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‘Welcome to Courtroom 7B:’ Burnett Judge Questions eXp, Weichert Settlement Negotiations

USA Real Estate News-RISMedia - Mon, 2025-01-13 12:19

A $34 million settlement struck by mega-brokerage eXp and a separate $8.5 million deal agreed to by Weichert have been thrown into significant doubt after Judge Stephen R. Bough, who oversaw the Burnett case, expressed major reservations about the process of the negotiations, ordering both brokerages to turn over documents and communications for his review.…

The post ‘Welcome to Courtroom 7B:’ Burnett Judge Questions eXp, Weichert Settlement Negotiations appeared first on RISMedia.

L.A. Brokerage Leaders Devastated by Fires but Defiant: “We Will Rebuild”

USA Real Estate News-RISMedia - Mon, 2025-01-13 12:04

Above, Michael Nourmand and Martha Mosier The various challenges facing the residential real estate industry over the last few years—high mortgage rates, limited inventory, lawsuit-related commission issues, etc.—certainly must seem fairly insignificant compared to what Los Angeles-area brokerage executives now must face with the still-raging fires causing incalculable physical damages and threatening the very livelihoods…

The post L.A. Brokerage Leaders Devastated by Fires but Defiant: “We Will Rebuild” appeared first on RISMedia.

Supreme Court Denies NAR Appeal Against DOJ Investigation

USA Real Estate News-RISMedia - Mon, 2025-01-13 11:36

Editor’s Note: This story was updated at 12:05 p.m. on Monday, Jan. 13 with a comment from NAR. The National Association of REALTORS®’ (NAR) appeal to the Supreme Court to block the Department of Justice’s (DOJ) investigation was denied today without comment, allowing law enforcement to continue with its inquiry into NAR rules and practices.…

The post Supreme Court Denies NAR Appeal Against DOJ Investigation appeared first on RISMedia.

Supreme Court denies NAR’s appeal request in DOJ case

USA Real Estate News-Inman - Mon, 2025-01-13 11:34
The Supreme Court didn't explain its reasoning for the decision, which will now allow the Department of Justice to reopen its investigation into the association's cooperative compensation rule.

Richard Horovitz named president of BHS’ property management arm

USA Real Estate News-Inman - Mon, 2025-01-13 09:00
The property management and luxury hospitality veteran joined Brown Harris Stevens in 2016 and has served as senior vice president and director since 2022.
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