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Hits and Misses for the Real Estate Week of Jan. 8-12

Hits and Misses for the Real Estate Week of Jan. 8-12

by Phil Hall | Jan 12, 2024 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An unexpected exit from NAR’s leadership, a pushback to a controversial verdict and loan modification victims getting minimal justice. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Jan. 8-12. Miss: An Abrupt Departure. The...
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...
Another Missouri Lawsuit Takes Aim at Brokers’ Commissions

Another Missouri Lawsuit Takes Aim at Brokers’ Commissions

by Phil Hall | Jan 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Two months after the verdict in the Sitzer/Burnett trial rocked the real estate profession, another lawsuit was filed in Missouri challenging the commission structures of real estate professionals. Maryland resident named Daniel Umpa filed a complaint in the U.S....
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