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National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

by Phil Hall | Mar 15, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has agreed to a $418 million settlement that will resolve a series of lawsuits that challenged its rules on real estate broker commissions. The New York Times reported that it obtained a copy of the settlement, which will be...
Texas Attorney General Sues Real Estate Development for Fraudulent Practices

Texas Attorney General Sues Real Estate Development for Fraudulent Practices

by Phil Hall | Mar 14, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Texas Attorney General Ken Paxton has filed a lawsuit against Colony Ridge, a real estate development northeast of Houston, alleging that it engaged in deceptive trade practices and fraudulent real estate transactions. Paxton’s lawsuit stated Colony Ridge...
MCS Acquires Five Brothers Asset Management Solutions

MCS Acquires Five Brothers Asset Management Solutions

by Phil Hall | Mar 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

MCS, a Lewisville, Texas-based national property services company, has acquired property preservation company Five Brothers Asset Management Solutions. The Warren, Michigan-based Five Brothers will be integrated within MCS, with the combined entity offering property...
NYC’s Population Continues to Decline

NYC’s Population Continues to Decline

by Phil Hall | Mar 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Big Apple is getting smaller, based on new estimates from the U.S. Census Bureau. New York City’s population lost nearly 78,000 residents in 2023, according to a report in the New York Times. The year before, more than 126,000 residents moved out. Between April...
NAHREP Installs Nora Aguirre as 2024 President

NAHREP Installs Nora Aguirre as 2024 President

by Phil Hall | Mar 13, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Hispanic Real Estate Professionals (NAHREP) has announced the installation of Nora Aguirre as the organization’s 2024 President. Nora Aguirre is the founder and CEO of Aguirre Team at Century 21 Americana in Winchester, Nevada. She...
Construction Technology Firm Icon Debuts Suite of Automated Products

Construction Technology Firm Icon Debuts Suite of Automated Products

by Phil Hall | Mar 13, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

Icon, an Austin-based provider of construction technologies and large-scale 3D printing, announced a new suite of products and technologies designed to further automate residential construction. According to the company, the new product suite includes a robotic...
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