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Illinois broker fined $14,000 after listing property without owner’s consent

An Illinois broker with a litany of prior regulatory infractions was stripped of his real estate license for a minimum of two years and fined $14,000 following a report that he listed a property without the consent of the owner and forged portions of a listing contract, officials confirmed. The Illinois Department of Financial and […]

Real estate hires and promotions: January 2018

Editor’s note: This story will be updated with additional hires.  January 2018 is already witnessing an array of real estate industry hires and promotions. Who’s making moves? Which businesses are bringing in new blood or creating fresh positions? Here’s a rundown of some recent HR news across the board. Realogy CEO Ryan Schneider announces slew of […]

Strong jobs report offers glimmer of hope for inventory relief

Although the inventory shortage has continued to rage on, the Employment Situation Summary for December 2017 from the U.S Bureau of Labor Statistics (BLS) shows there could be some relief on the way. The report shows that total nonfarm payroll employment rose by 148,000 jobs last month and that the market experienced continued robust growth in […]

5 characteristics of real estate’s top producers

Over the course of my decades-long real estate career, thousands of agents either worked for me or crossed my path, giving me priceless insights into how top producers operate, what they bring to the field and the characteristics that separate them from the rest. All of these stand-out agents had a handful of key traits […]

Big leadership changes at Realogy

New Realogy CEO and former credit card exec Ryan Schneider isn’t wasting time in putting his stamp on the real estate giant. The company announced a host of changes in key positions across several of its notable brands this morning. Namely… Ryan Gorman Ryan Gorman was named President and Chief Executive Officer of NRT LLC, and […]

Real estate daily market update: January 5, 2018

 We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Friday, January 5 U.S. Bureau of Labor Statistics Employment Situation — December 2017 Source: U.S. Bureau of Labor Statistics Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 […]

New York legislator pushes to legalize short-term rentals

Will 2018 be the year Airbnb becomes “fully legal” in New York City? If New York State Senator John Bonacic has his way, it seems so. On January 3, Bonacic introduced Senate Bill S7182 (see bill below), which proposes a number of amendments to the 1929 Multiple Dwelling Lawn that currently bans homeowners from renting […]

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