Housing Wire

FEBRUARY 26, 2024

In this new capacity, Greene will oversee operations, sales and customer service efforts, working to empower CoreLogic’s MLS clients. I am honored to be considered for this role. (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement. Army veteran.

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Industrial MLS Development Residential 380

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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Agents MLS Brokerage Industrial 403

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Industrial MLS FHA loan Agents 414

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 Klein has over 40 years of real estate industry experience. In these roles Klein will run daily operation of SDMLS.

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MLS Technology Residential Banks 366

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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Agents MLS Industrial As-is 421

RIS Media

APRIL 23, 2024

Compensation is being removed from the MLS, and buyer agents will be required to sign written agreements with clients. Merri Jo… The post Stellar MLS CEO “Stands Tall” as Industry Faces Tough Questions Post-Settlement appeared first on RISMedia.

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MLS Industrial Agents As-is 119

Housing Wire

OCTOBER 6, 2023

million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. In addition to the already publicized $83.5 In the Sept. In the Sept.

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Industrial MLS Brokerage Agents 385

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.” My lawsuit wasn’t filed against individual Realtors; it was filed against the industry.”

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MLS VA loan Agents As-is 427

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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MLS Agents Technology Brokerage 269

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 412

Housing Wire

OCTOBER 3, 2023

Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. That is really when we started the process of evaluating where we can drop memberships for our agents. There is a lot of unwinding to do there.”

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Industrial MLS Brokerage Staging 311

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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Agents Brokerage Investor MLS 371

Housing Wire

JANUARY 23, 2024

It boasts its own in-house digital transaction management platform, a network of agents, in-house title and mortgage services, as well as a 24/7 “concierge” service. As a licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S.

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Industrial Title MLS Technology 401

Housing Wire

SEPTEMBER 6, 2023

We are not going to defend this case anymore,’ so that will definitely lead to changes.” “Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. he posited.

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Industrial MLS Agents Equity 414

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 391

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. The study attributes the “apparent uniformity of commission rates” to collusion.

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Agents MLS Brokerage Equity 395

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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Pre-approval Agents Loan Officer Seller concession 418

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 324

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 488

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 364

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 370

Housing Wire

OCTOBER 19, 2023

In what could be an attempt to get ahead of changes that may be coming to the real estate industry, the Real Estate Board of New York announced some major policy changes this week, as first reported on by The Real Deal. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent.

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Agents MLS Residential Brokerage 424

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 300

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. You are forewarned — there are charts! Who’s most exposed?

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Agents Purchase and sale agreement Brokerage Finance 470

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

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Agents Loan Officer Lending MLS 390

Housing Wire

DECEMBER 12, 2023

The MLS trade group said the new directors will assume their roles starting Jan. The two new directors elected to the board are Justin Haag, the general counsel and incoming president and CEO from Northwest MLS , and Chris Haran, the managing director and chief technology officer from MRED in Illinois.

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MLS Technology Industrial Agents 380

Housing Wire

APRIL 23, 2024

While the agreement still must receive final approval from the court, the industry is now one step closer to operating under the new rules outlined in the settlement agreement. The settlement agreement also mandates that MLS participants working with buyers must enter into a written buyer broker agreement.

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MLS Agents Industrial As-is 469

Housing Wire

MARCH 8, 2024

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. A website link and QR code are included for recipients to check if their home sale falls within the date range for their MLS. Lisa is super on the pulse.

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Agents MLS As-is Title 408

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. The cooperative MLS system exposes home listings to the largest number of potential buyers with an offer of compensation to any successful buyers’ agent. I have been following the discussion around the competitiveness, costs and consumer benefits of U.S.

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MLS Purchase and sale agreement Brokerage Closing 382

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

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MLS Agents Design As-is 470

Housing Wire

NOVEMBER 3, 2023

Speculation is still swirling around what Judge Stephen Bough’s final ruling on the Sitzer/Burnett commission lawsuit will be and how it will impact the industry. that you have to be a Realtor to get access to the Realtor-owned and operated MLS. million members. I think it is more about inertia,” Murray said. In about half the U.S.,

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MLS Brokerage Agents Industrial 419

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement. Despite this being allowed, the practice of cooperative compensation continues and agent commissions have not changed.

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MLS Lending Closing costs Agents 424

Housing Wire

NOVEMBER 14, 2023

Collabra Technology , a real estate marketing and analytics firm, has appointed former Bright MLS executive David Charron to its board of directors, the company announced on Monday. In 2017, MRIS merged with TREND to form Bright MLS. For 16 years, Charron was the president and CEO of MRIS , a major multiple listing service.

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MLS Investor Industrial Technology 355

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 9, 2020, and the present, and paid a buyer broker commission. 9, 2020, and the present, and paid a buyer broker commission. Despite being listed in the suit, the four MLSs are not listed as defendants.

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MLS Equity Brokerage Industrial 427

Housing Wire

AUGUST 9, 2023

The advent of artificial intelligence (AI) has been sending shockwaves across nearly every industry, and real estate is no exception. While our industry is notorious for its lethargic adoption of new technologies, it is inevitable that AI will reshape many of the traditional and archaic processes that exist today.

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Agents Brokerage Technology Industrial 369

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. The two MLSs named in the suit California Regional MLS and Combined L.A./Westside Westside MLS. It was filed on Wednesday in U.S.

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MLS Brokerage Agents As-is 517

Housing Wire

APRIL 3, 2024

Many in the industry believe the National Association of Realtors ‘ proposed $418 million settlement of the commission lawsuits will help CoStar to reach its goal. Analysts and industry experts attributed the differing stock performances to the business-model discrepancies between Zillow and Homes.com.

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MLS Residential Agents Industrial 395