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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

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Bay Area team bolts Compass for Side

Housing Wire

Another group of California agents has left Compass for Side , this time in the luxury, coastal environs of Marin County. OWN Marin, a veteran team of five agents, announced last week that they switched from the New York-headquartered brokerage to the San Francisco-based outfit. 1 Bay Area brokerage by sales volume.

Brokerage 370
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. million real estate agents.

Business 369