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Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

by Phil Hall | Jun 25, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A new data study is predicting more than three-quarters of brokerages could become unprofitable if the industry fails to transform their operations once the National Association of Realtors’ (NAR) settlement changes how commissions are structured. The study by...
Ex-Employee Sues NAR for Discrimination and Sexual Harassment

Ex-Employee Sues NAR for Discrimination and Sexual Harassment

by Phil Hall | Jun 21, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A former National Association of Realtors (NAR) employee filed a lawsuit against the trade group that claims she was fired and subjected to retaliation for complaining about discrimination and sexual harassment. Real Estate News reported Roshani Sheth, a NAR project...
Existing Home Sales Slip Despite Stronger Inventory

Existing Home Sales Slip Despite Stronger Inventory

by Phil Hall | Jun 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales dipped by 0.7% in May to a seasonally adjusted annual rate of 4.11 million, according to new data from the National Association of Realtors (NAR). Sales were down 2.8% from the 4.23 million recorded in May 2023. As the sales level slipped, prices...
NAR Cites June 18 Opt-In Deadline on Settlement Agreement

NAR Cites June 18 Opt-In Deadline on Settlement Agreement

by Phil Hall | Jun 17, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) published a reminder for certain brokerages of the June 18 deadline to opt into NAR’s Settlement Agreement resolving claims related to the Sitzer/Burnett case. According to NAR, brokerages with a residential transaction...
Pending Home Sales Slumped in April

Pending Home Sales Slumped in April

by Phil Hall | May 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales in April fell by 7.7%, according to data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI) decreased to 72.3 in April; an index of 100 is equal to the level of contract activity in 2001. On a year-over-year...
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