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

From a groundbreaking contingency clause to a superfan's decked out home, 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.
START
On Monday, Inman’s Patrick Kearns wrote about San Francisco Bay Area-based brokerage Red Oak Realty, which earlier this month drafted what may be the first real estate contingency clause to reckon with this current event.

Gabriela Neagu, a real estate agent with the San Francisco Bay Area-based indie Red Oak Realty thought she had a pretty straight forward transaction. She was representing the buyer for a condo that was set to close in 21 days.

A month later, the seller is still trapped in the Wuhan Province of China, ground zero for the global coronavirus epidemic, and Red Oak Realty officially has what may be the first coronavirus-related contingency. It’s certainly the first for the brokerage.

Read the story here.

Next
On Tuesday, this publicly traded company reported a 4 percent growth in revenue for the fourth quarter of 2019 but a 3 percent slump annually.

Realogy reported a 4 percent growth in revenue for the fourth quarter of 2019 compared to the fourth quarter of 2018 during its earnings call Tuesday.

However, Realogy’s operating EBITDA for 2019 ended up meeting expectations, according to the company’s forecasts at the end of Q3 2019.

Read the story here.

Next
On Wednesday, Inman reported that a superfan had decked out every room in his home over the course of 29 years with the memorabilia of this college football team.

Many people display their team pride by hanging a flag outside their front door. Others, might put a decal on their car window. Loren Joostberns made his home into a blue-and-maize-hued shrine to his favorite team, the University of Michigan Wolverines.

And now, he’s selling the home in Hamilton, Michigan, for $169,900.

Read the story here.

Next
This major indie brokerage with hundreds of agents in Arizona, announced on Monday that it was joining virtual pioneer eXp Realty.

Revelation Real Estate, a major indie brokerage with hundreds of agents in Arizona, announced today that it is joining virtual pioneer eXp Realty.

Revelation is based in Chandler, a suburb of Phoenix. It has nearly 900 agents, last year closed almost 6,000 deals, and in 2018, did more than $1.7 billion in volume. A statement from eXp says that Revelation has been the top brokerage in its region for years, and that it is among the top single-office firms in the U.S.

Read the story here.

Next
Jamie Waryck, a Los Angeles-area agent with luxury brokerage The Agency, has created a petition calling for the end of what?

Nearly four months after the National Association of Realtors (NAR) opted to ban pocket and off-market listings, a new petition argues the rule violates homeowner rights — and calls for its overturning.

Jamie Waryck, a Los Angeles-area agent with luxury brokerage The Agency, told Inman that she created the petition last week. She said it came about after speaking with colleagues and finding widespread discontent over NAR’s policy, as well as confusion over how exactly it would be enforced.

Read the story here.

Next
This real estate data firm on Monday discovered an 'exposed vulnerability' that allowed anyone outside of the company to register an account to log in, potentially accessing personal information of renters and sellers.

Due to a security blunder, real estate data firm Remine left its system wide open to hacking, potentially exposing private agent and consumer information.

Remine, which offers a variety of software products for multiple listing services and their agent and broker subscribers, raised $30 million in Series A funding last year. More than 50 multiple listing services have deployed Remine’s core platform, which first launched in 2017.

Read the story here.

Next
On Tuesday this eXp World Holdings executive penned an essay on how to excel as a manager who works remotely.

EXp World Holdings Chief Marketing Officer Mitch Robinson.

Read the story here.

Next
According to a study released by co-ownership platform Haus on Monday, the share of this kind of homeowner has reached a 118-year high of 39.8%

An increasing number of homebuyers are getting the house, dog, and white, picket fence all on their own, according to a report released by co-ownership platform Haus on Monday. Nearly 40 percent of homeowners in 2018 were single, the highest share since the U.S. Census Bureau began tracking household data in 1900.

Read the story here.

Next
Cheyenne Lutek, a 25-year-old model who has appeared in Playboy and Esquire — and also happens to be an agent with Douglas Elliman — made the news this week for what reason?

A model and Douglas Elliman agent pleaded not guilty after getting arrested for disorderly intoxication at a Florida wine festival.

Cheyenne Lutek, a 25-year-old model who appeared in Playboy and Esquire, was arrested on charges of disorderly intoxication and resisting an officer without violence at the South Beach Wine and Food Festival on Sunday.

Lutek made the news in 2013 when, at 19, she posed topless with two New York City police officers at a restaurant in the city, sparking an investigation by the New York Police Department’s internal affairs division.

Read the story here.

Next
Greg Schwartz, the former president of Zillow, predicted that competition between iBuyers would eventually narrow to just these two companies during a conversation Wednesday at the RE/MAX R4 convention in Las Vegas.

Schwartz believes the consolidation, standardization of service and slight rising of prices for iBuyer services will cause a lot of trouble for companies not named Zillow and Opendoor.

“Everybody else operating in the business is a dead man or woman walking, but they may not know it yet,” Schwartz said.

Read the story here.

Next
If you answered six or more questions correctly, great job. If not, keep up by reading Inman every day.