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Orlando Bloom’s bachelor pad hits the market for $9M

Now that he’s counting down the days until his marriage to Katy Perry, Orlando Bloom decided to part with his bachelor pad — and sell it for $8.999 million. The Beverly Hills estate, which Bloom purchased in 2017 from Mexican architect Miguel Angel Aragonés, has been listed by Jason Oppenheim, of L.A.’s Oppenheim Group. Photo Credit: […]

60%: the number of sales iBuyers will take in 2024

Americans might start moving more if they can buy and sell houses the way they can buy and sell cars: quickly and over the internet, with easy financing available. This is the future of real estate — a future where iBuyers will take 60 percent of sales in 2024. Source: click here

Zillow employee slams ‘illegal commission structure’ in lawsuit

A Zillow Group employee has filed a class-action lawsuit alleging ongoing labor code violations, including failure to pay overtime wages. Source: click here

Discounter REX expands into Philly — buyer brokers beware

Fresh off a $45 million funding round, rabble-rousing discount brokerage REX is expanding to the Philadelphia area, the company announced this week. Source: click here

The Inman Weekender: How Redfin and RE/MAX are teaming up

  What To Read This Weekend Unlikely allies: Redfin and RE/MAX are teaming upBY PATRICK KEARNS | MARCH 18 10 tips for snagging a buyer (and tons of leads) at your next open houseBY NICOLE SOLARI | MARCH 19 Coldwell Banker unveils new logo, ongoing rebranding effortBY JIM DALRYMPLE II | MARCH 18 5 tools […]

Meet the property manager with a tech platform and big ambitions

Livly describes itself as a property management “platform,” giving renters a way to communicate with their management, pay rent and accept packages. Source: click here

WATCH: What are platforms, and why should you care?

Are broker platforms augmenting or replacing existing MLS platforms? What is the impact to industry participants? Explore why this topic is the new buzzword of the industry and what the future looks like. Source: click here

Existing-home sales begin seasonal bounce back

Existing-home sales climbed 11.8 percent from January to a seasonally adjusted annual rate of 5.51 million in February, according to the latest data from the National Association of Realtors (NAR). Despite the big uptick, sales were still down 1.8 percent year-over-year. “A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer […]

Remine lays off two-thirds of sales staff a month after raising $30M

Property data and analytics firm Remine laid off dozens of staff members Friday as part of a “strategic decision to double down” on its MLS business. Remine CEO Leo Pareja announced the layoffs in a LinkedIn post, saying that the company was terminating the employment of 42 members of the sales team. Pareja described the layoffs […]

New tool allows consumers to compare iBuyer offers nationwide

Zavvie has launched Offer Optimizer, a tool that allows homeowners to compare instant offers from Offerpad, Opendoor, Zillow Offers and Redfin Now. Source: click here

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