Barbara Corcoran Issues Statement, Warning on NAR Settlement lolita, 15/07/2025 A landmark $418 million class action settlement from the National Association of Realtors (NAR) is set to change the way real estate agents are paid and shake up the industry at large. The agreement, which was finalized on Friday, takes effect in July and begins with class-action lawsuits accusing the Realtors of having too much power and a monopoly over Americans trying to sell their homes. In part, the NAR settlement removes rules on sales commissions for brokers and agents, meaning that the standard 6% starting commission rate no longer exists. The settlement only affects buyer and seller agreements, though, so renters may still have to pay broker fees when looking for a new unit. In a statement, NAR denied any wrongdoing. “NAR has worked hard for years to resolve this litigation in a manner that benefits our members and American consumers,” said Nykia Wright, interim CEO of NAR. “It has always been our goal to preserve consumer choice and protect our members to the greatest extent possible. This settlement achieves both of those goals.” Meanwhile, real estate titan Barbara Corcoran is sounding off on the news and how it could potentially make or break many real estate agents’ careers … Continue Reading
Industrial real estate emerges from the storm lolita, 07/07/2025 The industrial real estate segment has emerged as a driver of the property market. (Photo: VNA) The investment was funneled into 16 out of the 21 national economic sectors in January, of which real estate attracted the second largest amount with nearly 1.41 billion USD or 32.7% of the total FDI, up more than 3.5-fold year-on-year. In this regard, processing and manufacturing took the lead with some 2.54 billion USD, accounting for 59.1% of the accumulative FDI and representing a year-on-year rise of 16.8%. To lure more big projects and investors to Vietnam, the Prime Minister has assigned concrete tasks to ministries and agencies, said Deputy Minister of Planning and Investment Tran Quoc Phuong, adding his ministry will prioritize investment attraction to science-technology, innovation, semiconductor chip and new industries. According to the official, issues regarding infrastructure and land remain concerns for foreign investors. Therefore, large-scale infrastructure projects should be accelerated and more attention paid to the enforcement of the amended Land Law. Industrial land lease prices are forecast to increase by 5-9% annually in the northern region, and 3-7% in the south thanks to the rising demand from industrial groups, said property consultancy CBRE Vietnam. Ready-built warehouse rental prices are … Continue Reading