.2%). The…
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Webinar Recap: How to Diversify Strategies to Break Barriers and Expand Business in a Post-Burnett World
In the latest RISMedia webinar—“How to Diversify Strategies That Break Barriers and Expand Business in a Post-Burnett World”—high-level industry leaders discuss how the real estate industry can and must change after the class-action commission lawsuits. The webinar was moderated by Charlie Oppler, CEO of Prominent Properties Sotheby’s International Realty and former National Association of REALTORS®…
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