I got a heads-up from a source, which then led me to investigate further, and… unless there’s something I am missing, the NAR Code of Ethics is (probably, in all likelihood) illegal as it stands today. It will need to be rewritten. News from federal regulators rarely make the front page. In fact, they rarely … Read more
A brief question, born out of discussions online and offline in the wake of the Zillow-Trulia deal…. Let me set the stage. More than a few people think that Zillow will ultimately want a piece of the commission (as evidence, they point to the brokerage licenses that MarketLeader once owned, which then Trulia owned, and … Read more
File this one under: “There Is No Box” kind of thinking. The reason why this isn’t a Black Paper (yet) is that I haven’t checked with enough lawyers to see all of the possible pitfalls, but that might happen sooner rather than later. A couple of weeks ago, I mentioned that I was having an … Read more
Just saw on Facebook that NAR has renamed the “Midyear Legislative Meetings & Trade Expo” — its annual meeting in Washington DC — to “REALTOR Party Convention & Trade Expo“. Seeing as how I’ve been preachin’ (to the choir, mostly) for quite some time that the REALTOR Association needs to focus on its core competency … Read more
Inman News reports that the Sixth Circuit Court of Appeals has ruled against Realcomp II in a years-long case: Michigan’s largest multiple listing service “unreasonably restrained competition” among real estate brokers by refusing to transmit exclusive agency property listings favored by discount brokers to Realtor.com and other public-facing Web sites, a federal appeals court has ruled. … Read more
Last Thursday, Zillow released a report on minority access to mortgages in partnership with the National Urban League. In case you were wondering what the conclusion of the report might have been, it was titled, “A House Divided: How Race Colors the Path to Homeownership“. The topline conclusion comes from Stan Humphries, Zillow’s Chief Economist … Read more
I’m reasonably certain that 90%+ of my audience — that would be you — have no idea what Aereo is. And until recently, there was no real reason to know, unless you lived in the NYC area and just looooved over-the-air TV. But last Friday, the US Supreme Court chose to hear a case involving … Read more
I wanted to get to this before 2014 dawned, of course, but… it was more fun to hang out with my boys. And by that I don’t mean my posse of secret real estate pundits, but my actual biological progeny. In any event, it’s customary here at Notorious to make predictions that are sure to … Read more
Welcome to another edition of an annual tradition, in which I go back and grade myself on my predictions made at the start of this year. My track record so far: 2010 Predictions: 6 of 10 (.600) 2011 Predictions: 4.5 of 7 (.642) 2012 Predictions: 2 for 7 (.286) As ever, I hope to be … Read more