SOTM 28: Citibank Fined $30 Million and Compass Creates Controversy with ‘Coming Soons’

October 16, 2019

Both Citibank and Compass are under fire this week in the news. Due to holdings violations, Citibank is facing a fine of $30 million from the OCC. And Compass’ new “coming soon” platform has The Real Estate Board of New York up in arms. On today’s State of the Market, Pat Hiban and co-host Ian Lobas dissect these stories along with other industry news, including Realogy launching a new iBuyer program and New York enacting statewide rent control.

New SOTM Logo

Listen to today’s show and learn:

  • Citibank fined $30,000,000 for holding inventory [3:00]
  • Realogy jumps in on the iBuyer craze [7:48]
  • What people don’t realize about iBuyer programs [15:22]
  • New York enacts statewide rent control [19:44]
  • Compass creates controversy with new “coming soon” platform [30:19]
  • How to make a listing exclusive [38:29]
  • The real reason why real estate boards are upset with Compass [42:29]
  • How to break through your goals.
  • Plus so much more.

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