Real Brokerage, Frano Team dismissed from Taylor RESPA suit

The list of defendants in the Taylor Real Estate Settlement Procedures Act (RESPA) just got smaller. The plaintiffs notified the court of their decision to voluntarily dismiss The Real Brokerage and The Frano Team, which is brokered by Real, from the Taylor suit on Wednesday. The parties were dismis

Luxury NYC Co-ops Are Outselling Condos for the First Time in 4 Years

For the first time since October 2022, elite New Yorker homebuyers opted for the co-op over the condominium, according to a new report. For the week ending June 21, 12 luxury co-ops priced at $4 million-plus were sold in Manhattan, versus only 10 condos, marking the first week in almost four years w

Glenn Kelman joins Greylock Partners as executive in residence

Glenn Kelman, the longtime CEO of Redfin and a key figure in tech-enabled real estate brokerage, has joined venture firm Greylock Partners as an executive in residence, the firm announced on Tuesday. Kelman will work with Greylock portfolio founders on leadership development, go-to-market execution

Pennsylvania broker sues to end physical office rule

Under Pennsylvania law, real estate brokers licensed by the state are required to maintain a physical main office in the state. However, one broker is looking to challenge this requirement, which he considers outdated and anticompetitive.  In mid-May, Kevin Gaughen, the broker-owner of Lemoyne, Penn