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

From a new "leaning tower" to a big pledge by a presidential candidate, the real estate industry threw some curveballs this week. Take Inman's real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.
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This brokerage voted on a policy change that would end lifelong profit sharing for agents who leave the company.

A group of top Keller Williams earners, market center owners and regional leaders have gotten their way: As of April 1, 2020, KW associates that jump ship to a competitor will no longer be able to receive profit shares from the company’s lifelong revenue program.

The policy is not retroactive and will only apply to associates that join on or after April 1.

Read the story here.

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Ever since demolition plans went awry in this city on Sunday, gawkers have been flocking to take pictures of this so-called “Leaning Tower”

Two days after the planned demolition of the Affiliated Computer Services building on Haskell Avenue in downtown Dallas on Sunday, one pesky piece of the 11-story tower remains standing.

Although most of the building collapsed in an implosion on Sunday, the core of the tower, containing a stairway and elevator shaft, is still standing, though not as straight as it used to. In the meantime, residents are having a grand time with the city’s new “Leaning Tower of Dallas.”

Read the story here.

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NextHome, the real estate franchise with a flexible spending model, was named the top real estate franchise by this market research firm.

NextHome, the real estate franchise with a flexible spending model, has been named the top real estate franchise by Franchise Business Review for 2020 and snagged third place overall, as announced at the International Franchise Association Convention on February 9.

Franchise Business Review is a market research firm in the franchising industry that studies satisfaction and performance of franchisees.

Read the story here.

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In an earnings report Wednesday, Zillow specifically cited this segment of its business for beating expectations in the fourth quarter.

Homes. In other words, its iBuyer, Zillow Offers.

Read the story here.

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The Gunderman Group, a high-profile 18-person team based in California’s Bay Area, revealed Monday it is leaving a franchise of this well-known brokerage and joining Keller Williams.

The Gunderman Group, a high-profile 18-person team based in California’s Bay Area, revealed Monday that it is leaving a Sotheby’s International Realty franchise and joining Keller Williams.

Keller Williams co-founder and co-owner Gary Keller formally announced the transition Monday morning at his company’s “Family Reunion” conference in Dallas, Texas. The Gunderman Group will now be a part of KW Oakland, a Keller Williams franchise based in its namesake city. It had previously been a part of Golden Gate Sotheby’s International Realty.

Read the story here.

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Residents living in this city — where real estate is expensive and wages are relatively low — must work longer hours than anyone else in the United States just to afford rent, according to SmartAsset.

Hopefully workers in San Jose, California, like their jobs — or have a lot of roommates. For the average wage earner in the city, it would take a whopping 76 hours of work a month to afford rent, according to a new study by SmartAsset.

The personal finance technology company reports that the median monthly rent in San Jose is $2,161, which equates to nearly $26,000 per year. Yet, the median worker residing in San Jose makes $40,596 annually after taxes, making their hourly wage about $28. Crunch those numbers, and that means the typical worker in San Jose must work over 76 hours per month in order to pay rent.

Read the story here.

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This presidential candidate pledged earlier this week to merge Fannie Mae and Freddie Mac and pull those agencies in as government-owned mortgage guarantors.

Moments after solidifying his presidential run with impressive primary poll results from Marist, former New York City mayor Michael Bloomberg released his financial reform policy, which includes reinstating tougher banking and trading regulations axed by the Trump administration.

However, Bloomberg’s plan to merge Freddie Mac and Fannie Mae has garnered the most attention within the real estate and mortgage industries, as the companies work to end a 12-year government conservatorship.

Read the story here.

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Earlier this week, these two well-known brokerages traded high-profile agents, Jere Metcalf in Georgia and Marc Fleisher in Washington D.C.

Two high-profile agents in major East Coast markets switched brokerages this week, in one case leaving Compass for a Sotheby’s International Realty franchise, and in the other case going in the opposite direction from Sotheby’s to Compass.

Read the story here.

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While the solution to dealing with a bad tenant may seem clear, evicting one is often a complicated process of last resort. Which of these steps, according to an article this week, do experts advise taking before evicting a tenant?

All of the above.

Read the story here.

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If you want to avoid buyer’s remorse, don’t buy property in this state, according to a new survey by LawnStarter, a national lawn and landscaping service company.

Maybe all the politics in the air is starting to get to people in our nation’s capitol and elsewhere.

A recent survey by LawnStarter, a national lawn and landscaping service company, showed that homebuyers in the District of Columbia and Wyoming are the least satisfied in the nation with their home purchases, largely because of unfriendly neighbors, and in the case of Wyoming, the added factor of a poor job market.

Read the story here.

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