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Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. is wondering what took them all so long to make the switch. Voss…
Continue reading →Sen. JD Vance (R-Ohio) established name recognition and political bona fides from his military service in the U.S. Marine Corps, his education at Yale Law School, his work for state and federal politicians, and his time as a venture capitalist. He published his memoir, Hillbilly Elegy, in June 2016. The…
Continue reading →While a U.S. district court judge in Pennsylvania may have denied its motion to stay the Moratis copycat commission lawsuit, defendant West Penn MLS is not backing down without a fight. In addition to filing a motion in June to stay the suit, West Penn MLS also filed a motion…
Continue reading →Open Mortgage on Friday shut down its distributed retail channel and laid off more than two dozen employees. The divisional closure comes 1.5 years after the Texas-based lender changed ownership and nine months after it exited the reverse mortgage business. The company will focus on the third-party origination (TPO) space…
Continue reading →The price of a single-family home moderated a bit in July to $530,000. That is $8,000 less than the record high of July ($538,000) but still higher than previous records set in May ($525,000), April ($515,000) and March ($495,950). In some parts of the country, a greater moderation of pricing…
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