“Layoff plans fell last month, certainly a positive sign. That said, job cuts in November have risen above 70,000 only twice since 2008: in 2022 and in 2008.
One of the key pieces of legislation discussed was Intro 1120, sponsored by Councilmember Julie Farías, that would establish clear timelines for cooperative boards to process, review, and issue decisions on co-op purchase applications.
In a July 15 ruling, District Court Judge Dale Kimball wrote that Homie had failed to show that NAR and large brokerage companies named in the suit—Anywhere Real Estate, HomeServices of America, and RE/MAX—had conspired to cause antitrust injury to the company.
The board action brings greater clarity to Standard of Practice 10-5, which prohibits members of NAR from harassing any person or persons based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity.
Under the new staff and member leadership, NAR is communicating more deliberately, sharpening its focus on the core mission of serving its members, and moving toward becoming a nimble organization.
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