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Compass sued over a single decimal point

According to the complaint, The Mark Company orally agreed to pay RRA 16.25 percent of gross sales commissions from the sales of condominium units at an ultra-luxury development in San Francisco. The companies signed a letter agreement in 2013, which Compass now notes included RRA’s rate at 0.1625 percent instead. Source: click here

‘Full service’ for 1%? Clever Real Estate gets $3.5M in funding

Clever’s pitch to homesellers, which account for the vast majority of referrals it makes, is full service from a top-performing agent for a 1 percent listing fee or a minimum of $3,000 — whichever is greater. That’s a third of the typical listing fee in some markets. Source: click here

Salesforce nixes gun stores: Should real estate care?

Salesforce is a large business technology company, and its CRM is very popular among real estate agents. The company has decided to stop selling its e-commerce software to retail gun stores. How will real estate respond? Source: click here

RE/MAX team of 17 agents jumps to eXp Realty

Veronica Figueroa, a former Inman Innovator Award winner and member of the Real Trends Thousand is taking her 21-person Orlando-based team to eXp Realty from RE/MAX, she confirmed to Inman this week. Source: click here

Connect Throwback: A blueprint for your social media spend in 2019

Earlier this year, Marki Lemons-Ryhal, of Marki Lemons Unlimited took to the stage at Inman Connect New York to discuss everything social. What transpired was a powerful session that highlights how social media, when done right, can elevate your real estate business to new heights. If you’re a regular at Inman Connect, then you know the value of seeing […]

EXCLUSIVE: Compass, eXp Realty and Redfin voice support for Equality Act

Just in time for Pride Month, the annual June celebration of LGBTQ rights in the U.S., three major real estate brokerages — Compass, eXp Realty and Redfin — all confirmed to Inman this week for the first time that they support the Equality Act. Source: click here

RE/MAX co-founder buys more than $3M of company stock

In what is beginning to look like a trend in which real estate leaders doubling down on their firms’ stock market potential, RE/MAX revealed Wednesday that co-founder and former CEO Dave Liniger has just purchased 122,911 shares in the company. Dave Liniger. Credit: Re/Max In a statement explaining the purchase, Liniger said that he considers “RE/MAX stock […]

Best of both worlds? Notarize launches ‘hybrid’ closings for lenders

The service is exactly what it sounds like, with consumers able to sign some documents online while still wrapping things up in the traditional way at their lender’s office. Source: click here

Wells Fargo pledges $1B to fight housing affordability crisis

Wells Fargo will be putting $1 billion toward various affordable housing initiatives over the next five years. As part of this commitment, the bank promised to address three key issues in underserved communities plagued by lack of affordable housing — housing affordability, financial health and small business growth between now and 2025. The move comes […]

EXp Realty undertakes massive Canadian expansion

EXp Realty announced Wednesday at its shareholder summit in Orlando that the company is bringing its virtual cloud-based tech-focused brokerage to four more provinces in Canada, giving it a total company footprint of seven Canadian provinces.  Source: click here

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