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Integrity in Real Estate
Updated: 1 hour 44 min ago

Better Homes and Gardens Real Estate Announces New VP

Tue, 04/16/2024 - 12:18

Above, Christina Balas Better Homes and Gardens Real Estate LLC has announced the appointment of Christina Balas as vice president of servicing and operations.   In her new role, Balas will develop critical initiatives to drive affiliate performance, satisfaction and engagement with a focus on growing market share and increasing agent productivity. She will also lead…

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John L. Scott Real Estate Names New Company Financial Officer

Tue, 04/16/2024 - 11:32

John L. Scott Real Estate has appointed Jeffrey Currier as the company’s new Company Financial Officer. In this role, the company stated that Currier will be responsible for overseeing finance and accounting at John L. Scott. He will focus on cash management, leases, facilities, and will be closely involved in forecasting and executing strategies that…

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Housing Starts Drop From February Rally

Tue, 04/16/2024 - 11:08

Privately-owned housing starts plunged in March to a seasonally adjusted rate of 1.32 million—14.7% below the February estimate of 1.54 million—and 4.3% below the March 2023 rate of 1.38 million, according to the latest report from the Census Bureau and the U.S. Department of Housing and Urban Development (HUD). And while starts of new single-family…

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Brokerages Claim Buyer Lawsuits Barred by Statute of Limitations

Tue, 04/16/2024 - 10:07

With commission-focused lawsuits filed by recent homesellers seemingly headed toward resolution through a patchwork of settlement agreements, the real estate industry is now pivoting to face another threat—allegations from homebuyers that companies conspired on rules that inflated commissions and harmed them. In the largest and most recent lawsuit filed by buyers—known as Batton—several big brokerages…

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Century 21 Announces Baltimore Affiliation

Tue, 04/16/2024 - 09:58

Century 21 Real Estate LLC has announced its expansion in the Baltimore Metropolitan area, thanks to its latest affiliation: Harris Hawkins & Co., a Black-owned, woman-led business, now operating as CENTURY 21 Harris Hawkins & Co. Founded in 2020 by Baltimore natives Tiffany Harris and Brandi Hawkins, the company is now owned and operated by…

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Judge Mulls Dismissing Certain Claims in eXp Sexual Assault Lawsuit

Tue, 04/16/2024 - 09:41

A federal judge appears to be leaning toward dismissing at least some of the claims against eXp in a lawsuit filed by an agent—Anya Roberts—who claims she was sexually assaulted by recruiters, discussing a tentative order that seemingly did not find the company was negligently or “vicariously” liable for the actions of influencers. The tentative…

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Dispelling Myths About Commissions and the MLS

Tue, 04/16/2024 - 09:38

Editor’s note: The following ‘Myths vs Facts’ were excerpted from recent research, “Dispelling the Myths About Real Estate Commissions and the MLS,” released by Bright MLS. Bright MLS President and CEO Brian Donnellan offers context on the analysis below the comparisons. Myth: Agents steer clients to homes with higher commission rates.   Fact: Our analysis of over…

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LeadingRE Adds AJ Canaria Creative Services to Solutions Group Program

Tue, 04/16/2024 - 09:28

Leading Real Estate Companies of the World® welcomes AJ Canaria Creative Services, LLC to its Solutions Group program of preferred business resources for its global network of real estate firms.  AJ Canaria Creative Services—founded by AJ Canaria, who now serves as chief photographer—provides photography services specializing in events, headshots, lifestyle shoots, editorials, and advertising, according…

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How to Assess the Financial Stability of an HOA

Mon, 04/15/2024 - 12:35

Understanding a Homeowner Association’s (HOA) financial stability is crucial for maintaining property values and ensuring residents’ high quality of life. Key examination elements include reserve funds, special assessments and financial planning. Reserve funds cover significant repairs and replacements, special assessments address unforeseen expenses and financial planning ensures long-term stability. Understanding these aspects helps members make…

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Pioneering Innovation in Real Estate Excellence

Mon, 04/15/2024 - 12:00

Dan Prud’homme, principal at The Prud’homme Team and a pivotal figure at William Raveis Real Estate (formerly the Carolina Realty Group) in Hilton Head Island, South Carolina, stands as a beacon of innovation and strategic foresight within the real estate sector. Prud’homme’s success story is not merely about weathering storms, but about thriving amidst adversity—a…

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BoomTown ROI Faces Sixth Consecutive Day of Service Outage

Mon, 04/15/2024 - 10:55

BoomTown ROI, a real estate proptech company, has been down for six consecutive days, impacting millions of brokers/agents countrywide. A real estate broker, who was granted anonymity in order to speak candidly, told RISMedia that BoomTown will not answer any proposed questions. “We personally have 100,000 leads in there. There are currently 3,100-plus companies/teams using…

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Report: Myths and Facts on Buyer-Agent Commissions and the MLS

Mon, 04/15/2024 - 10:34

Above, Lisa Sturtevant and Brian Schneider After its new report, Dispelling Myths About Real Estate Commissions and the MLS, was released April 12, Bright MLS Chief Economist Lisa Sturtevant and legal counsel Brian Schneider spoke in-depth at a virtual presentation about how the National Association of REALTORS®’ (NAR) proposed settlement and other current issues have…

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COURT REPORT: Consolidation Effort Fails; Billion-Dollar Judgment Denied by Judge

Mon, 04/15/2024 - 10:16

Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judges deny lawsuit consolidation push Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the…

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Homebuilder Sentiment Flat in April as Buyers Are Hesitant

Mon, 04/15/2024 - 09:31

After a strong start to the spring selling season, homebuilder sentiment flattened in April as buyers hesitate to step into the market due to continued unrest in the mortgage market and other affordability challenges. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) registered at 51 in April, the same reading seen…

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Homeownership Rates Have Increased, Despite Prices

Fri, 04/12/2024 - 12:34

Home prices have been the bane of the real estate news cycle for a while now, bringing a damper on the home-buying market. However, recent data shows that home prices really might not have kept buyers out as much as was thought. A new report from LendingTree found that from 2012 to 2022 homeownership rates…

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Leading by Opportunity

Fri, 04/12/2024 - 12:32

Jason Mitchell, CEO of the Jason Mitchell Group (JMG), headquartered in Scottsdale, Arizona, is satisfied with most every aspect of his thriving national brokerage business except for one: spreading the word. “I want to get our message out there more because what we do is very unique,” he says. “We’re the only national brokerage that…

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PropStream to Attend Los Angeles Investor Conference

Fri, 04/12/2024 - 12:25

Lead generation company PropStream has announced it will attend the Invested conference (presented by Out of State Investor Academy) in Los Angeles from May 20 to 21, 2024.  Invested’s two-day conference provides a fusion of customized, hands-on workshops, presentations, and networking opportunities, a release noted. Each element is meticulously crafted to assist real estate investors…

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Judges Deny Lawsuit Consolidation Effort, Leaving Commission Cases Scattered

Fri, 04/12/2024 - 11:30

Citing the recent National Association of REALTORS® (NAR) settlement agreement, a panel of six judges today denied an attempt by plaintiffs in commission-focused class-action lawsuits to consolidate all the copycat cases under one judge, saying that the “procedural posture of the litigation” makes that effort inappropriate. “After settlement proceedings conclude, and it becomes evident how…

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Marketing Matters: Exploring the Shift Toward In-House Marketing Teams

Fri, 04/12/2024 - 10:13

More national real estate franchises are beginning to take marketing measures into their own hands rather than using agencies for hire on a contract basis, RISMedia’s 2024 Agent & Broker Marketing Study found.  Drilling down further, the study also found that the average size of an in-house marketing team nearly doubled between 2022 and 2023…

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Consumer Sentiment Continues to Fall in April

Fri, 04/12/2024 - 09:35

While economic signs remain strong and experts have a positive outlook, consumer sentiment saw a slight dip in April. The dip, however, is not any cause for concern, according to experts. Consumer sentiment fell 1.9% in April, following a 0.5% decrease in March. These drops come after a strong start to 2024, with a 0.8%…

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