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National Association of REALTORS® News

Monday, June 13 2016 4:32 AM
  • Move Inc.-Zillow Lawsuit Settled...Zillow agreed to pay $130 million to settle allegations that two of its executives stole trade secrets from Move Inc., operator of realtor.com®. "We are pleased that the parties have reached an amicable resolution," NAR President Tom Salomone said in a prepared statement. NAR was a co-plaintiff in the suit, brought in 2014 against Zillow and the two executives, both former executives of Move. Move and NAR had accused the former Move executives, Errol Samuelson and Curt Beardsley, of stealing confidential documents and breaching their fiduciary duties to the company. 

  • Live webcast: Preparing Now for Tax Time…You can hear from, and ask questions of, two accountants who work extensively with real estate clients on what to do throughout the year to maximize your tax position in a live webcast on Thursday, June 23, 2-3 p.m., Eastern time. Presenters are Peter Baker of Business Planning Group in Washington, D.C., and Linda de Marlor of Tax-Masters, Inc., Rockville, Md. Registration link.

  • Watch and Respond to NAR Call to Action...During the 2016 REALTOR® Legislative Meetings & Trade Expo one of the talking points for Capitol Hill visits was focused on H.R. 3700, the Housing Opportunity through Modernization Act of 2016.  This bill passed unanimously in the House (427-0 vote) yet it languishes in the United States Senate, the victim of election year posturing. On Monday, June 13, 2016 NAR will launch a Call for Action to all REALTORS® asking all 100 United States Senators to pass H.R. 3700. NAR expects the Call For Action to remain active until the Senate begins its summer recess scheduled for July 18, 2016.

    Background Information:
    NAR Issue Summary
    HR 3700 Bill Summary
    NAR Letter to House of Representatives
    NAR Letter to Senate
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