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In the wake of the National Association of REALTORS®’ (NAR) settlement and practice changes that went into effect on August 17—including the removal of compensation offers from Multiple Listing Services (MLSs) and requiring MLS participants to enter into written agreements with buyers—real estate leaders are still learning the full effect these practice changes will have…
The post Transparency and Consumer Education: Industry Execs Navigate Changes After August 17 appeared first on RISMedia.
RealPage, a software and property management company which uses algorithms and data sharing to recommend pricing to landlords, claimed that a Department of Justice (DOJ) antitrust inquiry that focused broadly on algorithmic pricing practices in real estate has been closed, though it was not immediately clear how this would affect separate civil lawsuits against RealPage…
The post DOJ Ends Criminal Investigation Into Algorithmic Price-Fixing in Rental Markets appeared first on RISMedia.
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Appeals filed to derail NAR settlement Following Judge Stephen R. Bough’s final approval of the NAR settlement agreement on Nov. 27, 2024, four appeals have been filed against it. The appeals are all filed on…
The post Court Report: NAR Settlement Appealed; Rocket Sues HUD appeared first on RISMedia.
Home affordability continues to stand between prospective homeowners and their dreams as home prices and mortgage rates stay higher for longer. To help buyers overcome these hurdles, some financial firms offer outside-the-box solutions for cash-strapped Americans to qualify for a home loan. Student loan debt is a common obstacle for first-time and some repeat homebuyers.…
The post Financial Firms Looking to Break Down Barriers to First-Time Homeownership appeared first on RISMedia.