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Realtor.com CEO Wades into Debate Over Clear Cooperation Policy

Realtor.com CEO Wades into Debate Over Clear Cooperation Policy

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Realtor.com CEO Damian Eales has waded into the debate surrounding the National Association of Realtors’ (NAR) Clear Cooperation Policy, voicing support for the organization’s rules while belittling the private marketplace argument as being unsound and unethical....
New Jersey’s Historic Freehold Raceway is Sold, with Mixed-Use Development Planned

New Jersey’s Historic Freehold Raceway is Sold, with Mixed-Use Development Planned

by Phil Hall | Jun 16, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New Jersey’s Freehold Raceway, the nation’s oldest half-mile harness racing track, was acquired by Raceway RE Partners, which plans to demolish the landmark site. The financial terms of the acquisition were not disclosed – the Asbury Park Press reports the property...
Trump Organization Expands Into Mobile Phone Sector

Trump Organization Expands Into Mobile Phone Sector

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump Organization is expanding beyond its real estate focus with the launch of a mobile-phone service called Trump Mobile and plans to sell a US-built smartphone later this summer. The Wall Street Journal reports the mobile service would work with all three major...
Florida Realtors Education Foundation Allocates $233,000 in Scholarships

Florida Realtors Education Foundation Allocates $233,000 in Scholarships

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Florida Realtors Education Foundation Inc., the not-for-profit corporation established by the state realtor association, has awarded $233,000 in scholarships to help pay for higher education expenses for 217 students in the 2025-2026 school year. All recipients are...
Former loanDepot CEO Frank Martell Tapped to Run SmartRent

Former loanDepot CEO Frank Martell Tapped to Run SmartRent

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

SmartRent Inc. (NYSE: SMRT), the Scottsdale, Arizona-based provider of smart communities and smart operations solutions for the rental housing industry, has named Frank Martell as president and CEO, effective immediately. Most recently, Martell was president and CEO...
Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical homebuyer’s down payment in April was $62,468, according to a new data report from Redfin (NASDAQ: RDFN). This is a roughly 1% year-over-year drop and the first annual decline since the summer of 2023. In percentage terms, the typical homebuyer puts down...
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