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Industry reacts to Redfin-NAR split: ‘It’s a crack in the wall’

Housing Wire

“We started this process back in June when I resigned our NAR board seat, which are appointed to the top 50 brokerages in the country,” Rath told HousingWire in an interview Tuesday. model of local MLS broker marketplaces has long been — and still is — considered the best value in the world. There is a lot of unwinding to do there.”

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Kevin Sears pulls back the curtain on NAR’s commission lawsuit settlement

Housing Wire

The settlement agreement also mandates that MLS participants working with buyers must enter into a written buyer broker agreement. But the settlement does provide a mechanism for brokerages to opt in to the agreement if they so choose, or they can negotiate their own settlement, as Compass and The Real Brokerage have recently done.

Brokerage 399
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system.

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HomeServices appeal rejected as October commission trial looms

Housing Wire

Originally filed in 2019, the lawsuit won class-action status shortly after, and alleges that some NAR rules, including one that requires listing brokers to offer buyers’ brokers a commission in order to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

MLS 365
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More MLS Musings: 2023 Year-End Edition!

Toronto Realty Blog

TorontoRealtyBlog Geez, what happened to “More MLS Musings?” However, the Brokerage Remarks provide a slightly different explanation: Okay. This is an abuse of the MLS system, right? ” Perhaps I got carried away this year actually writing about real estate! So it’s a den? Or it’s not a den?

MLS 84
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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

I reported the numbers and walked off the stage.” Ketchmark also brought up Keller’s book “The Millionaire Real Estate Agent,” which discusses the ‘co-opetition’ model that has evolved among rival brokerages. In his opening remarks addressing the jury and member of the public gathered in the Kansas City courtroom belonging to U.S.

Brokerage 424
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9 Services Smart Brokerages Are Offering to Attract More Agents

The Close

Today’s sophisticated agents want more from their real estate brokerage than just the basic file review, supervision, and commission disbursement. So if you don’t want your brokerage to get left in the dust, you will need to step up the real estate services you provide. You’ll quickly overload yourself and your staff. Let’s dive in.