Housing Wire

FEBRUARY 29, 2024

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. The joint motion was filed on Wednesday by MLS PIN, Jennifer Nosalek, Randy Hirschorn and Tracy Hirschorn.

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Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. The circular would be issued while the agency engaged in a formal rulemaking process.

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Housing Wire

MAY 21, 2024

During her remarks, Jessica Leal, an attorney for the DOJ, noted that the DOJ believes “offers of compensation should not be made anywhere, but certainly not on the MLS.” Leal also discussed the third amended settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network (MLS PIN).

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Housing Wire

FEBRUARY 22, 2024

Arizona Regional MLS and Wisconsin -based Metro MLS are looking to have the antitrust lawsuit filed against them by Zillow Group and ShowingTime dismissed. MLS Aligned is a joint venture set up among the MLS defendants and other unspecified MLSs.

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Housing Wire

MAY 3, 2024

As a result, PrimeMLS’s 12,000 member agents will have access to RealReports’s wealth of property data. The product is marketed toward real estate agents to help them build trust and credibility with their clients, a joint news release states. “In

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MLS Brokerage Agents As-is 432

Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C.,

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MLS Agents Brokerage As-is 370

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems.

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Housing Wire

MARCH 18, 2024

Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted.

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Housing Wire

OCTOBER 27, 2023

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. These local MLS broker marketplaces work in favor of consumers every day. Real estate agents know city and county property taxes.

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Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023. but that’s all starting to change.

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Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? It’s time to get more creative, aggressive and profitable with your MLS searches. 6 strategies to actively and creatively mine your MLS 1. Has the drip run dry?

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Housing Wire

NOVEMBER 27, 2023

Real estate agents are continuing to stay put, moving much less between brokerages than the post- pandemic peak seen in the summer of 2021, according to the latest Relitix Agent Movement Index. representing a decline in annualized movement of agents of over 18%. The most recent trailing 12-month value shows a new low of 89.4,

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Agents MLS Brokerage As-is 441

Housing Wire

JANUARY 5, 2024

Real estate industry veteran Saul Klein is taking over as the CEO and director of SDAR’s wholly-owned San Diego MLS , according to an announcement on Tuesday. “I In July, Mike Mercurio , SDMLS’ longtime CEO left the MLS amid a cloud of alleged inappropriate financial behavior.

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Housing Wire

JANUARY 16, 2024

After a multi-year decline in agent movement between brokerages , Relitix ’s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024. “We We can definitely call a bottom to the decline in agent movement,” said Rob Keefe, Relitix founder and president.

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Agents MLS Brokerage As-is 450

Housing Wire

SEPTEMBER 12, 2023

District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. MLS PIN, which is New England’s largest multiple listing service (MLS), filed the settlement agreement in late June.

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MLS As-is Finance Brokerage 410

Housing Wire

SEPTEMBER 23, 2021

The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. The post Stellar MLS to launch new agent platform appeared first on HousingWire. and Canada.

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Housing Wire

APRIL 11, 2024

As the real estate industry undergoes a significant shift in its commission structure, a recent Redfin survey reveals a lack of knowledge among homebuyers regarding their agents’ compensation. According to the findings, a significant portion of recent homebuyers remain in the dark about crucial aspects of agent payments.

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Housing Wire

APRIL 15, 2024

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. NAR has also reached out to the U.S.

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Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. He also said that the idea that agents and MLSs are colluding is “ridiculous.” It dehumanizes Realtors and turns us into money-making machines.”

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MLS VA loan Agents As-is 441

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

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Agents Brokerage MLS Technology 421

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. The buyer can use those funds for anything they would like, including paying their agent, if they choose.”

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Purchase and sale agreement Agents Seller concession MLS 441

Housing Wire

SEPTEMBER 5, 2023

are teaming up to provide generative AI tools to First Multiple Listing Service (FMLS), the fourth largest MLS in the country. The tools will be delivered through the CoreLogic suite of MLS solutions, including CoreLogic Matrix and CoreLogic OneHome. Data giant CoreLogic and real estate computer vision provider Restb.ai

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MLS Technology As-is Agents 397

Housing Wire

OCTOBER 18, 2021

MLS Technology Holdings, LLC , a joint venture formed by four of the nation’s largest MLSs, has acquired real estate technology company Remine Inc., 4 by the Austin Board of Realtors’ ACTRIS MLS , First MLS in Atlanta, Heartland MLS in Kansas City and Miami Realtors’ MLS. The joint venture was incorporated on Oct.

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MLS Technology Lending Agents 397

Housing Wire

MAY 21, 2024

Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial. Experienced agents have access to databases, networks, and resources that can help buyers gather information about recent sales in the area. What is a non-disclosure state?

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Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We are a company of top agents.” annual increase in the number of transactions closed by Compass agents, which came in at 38,449 sides for a volume of $40.1 or more.

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Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether? Enter the savvy seller.

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Housing Wire

APRIL 30, 2024

Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent. Under the terms of the settlement agreement , agents will have to have a written agreement with a client in order to work with them as a buyer’s agent.

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MLS Agents Brokerage As-is 466

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable. And before getting my real estate license in 2009, I had the same opinion, too.

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Purchase and sale agreement Agents MLS Brokerage 332

Housing Wire

SEPTEMBER 26, 2023

Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016.

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Agents Brokerage MLS Industrial 409

Housing Wire

OCTOBER 19, 2023

Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News. Michelle Figgs, the former senior industry analyst at Keller Williams , appeared next.

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Agents MLS Brokerage Equity 410

Housing Wire

MAY 3, 2024

Johnson’s letter also outlined what these changes will look like and what revisions to NAR’s MLS policy handbook have been made. The changes also prohibit the use of MLS data or data feeds to directly or indirectly establish or maintain a platform of compensation offers from multiple brokers or other buyer representatives.

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MLS Technology As-is Agents 458

Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

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Agents MLS Residential Brokerage 432

Housing Wire

MARCH 21, 2024

We’ve been scenario planning for quite some time, and it was not a scenario we have not already planned for,” said Art Carter, CEO of the California Regional MLS (CRMLS). “On At CRMLS, Carter said he and his team are already working to implement changes they will have to make to their MLS in order to comply with the new rules. “We

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MLS Agents Industrial Brokerage 431

Housing Wire

SEPTEMBER 16, 2020

Brokers and agents in the Shreveport and Bossier City region now have access to the database of listings and products the NTREIS system has to offer. The Dallas-based NTREIS serves 42,000 real estate agents while NWLAR serves 1,000 real estate agents.

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MLS Agents As-is Marketing 410

Housing Wire

DECEMBER 27, 2023

District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings. Despite these warnings, the plaintiffs state that many agents declined to switch as Aligned Showings is “an inferior product.”

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MLS Agents Industrial As-is 496

HomeLight

MAY 22, 2024

f you’re considering selling your Arkansas home without the help of a real estate agent, using a flat fee MLS listing service could be a great way to reach potential buyers. If you don’t have the time or expertise to list your home FSBO, partner with a trusted, top agent in your Arkansas market.

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MLS Agents Sales Design 62