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.

MLS 457

MLS Brokerage Agents Closing costs 457

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.

Agents 527

Agents Seller concession VA loan Finance 527

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.

Agents 412

Agents Brokerage MLS Technology 412

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Inman

DECEMBER 13, 2023

OneKey MLS's purchase of broker-owned Mid-Hudson MLS is expected to close in January. OneKey says it will provide more data and reach to agents while saving time and money.

MLS 150

MLS Agents Closing 150

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

Agents 431

Agents Brokerage Investor MLS 431

RIS Media

MAY 16, 2024

Colette Stevenson is CEO of REsides, an innovative Multiple Listing Service (MLS) model that ensures equitable ownership for all stakeholders. Dedicated to empowering brokers and agents with actionable data, she strives to provide value beyond industry conventions. “I

MLS 105

MLS Brokerage Industrial Closing 105

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. This past December, my mother and father closed on their home of 35 years in Limerick, Ireland, after 10 months “in escrow.” They also recently closed on their purchase of a new home. And that home rental between closings? An additional $6,400.

MLS 382

MLS Purchase and sale agreement Brokerage Closing 382

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.”

Agents 393

Agents Loan Officer Lending MLS 393

Housing Wire

NOVEMBER 8, 2023

Moving past cooperative compensation In early August, Bright MLS , the nation’s second largest MLS, began allowing listing agents to use a $0 blanket offer of compensation for buyer brokers and still list a property on the MLS. As of Jan.

MLS 433

MLS Agents Closing costs Residential 433

RIS Media

FEBRUARY 8, 2024

California Regional MLS (CRMLS) now offers TheQwikFix, a service that allows agents to upload property reports and then receive detailed and competitively priced repair quotes from local, licensed contractors who are available to complete the job before or shortly after closing.

MLS 126

MLS Closing Agents Industrial 126

Housing Wire

FEBRUARY 16, 2024

In its statement of interest relating to MLS Property Information Network ’s (MLS PIN) settlement agreement with the Nosalek commission lawsuit plaintiffs, filed Thursday evening, the DOJ recommended that Judge Patti D. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

MLS 424

MLS Lending Closing costs Agents 424

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. While there are now close to two dozen copycat commission lawsuit across the country, this is the first filed in Utah. 9, 2020, and the present, and paid a buyer broker commission.

MLS 433

MLS Equity Brokerage Industrial 433

Housing Wire

APRIL 26, 2021

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Unclear is whether the California MLS may renege its relationship with Glide.

Purchase and sale agreement 382

Purchase and sale agreement Agents Brokerage MLS 382

Housing Wire

MARCH 8, 2024

Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. 26 firm in the RealTrends 500 for transaction sides, after its agents closed 16,658 transaction sides in 2022. District Court in New Orleans, home seller plaintiff Joseph C.

MLS 414

MLS Brokerage Agents As-is 414

Housing Wire

JULY 25, 2023

Let’s say you are committed to earning while you learn, that you become only somewhat efficient at prospecting expired sellers, somewhat proficient with the scripts and closing, and you win some of the time… The math is still on your side! You can see this when you monitor your MLS hot sheet daily.

Agents 369

Agents MLS Marketing As-is 369

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I

Industrial 414

Industrial Brokerage MLS Agents 414

Housing Wire

DECEMBER 12, 2023

District Court for Northern California, accusing the real estate industry of colluding to artificially inflate real estate agent commissions. The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent.

MLS 442

MLS Brokerage Agents Industrial 442

Housing Wire

JANUARY 5, 2024

The trade group closed out 2023 with 1,554,604 members. This decline may partially be attributed to the state’s largest MLS , Northwest MLS , not being affiliated with NAR, and the state being home to Redfin , which announced in October that it was asking agents to allow their NAR membership to lapse where possible.

MLS 441

MLS Agents Sales Industrial 441

Housing Wire

APRIL 4, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Sheila Reddy, CEO at Mosaik, to talk about how the company is leveraging their experience building technology solutions for healthcare to benefit real estate agents and homebuyers. This interview has been edited for length and clarity. Mosaik being very client-centric helps support that.

Technology 414

Technology MLS Agents Design 414

Housing Wire

AUGUST 9, 2023

This piece will explore some of the key domains where AI is having the greatest impact for real estate agents, brokers and the innovative companies leading the charge. Their all-in-one platform allows agents to send out mailers to leads at scale, with personalized copy developed by AI and hand-written notes produced by robots.

Agents 370

Agents Brokerage Technology Industrial 370

Housing Wire

APRIL 3, 2024

CoStar announced last month that monthly traffic at Homes.com surpassed 149 million unique visitors in February, inching closing to the 194 million unique monthly visitors that Zillow reported in fourth-quarter 2023. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

MLS 449

MLS Residential Agents Industrial 449

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.

VA loan 442

VA loan Closing costs MLS Loans 442

Housing Wire

SEPTEMBER 19, 2022

Beginning a career as a real estate agent is an exciting time. That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. . That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. .

Agents 370

Agents Loan Officer MLS Loans 370

Housing Wire

AUGUST 31, 2022

So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients. The legacy CMA process is 25 to 30 years old and takes a great deal of time to perform manually. geniusprice technology is not a CMA.

Agents 370

Agents Technology MLS Development 370

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? There are other ways to find inventory rather than just using your MLS. Be the reason they make it to the closing table.

Proof of funds 424

Proof of funds Inspection contingency Inspection MLS 424

Housing Wire

OCTOBER 31, 2023

As I write this, we anticipate the final jury verdict today in the closely watched Sitzer/Burnett class-action commission lawsuit trial. Most assuredly, the plaintiff attorneys in the subsequent cases are closely watching, and even as you read this are rapidly modifying strategies to be even more effective for their time in the sun.

MLS 414

MLS Agents Industrial Technology 414

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.

Industrial 414

Industrial MLS FHA loan Agents 414

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

MLS 424

MLS Brokerage Agents Industrial 424

Realty Biz

NOVEMBER 28, 2023

The Multiple Listing Service (MLS) is a vital resource in the real estate market. Understanding MLS abbreviations is crucial when navigating property listings. Additionally, MLS codes indicate property status, pricing, and sales information. Understanding the MLS and its significance in property buying and selling is essential.

MLS 104

MLS Purchase and sale agreement Sales Agents 104

Housing Wire

OCTOBER 24, 2023

This means sellers wind up paying inflated commissions at closing. Goldberg responded that the analogy does not fit because agents are selling services and not a product. He noted that picking up the phone each time and negotiating with every buy-side agent, as Ketchmark suggested, would be highly inefficient.

MLS 414

MLS Principal Brokerage Agents 414

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. Somebody has a problem once and then that story just spread.

VA loan 393

VA loan Agents Pre-approval Debt-to-income ratio 393

RIS Media

JUNE 27, 2023

OneKey® MLS, the largest MLS in New York, has announced that residential, condo, and co-op sales transactions in the regional MLS coverage area saw a 2.6% increase in closed median sale price month-over-month from April to May 2023. MoM appeared first on RISMedia. MoM appeared first on RISMedia.

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Residential Closing Sales MLS 122

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.

Industrial 424

Industrial Title MLS Technology 424

Housing Wire

SEPTEMBER 18, 2023

In addition, RealTrends Consulting co-founder Steve Murray notes that the settlement agreements might prevent firms that operate under a franchise model from requiring that franchises belong to a Realtor association at any level, that franchises abide by the Realtor Code of Ethics , and that franchise abide by Realtor-affiliated MLS guidelines.

MLS 483

MLS Branding Agents Brokerage 483

Housing Wire

NOVEMBER 1, 2023

The new lawsuit, known as Gibson after its lead plaintiff, accuses the National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman , of conspiring to inflate real estate agent commissions.

MLS 414

MLS Brokerage Industrial Agents 414

Housing Wire

MARCH 29, 2024

While it may not be seeking class-action status like other commission lawsuits, the Wang suit takes aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor-affiliated MLS. according to the complaint.

Purchase and sale agreement 433

Purchase and sale agreement MLS Agents Residential 433