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Bright MLS to allow $0 buyer broker commissions

Housing Wire

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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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

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.” If they want to hire just a regular agent, they are free to do that.

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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

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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Revive launches AI-powered listing tool for real estate agents

Housing Wire

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. The tool requires real estate agents to upload a minimum of 10 photos of the property. Homeowners are still advised to seek guidance from industry professionals tailored to their unique situations.

Agents 355
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Redfin reveals new AI-powered listing photos tool

Housing Wire

This tool uses technology from Roomvo , a home design visualization platform. The tool empowers prospective homebuyers to imagine the potential of a home while playing with different design styles. It’s one way Redfin ‘s using AI to make real estate better for buyers, sellers, and agents.”

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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Across the nation, buyer broker agreements have always been recommended, but the Northwest MLS required them and then the state of Washington began requiring them.”

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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

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. The firm was appointed as the designated settlement administrator for the suit in 2022, over a year prior to any settlement agreements being reached. Millions are expected to be sent out across America. “If

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