Weekly Real Estate News Quiz: Think You're Up On The Biggest Headlines?

From an oddly shaped home on the market to a new class-action lawsuit, the real estate industry threw some curveballs. Take Inman's real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.
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It was announced Wednesday that RE/MAX had acquired this real estate tech startup.

RE/MAX has acquired real estate tech startup First, a company that offers a machine learning-powered platform that helps inform agents of the best time to reach out to existing clients in their sphere.

The terms of the acquisition, which was announced Wednesday, will be disclosed at a later date, but the acquisition was funded with cash on hand, according to RE/MAX CFO Karri Callahan.

Read the story here.

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R New York agent Max Brizer was in the news this week after being named a plaintiff in a federal class-action lawsuit against this company.

A new federal class-action lawsuit filed in the United States District Court for the Southern District of New York is taking aim at Zillow’s Premier Agent advertising platform for real estate agents and brokerages.

Three law firms jointly filed the lawsuit – including the same firm that filed a similar suit against Zillow-owned Trulia earlier this month – on behalf of New York State agent Max Brizer and others who claim Premier Agent encourages dual agency and violates a state antitrust law and The Consumer Protection Act.

Read the story here.

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A realtor.com report released Wednesday revealed that the beginning of prime homebuying season has moved from April to this month.

Are your sellers waiting until February to list their homes for the spring homebuying season?

If so, they may be making a massive mistake — a realtor.com report released on Wednesday revealed that the beginning of prime homebuying season has moved from April to January.

Read the story here.

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EXp Realty is bringing its iBuyer platform, Express Offers, to a dozen new states. Which of the states below was not named in the expansion?

EXp Realty is bringing its iBuyer platform, Express Offers, to a dozen new states. The capital-light program allows eXp Realty to scale the platform quickly, going from one state to 13 in less than three months.

The platform was first launched in California and will now operate in Arizona, Colorado, Florida, Georgia, Idaho, Illinois, Nebraska, Nevada, New Mexico, Texas, Utah and Virginia. The company wants the platform in all 50 U.S. states in the near future.

Read the story here.

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This neighborhood in Arizona is where the highest rate of sales went to iBuyers through October 2019, according to a study by Redfin.

Pecan Creek, in the Phoenix area, is the neighborhood where the highest rate of sales went to iBuyers. Through October, 13.7 percent of sales have gone to iBuyers this year, up from 10.4 percent last year.estate company through October 2019, according to a new study released by Redfin.

Read the story here.

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This theme park operator has vowed to carve out 23 acres of land for affordable housing near one of its planned parks by 2023.

As the Orange County Commission readies itself to approve an expansive 10-year affordable housing plan, Universal Orlando has decided to pull the trigger on a plan of its own — a 23-acre affordable housing development near its Epic Universe theme park set to open in 2023.

Read the story here.

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The state of Tabasco in Mexico will be the site of the world’s first…

Southern Mexico will soon be home to the world’s first 3D-printed neighborhood.

This month, New Story Charity unveiled the first two homes for an impoverished rural neighborhood the state of Tabasco, Mexico. The nonprofit has spent the last two years working on prototypes for 50 homes for with an Austin-based construction tech company called Icon.

Read the story here.

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In a column on Monday, Brad Inman named 2019 the year of what?

The neglected second child — homesellers — are finally getting some attention. Innovation is accelerating with new and exciting ways of selling. Expect shorter sales cycles, more certainty around price and timing and technology options that make the process easier.

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In an interview published Monday, who said this: “Where I think we perhaps lost our way a little bit was when we moved past disruption and into destruction. When venture capital became weaponized and the goal was to use massive sums of money to destroy competitors.”
An oddly shaped home just hit the market in Malibu for $2.28 million. What shape is the home?

If you’ve ever dreamed of living in a giant pyramid, now’s your chance. A large house shaped like an Egyptian pyramid (or the Luxor hotel in Las Vegas) has hit the market for $2.28 million.

Read the story here.

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