Ex-eXp agents who were still working for the agency file a’sex trafficking’ lawsuit against the brokerage
Antitrust lawsuits centered on the agent commission structure have been the main focus of litigation in real estate for many years. But a suit against eXp Realty and eXp World Holdings was filed Tuesday in the U.S. District Court for…
Offerpad offers the ‘right sizes’ to navigate the changing market
Brian Bair, Offerpad’s chairman and CEO, told analysts and investors listening to Wednesday’s full-year 2022 earnings calls Wednesday evening that 2022 was “a tale of two halves.” This theme was evident in the firm’s financial results for the year. Offerpad…
CoreLogic acquires Roostify, a point-of-sale fintech company.
CoreLogic, a real estate data and software provider has acquired Roostify point-of-sale platform Roostify. This acquisition will allow it to assist lenders in the initial stages of a digital loan process. CoreLogic, an Irvine, California-based company, has acquired Roostify point-of-sale…
Laurie Finkelstein Reader Real Estate joins Keller Williams
Laurie Reader, a top South Florida realtor, and Laurie Finkelstein Reader Real estate, her Plantation-based team, announced their new affiliation with Keller Williams on Sunday at the “Family Reunion”. The team joined Keller Williams in 2011 and then moved to…
Rick Davidson will speak at Gathering of Eagles 2023
Rick Davidson is Cairn Real Estate Holdings LLC’s CEO. He will speak at DealMakers, June 18, 2023. The session “What’s Changed?” will be held. The World of M&A Today will feature Davidson and other industry leaders such as Scott Wright…
CoStar denies that it will acquire Realtor.com
The rumours about CoStar’s possible acquisition of Move Inc., Realtor.com’s parent company, was apparently all a bunch of nonsense. During Tuesday’s fourth-quarter earnings call with investors, CoStar Group announced that it is not acquiring Realtor.com. Florance also expressed his appreciation…
Small brokerage firms are highly valued in today’s market
Despite the fact that merger and acquisition activity is largely muted at a macro level, local M&A activity is high in residential brokerage. The housing market’s ebbs and flows are as predictable as the sun rising in east. No matter…
FHA reduces mortgage insurance premium by 30%
The Federal Housing Administration will reduce its mortgage insurance premium by 30 basis point. This is a decision that many stakeholders feel is long overdue. Homebuyers will see an average annual savings of $800. Since the beginning of the year,…
Christina Pappas is promoted to president by The Keyes Company
Christina Pappas, a former vice president at The Keyes Company & Illustrated Properties, a Florida-based independent realty brokerage, has been promoted to president. Pappas was the VP for almost two years before being promoted. Pappas will continue working with her…
PacWest cuts 200 jobs at Civic real-estate subsidiary
PacWest Bancorp will lay off 200 employees at its Civic Financial Services division. This is a residential real-estate company that it purchased as the housing market boomed in 2021. According to a Securities filing, the Los Angeles bank disclosed the…