HousingWire Daily
Brooklee Han and the DOJ’s latest legal actions on the commission lawsuits
Jun 26, 2024
Real Estate Reporter Brooklee Han discusses DOJ's latest actions in real estate litigation, including inquiries into California Association of Realtors' forms and REX's suit against NAR and Zillow. The podcast also explores early AI adoption in the mortgage industry and the impact of DOJ's interventions on commission lawsuits, analyzing their potential effects on judicial outcomes and the Biden administration's influence on housing industry priorities.
24:36
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Quick takeaways
- Private equity acquisition of RE Colorado MLS raises questions on its impact in the real estate community.
- DOJ's inquiry into California Association of Realtors' standard forms focuses on ensuring fair practices and consumer protection in the industry.
Deep dives
Shakeup at RE Colorado MLS
A recent shakeup at RE Colorado MLS, an MLS in the Denver area, involved primary shareholders, including real estate associations, selling the company to a private equity-backed investor. This move surprised many as negotiations were ongoing with RE Colorado's management and board members regarding share buybacks. Industry experts find it intriguing because it marks the first time a private equity firm has acquired an MLS, raising questions on the motivations behind this acquisition and its potential impact on the real estate community.
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