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Compass opens a technology center in Seattle

In an effort to recruit more West Coast tech talent, Compass has launched a Seattle technology center. The office, which will eventually have 100 engineers and 70 operations staff, is going to be a space where tech workers build a platform for bringing in more agents and buyers. The fast-growing real estate company, which has […]

California governor signs gig economy bill into law

California Gov. Gavin Newsom signed AB5 into law on Wednesday, ending a nearly one-year long process to address the state’s long-standing issue with workers being misclassified as independent contractors. “Assembly Bill 5 is landmark legislation for workers and our economy. It will help end worker misclassification — workers being classified as ‘independent contractors’ rather than […]

IBM sues Zillow over multiple charges of patent infringement

IBM is suing real estate tech giant Zillow over seven charges of patent infringement related to a host of computer processes that Zillow uses to run its website. Source: click here

Fed lowers interest rates again. Will mortgage rates follow?

Economists and agents offered different opinions on how the second rate cut of the year will impact the housing market overall. Source: click here

Stellar MLS joins MLS Roundtable

Stellar MLS, a multiple listing service that serves more than 58,000 agents and brokers in Florida, is the latest addition to the MLS Roundtable. Source: click here

Coldwell Banker Bain expands by acquiring another CB franchisee

Coldwell Banker Bain acquired Coldwell Banker Morris Real Estate, giving the combined company four offices and more than 300 agents in Oregon. Source: click here

Opportunity zones offer a tax loophole for affluent art collectors

The purpose of the “opportunity zones” program is to revive 8,700 low-income neighborhoods by offering developers tax breaks when they invest their capital gains. But, since its launch nearly two years ago, critics have questioned who the program actually benefits: the residents of these neighborhoods or affluent people looking for a tax break? A Bloomberg […]

A new vision for luxury

Parts of the U.S. luxury scene still revel in gilded age-like spirit, but the idea of bigger, bolder and flashier homes is not playing well in markets where mega mansions sit idle. Source: click here

NRT’s Coldwell Banker launches new home repair program

The new service pairs sellers using NRT’s Coldwell Banker agents with consultants and project managers from home repair portal HomeAdvisor. Source: click here

Inman Golden I Club finalists: Top luxury brokerage

This fall, Inman will honor the inaugural class of inductees into the Inman Golden I Club. The class will be announced live at Luxury Connect, Oct. 16-17 in Beverly Hills. What is the Inman Golden I (pronounced “eye”) Club? It’s nothing less than the highest honor in luxury real estate. We’ll be awarding Golden I awards […]

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