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. As the trial of Burnett v. And who is hurt most by that proposition?

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Housing Wire

SEPTEMBER 27, 2024

An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. One of the interest parties they negotiated with was the existing board of directors, who in February believed they had a handshake deal to acquire the MLS.

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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.

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Housing Wire

OCTOBER 3, 2024

When speaking with a seller, Conrad explains the new MLS rules, talks about compensation, and makes sure the client knows that it’s completely negotiable. Conrad gives her clients a seller information packet, containing copies of JPAR’s forms and a guide to explain the new MLS rules.

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Housing Wire

AUGUST 28, 2024

Well, this settlement focuses on Multiple Listing Services (MLS) in various ways which will impact the property market. This means that MLS participants working with buyers must enter into a written agreement with the buyer before touring a property. But what are the practicalities of this new settlement?

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Housing Wire

SEPTEMBER 26, 2024

Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. The coverage is good for three years after the closing date on a home purchase, and the insurance covers up to 10% of the original purchase price.

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Housing Wire

MAY 10, 2023

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. Especially encouraging is that housing inflation pressure in the CPI is starting to ease, with April representing the smallest one month change in over two years.

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Housing Wire

AUGUST 19, 2024

When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. Most sellers see the value of making sure their deal closes and are open to discussions of some participation in the buyer’s agent fee.” The landmark date of Aug.

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Housing Wire

AUGUST 22, 2024

Is Ocusell replacing the need for Matrix, Paragon, or another legacy MLS interface? What typically happens is that the MLS vendor is hard-coding those changes into the interface and it’s not reflected in the metadata. JA: There are a number of different MLS compliance software solutions. We can do all this in real time.

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Housing Wire

OCTOBER 2, 2024

Do you detail the required agency forms, the potential pitfalls, and everything involved to make it to the closing table? Online and offline resources are at your fingertips as a real estate professional, giving you more ways to find inventory outside of your MLS. Here are our ten best practices for working with every buyer client.

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Housing Wire

FEBRUARY 12, 2024

Like the other commission lawsuits, the Jensen suit is seeking class action status for anyone who sold a property listed on Wasatch Front MLS , Washington County MLS , Iron County MLS or Summit County MLS between Feb. 9, 2020, and the present, and paid a buyer broker commission.

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Housing Wire

MARCH 18, 2024

Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. In addition, we are watching the count of active agents very closely. The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems. respectively.

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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.

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RIS Media

MAY 14, 2024

Bright MLS, which covers the mid-Atlantic regions of the eastern United States, has published its latest report chronicling changes (and continuity) in the region’s housing markets. “More… The post Bright MLS Releases Latest Mid-Atlantic Housing Update appeared first on RISMedia.

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Housing Wire

JUNE 26, 2024

According to Bright MLS, the 481,000 new homes on the market is the most since January 2008, when homebuilders pulled back on production before the financial crisis. It was at 8.1 months in April and 6.9 months one year ago. This inventory pileup could start to affect new-home prices.

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Sales MLS Closing costs Equity 441

Housing Wire

APRIL 17, 2024

Key highlights from this month’s AMI show that the decline in the number of active agents, those with a closing in the past year, has plateaued. We’re closely monitoring how these changes affect agent decisions, especially in light of recent industry-wide shifts. March’s report saw the AMI reaching a score of 114.6,

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Housing Wire

AUGUST 14, 2024

Harvey typically charges sellers a few hundred dollars to list their property on the MLS and will charge a 0.25% commission when the home successfully sells. In 2023, Harvey, who is brokered by ListWithFreedom.com, recorded 2,692 transaction sides for a total of $826.462 million in sales volume, according to 2024 RealTrends Verified data.

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HomeLight

MAY 8, 2024

Real estate attorneys are not considered essential for closing in the state of Louisiana Real estate transfer taxes? Selling a house “as is” in Louisiana? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes you may just want to skip repairs, get a fair cash offer for your property, and move on.

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Housing Wire

SEPTEMBER 20, 2024

The rule requires brokers and agents to submit a property to an MLS within a day after sharing it with the public. He believes that sellers will benefit from having more exposure for a specific property via MLS-syndicated data. But these examples are too few and far between to require a complete revamping of the policy. “If

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HomeLight

JANUARY 22, 2024

MLS has a field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Michigan. Looking into selling a house “as is” in Michigan? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes you’d rather skip the repairs, get a fair offer, and move on.

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HomeLight

JANUARY 12, 2024

MLS has a field to mark a listing “as is”? MLS has a field to mark a listing “as is”? Tennessee attorneys are not considered essential for closing in Tennessee Real estate transfer taxes? Are you curious about selling a house “as is” in Tennessee? Crosslin works with his wife, Melinda Crosslin , at Crye-Leike.

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Housing Wire

JULY 13, 2023

Overall, the economy is still very durable, said Lisa Sturtevant, chief economist of Bright MLS. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. And rates could remain above 6.5%

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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. Let’s break down the changes and the implications. As of Jan.

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MLS Agents Closing costs Residential 451

Housing Wire

OCTOBER 7, 2024

I’ve followed Opendoor closely over the past decade, and the company’s mission of simplifying real estate transactions is one that deeply resonates with me,” Freiha said in a statement. “I’m In June, Opendoor partnered with the privately owned My State MLS, which serves 60,000 agents in more than 50 markets. billion loss in 2022.

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Housing Wire

MARCH 8, 2024

Just as with the other copycat commission lawsuits, the Peiffer suit takes issue with 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 the MLS. The plaintiff is demanding damages, a permanent injunction and a jury trial.

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BAM Media

MAY 30, 2024

BAM Key Details: Northwest MLS (NWMLS) will not opt-in to the NAR settlement for two reasons, which they broke down in a recent statement on their website. A day later, California Regional MLS (CRMLS) launched a new set of MLS fields, Concessions in Place (CiP), to improve communication between listing agents, buyer agents, and homebuyers.

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HomeLight

JANUARY 22, 2024

Skip repairs and close in as few as 10 days. Real estate attorneys are not considered essential for closing in the state of Virginia Real estate transfer taxes? Looking to sell a house “as is” in Virginia? The second reason we come across is speed and convenience. Yes Is a real estate attorney required?

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Housing Wire

JULY 2, 2024

In a message on Realtor Hub , a forum for NAR members, trade group president Kevin Sears told members that the DOJ is keeping “a close eye” on the industry, as first reported by Inman News. This came after a closed-door meeting with federal regulators late last week, led by Assistant Attorney General Jonathan Kanter.

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MLS Industrial Brokerage Closing 451

Housing Wire

AUGUST 9, 2024

Using standardized forms to outline buyer’s agent compensation plays into what lawyers would consider to be a “potential conspiracy,” since you’d be prioritizing compensation over seller needs and using the MLS as a vessel for these transactions. To illustrate his point, Dwiggins uses a car dealership analogy.

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Real Estate News

MAY 3, 2023

Frank Major is remembered as a “smart and kind” leader who served on the board of RESO and Byte Back, an organization working to close the digital divide.

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HomeLight

DECEMBER 31, 2023

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

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Housing Wire

OCTOBER 8, 2024

She believes that intermediate-level agents may not have strong negotiation skills as they have mainly relied on MLS listings to market properties to buyers. She urges agents to take these calls without delay, while reaching out to the closing agent to compare the previous sale price to the current appraised value.

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Housing Wire

DECEMBER 12, 2023

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. Grace is seeking class action status for the suit, with the proposed class being any homeowner who listed and sold a home on BAREIS MLS between Dec.

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Housing Wire

OCTOBER 9, 2024

The previous system guaranteed buyer agent payment through MLS enforcement. As the buy-side agent, you don’t want to get to the closing table and realize that the seller isn’t going to cover your compensation because you didn’t ask for it in the purchase and sales and your buyer doesn’t have the money to come out of pocket,” McIntire said.

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Purchase and sale agreement Agents Sales Closing 451

Housing Wire

OCTOBER 22, 2024

Leo CoPilot can help agents generate automated marketing materials by leveraging data from an MLS. The Real Brokerage is keeping attendees of RISE, its third annual agent conference, on their toes. From the RISE stage in Las Vegas , Real unveiled three new products for agents and clients on Tuesday. and Canada.

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Housing Wire

SEPTEMBER 9, 2024

The plaintiff claimed that the ban takes away agents’ marketing choices, and they allege that the requirement for listing brokers to submit a listing to their MLS within one business day of marketing a property to the public violates the federal Sherman Antitrust Act. The most important upcoming deadline is Dec.

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Housing Wire

AUGUST 30, 2024

Sitzer’s legal action not only resulted in financial settlements, but also business practice changes that went into effect earlier this month , the most notable of which are the removal of buyer broker compensation from the MLS and mandatory buyer broker agreements.

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