Housing Wire

MAY 29, 2024

Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. Secret deals’ The NWMLS board of directors made the decision to opt out at its most recent meeting, the organization said Tuesday.

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Housing Wire

FEBRUARY 16, 2024

California Regional MLS (CRMLS), the largest MLS in the country, has teamed up with technology provider Immobel to roll out two new products, MLS Match and Xomio, the company announced on Wednesday. Xomio, similarly, simplifies the labor of building a website and increases reach online.

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Housing Wire

OCTOBER 17, 2023

We are optimistic and hopeful that the value of the MLS and the role of the agent will prevail so that we can continue to provide an efficient and transparent marketplace for consumers.” According to the two settlement agreements, the firms are no longer allowed to require agents to belong to NAR.

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Housing Wire

OCTOBER 3, 2024

Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent. She also explores JPAR’s agent training and resource efforts.

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Housing Wire

JULY 22, 2024

VestaPlus , a software development firm known for its MLS solutions geared to real estate agents, has entered into a strategic partnership with California -based San Diego MLS. Checkmate also gives users the ability to tier fines, track agent violations and pinpoint agents that have no compliance issues.

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Housing Wire

MAY 30, 2024

Bright MLS , the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors ’ recent settlement of the real estate agent commission lawsuits. Bright MLS also tells agents and brokers that commissions are negotiable.

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Housing Wire

AUGUST 27, 2024

17 , some MLSs have allowed agents to continue indicating whether their seller is willing to consider concessions. The MLS recently made this field mandatory, but in its announcement, it said it decided to make the change following feedback from its members. The changes went into effect Tuesday.

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Housing Wire

JANUARY 24, 2024

Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology , according to an announcement on Tuesday. The tool also automatically builds advertising for agents that includes their business details, including their name and brokerage.

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Housing Wire

APRIL 9, 2024

Kansas City -based Heartland Multiple Listing Service ( MLS ) has announced a strategic integration with Down Payment Resource (DPR) to enhance accessibility to homeownership for residents across the Greater Kansas City area. Moreover, within the Heartland MLS footprint, 27 agencies administer 39 distinct homebuyer assistance programs.

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Housing Wire

AUGUST 12, 2024

district court judge in Pennsylvania may have denied its motion to stay the Moratis copycat commission lawsuit, defendant West Penn MLS is not backing down without a fight. As part of this filing, West Penn MLS submitted its rules, which it claims eliminates the need for discovery. While a U.S.

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Housing Wire

JUNE 11, 2024

In a legal brief filed on Monday, MLS Property Information Network (MLS PIN) made it clear that it does not agree with the Department of Justice ‘s position on the banning of cooperative compensation, as outlined in the DOJ’s statement of interest in the Nosalek commission lawsuit.

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Housing Wire

JUNE 25, 2024

News of the deal, which the board learned about late last week, surprised the MLS executives who had been approached by the shareholders in January. REcolorado is the 16 th largest MLS in the country with 25,000 members. So when the shareholders offered to let the MLS buy itself out, “we jumped at the chance,” Vincent said.

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Housing Wire

JUNE 21, 2024

The future for West Penn MLS is a bit uncertain after Judge William Stickman denied its motion to stay the Moratis commission lawsuit (formerly known as the Spring Way suit ) on Thursday. West Penn MLS did not return a request for comment.

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Housing Wire

JANUARY 12, 2024

Agents and brokers in Colorado will soon be able to view listings and share their own listings, with real estate professionals in four other metro areas. Our partnership with REcolorado is a real win for real estate agents and brokers in Colorado, Georgia, and beyond,” Jeremy Crawford, president and CEO of FMLS, said in a statement.

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Housing Wire

MARCH 13, 2024

Saris will allow the Nosalek commission lawsuit plaintiffs and MLS Property Information Network (MLS PIN) defendants to file a response to the Department of Justice’s statement of interest. The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023.

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Housing Wire

MAY 16, 2024

With the latest industry turmoil around compensation, steering and more due to lawsuits and the investigation by the Department of Justice , those outside the housing industry would assume the benefit to listing a home on the MLS would be negligible. “[That study] just showed the averages off-MLS versus the averages on-MLS.”

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Housing Wire

JULY 2, 2024

The Arizona Regional Multiple Listing Service (ARMLS) announced a partnership with Lone Wolf Technologies that will give ARMLS subscribers access to a tool designed to give agents information to guide their clients through an uncertain market. ” This isn’t Lone Wolf’s first partnership with an MLS this year. .

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Housing Wire

APRIL 12, 2024

Stellar MLS , the third-largest MLS in the country, has expanded its partnership with artificial intelligence company Lundy Inc. Lundy’s “Finding Homes” feature will be accessible to all Stellar MLS customers, including those in Florida and Puerto Rico, where Stellar serves as the largest MLS.

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Housing Wire

JUNE 24, 2024

Bright MLS — one of the nation’s largest multiple listing services that covers six Mid-Atlantic states and the District of Columbia — recently polled buyer and seller agents on what their clients are thinking during their home searches, including thoughts on mortgage rate hikes that have plagued other markets.

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Housing Wire

JUNE 28, 2024

Despite lacking final court approval — and while facing vocal disapproval from the Department of Justice — MLS Property Information Network has decided to move forward in implementing some of the changes outlined in its settlement agreement for the Nosalek commission lawsuit. MLS PIN did not specify when these changes would be put in place.

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Housing Wire

JUNE 27, 2024

In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. REcolorado is the 16th-largest MLS in the United States and has 25,000 members.

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Housing Wire

JULY 16, 2024

The North Carolina Regional MLS (NCRMLS) has expanded into Georgia. According to an announcement on Monday, the MLS has recently welcomed the strategic additions of Savannah MLS , Athens Area Association of Realtors and Classic MLS , and the Realtors of Greater Augusta into its fold.

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Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

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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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Housing Wire

AUGUST 14, 2024

Ralph Harvey , Jason Saphire and Ben Caballero are three of the most prolific agents in America. But these listing-only agents are still having to adjust their practices to conform with the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement that goes into effect on Saturday.

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Housing Wire

MARCH 28, 2024

Kirkland, Washington-based Northwest MLS (NWMLS) is looking to have its voice heard in a lawsuit all the way on the other side of the country. The MLS added that in the DOJ’s argument about steering, it did not acknowledge that the rule changes also made information about sellers’ offers of compensation available to other consumers. “DOJ’s

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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

JUNE 27, 2024

In the constantly evolving real estate landscape, Multiple Listing Services (MLSs) today face a significant challenge: agent attrition. As interest rates have remained comparatively high and property prices have soared, the for-sale market has stalled, resulting in many agents now selling only a few properties a year.

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Housing Wire

SEPTEMBER 26, 2024

In the six months since news of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. in buyer’s agent compensation, down 0.13% from the average prior to the business practice changes.

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Housing Wire

AUGUST 19, 2024

But even though O’Koniewski and her agents have spent months preparing for these changes, she said the date did not come without a sense of trepidation. “I Not that individual agents might be struggling or running into things, but I haven’t seen or heard any horror stories or anything awful yet.” I know quite a few agents it hurt.

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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

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace.

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Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools. Other notable MLSs in the program include Bright MLS , the Houston Association of Realtors and Georgia MLS.

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MLS Technology Mortgages Industrial 417

RIS Media

SEPTEMBER 18, 2024

Stellar MLS has partnered with leading global real estate technology supplier Immobel to offer MLS Match—a direct referral network/marketplace to Stellar MLS customers. The user-friendly… The post Stellar MLS Offers Direct Referral Network ‘MLS Match’ appeared first on RISMedia.

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Housing Wire

JULY 26, 2024

Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. Payload has designed a tool to help agents bill their buyer clients.

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Housing Wire

JUNE 6, 2024

Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents , indicating potential changes in market conditions and strategies among brokerages. The propensity for agents to move has been increasing since early fall of 2023.

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Real Estate News

APRIL 13, 2024

Bright MLS legal counsel Brian Schneider explained the ins and outs of the NAR settlement rule changes. Here’s what real estate professionals need to know.

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