From the CEO’s Desk

Improvements Ahead

Now that we know that change is here for the industry, it’s time to look ahead and plan for what that means for us at ARELLO. The words that come to life for me when I think and strategize about the impact on ARELLO are words like:

• Strengthening
• Improving
• And Eliminating – as in eliminate all mediocre nonsense.

So now that change is here, let’s talk about the improvements ...

Coming Up at ARELLO®

UPCOMING WEBINAR | PRIVATE LISTING NETWORKS: ZILLOW & ARELLO® ON MARKET TRANSPARENCY

Wednesday, February 26 | 1 PM CST

Register here: https://us02web.zoom.us/webinar/register/WN_derPJOklQl611zA4zredsA#/registration

Join Zillow and ARELLO® for a discussion on the impact of private listing networks (PLNs) and ...

Seventh Circuit Court of Appeals Holds Lenders May Not Discourage Prospective Loan Applicants

In July 2020, the Consumer Financial Protection Bureau (CFPB) sued a mortgage lender, Townstone Financial, and its co-founder and Chief Executive Officer Barry Sturner, alleging that Townstone discouraged black prospective applicants from applying for a mortgage loan from Townstone. The CFPB argued that Townstone’s discouragement violated Equal Credit Opportunity Act (ECOA) and Regulation B promulgated by the Federal Reserve Board.

In its complaint, the CFPB alleges in five instances, ...

Series of California Real Estate Laws Effective or Deferred to this Year

With the new year comes the enactment in the State of California of a series of real estate-related laws and controversial proposals for 2025.

Tenancy Credit Reporting. The law requires landlords to offer tenants the option to report positive rental payments to credit bureaus. Landlords are permitted to charge up to a $10 fee per month for the service. Tenants are permitted to have the reporting stopped at any time. Landlords of residential buildings with 15 or fewer ...

New FCC Rule Requires Consent for Marketing Text Messages

The Federal Communications Commission’s (FCC) consent requirement took effect January 27, 2025. As part of the Telephone Consumer Protection Act, the new rule requires businesses to obtain written consent from consumers before sending the consumer text messages. The new rule requires a separate written consent for each business, effectively halting a process where consumers consent to general marketing from lead generators on behalf of affiliated partners. Furthermore, the text messages must ...