Where Real Estate Gets Its Dirt

Brookfield RPS sells majority interest of Real Living and Prudential to HomeServices

Rouda returning to lead HER as Berkshire Hathaway takes stake in Real Living

“Brookfield has sold, or plans to sell, that controlling interest in Real Living to HomeServices of America Inc., a Berkshire Hathaway (NYSE:BRK.B)-owned owner of numerous local residential real estate brokerages, according to the HER press release.
HomeServices, however, has yet to post the announcement on their website.
HER has retained the right to use the Real Living trademarks for a year as the regional brokerage considers the direction HomeServices takes the Real Living brand, according to Jim Stevenson, HER’s senior vice president of marketing.”

This is huge news. You gotta feel for everyone at Real Living, GMAC and now Prudential Real Estate. These guys have gone thru major changes in the past 3 years and it going to change even more.

Greater Ft. Lauderdale Assn. and Miami Association of REALTORS settle.

As reported here the Greater Ft. Lauderdale and Assoication of REALTORS (RAGFL) sued the Miami Association of REALTORS (MAR) for…

“Through its false and deceptive advertising and other contact MAR has brazenly sought to drive and has driven members away from RAGFL and diverted new members from joining RAGFL thereby causing damages to RAGFL,” says the complaint, which alleges violations of the Lanham Act.”

In a short letter issued today it appears the shit storm has passed. As both parties have agreed to a “confidential Settlement Agreement”. I’m hoping to see Rick and Teresa hug it out in Orlando at The Peabody Hotel as the ducks walk by.

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