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NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict

by Phil Hall | Jan 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) and the residential brokerages that were found liable in October for a $1.8 billion verdict in the Missouri-based Sitzer/Burnett trial have asked a federal judge to either reject the verdict or grant a new trial. According to...
Tracy Kasper Resigns as NAR President Following Attempted Blackmail Attack

Tracy Kasper Resigns as NAR President Following Attempted Blackmail Attack

by Phil Hall | Jan 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) announced that Tracy Kasper resigned as its 2024 President after being targeted in a blackmail attack. NAR issued a statement that Kasper “recently received a threat to disclose a past personal, non-financial matter unless...
NAR Records 1.67% Year-Over-Year Decline in Membership

NAR Records 1.67% Year-Over-Year Decline in Membership

by Phil Hall | Jan 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) ended 2023 with 26,367 fewer members, a 1.67% year-over-year. According to its latest membership report, NAR had 1,554,604 members as of Dec. 31, 2023 – on that day in 2022, the organization had 1,580,971 members, which was...
Pending Home Sales Activity Remains Unchanged

Pending Home Sales Activity Remains Unchanged

by Phil Hall | Dec 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of pending home sales in November was unchanged from October and down by 5.2% from one year earlier, according to the National Association of Realtors (NAR). NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings...
NAR Records 1.67% Year-Over-Year Decline in Membership

Efforts Underway to Create Organization to Challenge National Association of Realtors

by Phil Hall | Dec 27, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

As the National Association of Realtors (NAR) rings out its problem-plagued year, there is a report of two new endeavors to create a national-level trade association for real estate professionals. The New York Times reported Jason Haber, a Compass real estate broker...
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