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Accusing the mega-brokerage of conducting a scorched earth—and illegal—pressure campaign, California-based CRMLS said it has rejected a Compass “demand” that it alter rules around public marketing, and is preparing its own legal and public response to what it characterizes as self-serving and cynical moves to consolidate market share. CRMLS General Counsel Ed Zorn, in a…

The post Compass Threatens More Legal Action Against MLSs, with CRMLS Leading Opposition appeared first on RISMedia.

The Bureau of Economic Analysis (BEA) reported that inflation grew at a faster rate throughout August, possibly contributing toward the Federal Reserve’s decision to raise rates in mid-September. The Personal Consumption Expenditures (PCE) price index increased 0.3% on a monthly basis, a slight increase from July’s index increase of 0.2%. On a yearly basis, inflation…

The post Inflation Grows But Below Estimates of Fed’s Expectations appeared first on RISMedia.

When it comes to AI, I think we can all agree: The train has left the station. Moving at a speed never before seen, artificial intelligence adoption rates are more than double that of smartphones and tablets when they hit the scene in 2007. The question is, how’s a real estate professional—and the industry at…

The post Harnessing the AI Juggernaut appeared first on RISMedia.

In the continuation of a local New York City story that drew national attention with potential implications elsewhere, Judge Wayne M. Ozzi of State Supreme Court on Staten Island ruled on Sept. 29 that the city’s attempt to tax expensive second homes within the five boroughs, led by  Mayor Zohran Mamdani, was not handled properly…

The post Judge Negates NYC Mayor’s Tax Try on Expensive Second Homes appeared first on RISMedia.