Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. NAR has also reached out to the U.S.

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HomeLight

MAY 8, 2024

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. If you’re selling a house “as is” in Lousiana, we’ve got you covered. No Is a real estate attorney required?

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Housing Wire

DECEMBER 27, 2023

District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings. Metro MLS will also end its ShowingTime integration in Feb. On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S.

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Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). NAR has aggressively enforced this rule across the country. On Wednesday a U.S.

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Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). With the Optimal Blue PPE’s extensive network of HFA content, lenders using the platform will now have access to more diverse financing options for their clients.

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Housing Wire

SEPTEMBER 27, 2023

Builders have been adjusting to the shifting market by lowering prices, and also by offering concessions, upgrades, and relatively more attractive builder financing,” Bright MLS Chief Economist Lisa Sturtevant said on Tuesday regarding new home sales. After experiencing a temporary hiccup between July 2022 to January 2023, the U.S.

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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

JANUARY 16, 2024

Like the other commission lawsuits, the Grace suit takes aim at NAR’s Participation Rule, which requires listing agents to make a blanket offer of compensation to the buyer’s broker in order to list the property on the MLS. In addition, BAREIS MLS has its own rule similar to NAR’s Participation Rule. 8, 2019, and the present.

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HomeLight

JANUARY 22, 2024

Looking to sell a house “as is” in Virginia? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. It’s the] same as, accounts are low but equity is high, and they want to just sell it as-is to get access to their equity,” he adds.

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Housing Wire

MARCH 15, 2024

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. You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.”

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Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

DECEMBER 19, 2023

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. MLS PIN, however, has not been as fortunate.

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Housing Wire

MARCH 28, 2024

Under the terms of NAR’s settlement agreement, the practice of cooperative compensation is still allowed, but it cannot be offered through a Multiple Listing Service (MLS). Sellers or buyers can pay the buyer’s agent’s fees. NAR also sent a letter to the U.S.

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VA loan Closing costs MLS Loans 414

Housing Wire

APRIL 17, 2024

The AMI, a robust measure of agent movement dynamics, is calculated from extensive national data drawn from major MLS systems and is released monthly. The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems. March’s report saw the AMI reaching a score of 114.6,

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Agents MLS Brokerage Industrial 386

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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As-is Inspection Finance Loans 83

Housing Wire

OCTOBER 4, 2023

In a statement of interest filed last Thursday, the DOJ noted that it had “significant concerns” about the proposed antitrust settlement agreement between home sellers and MLS Property Information Network (MLS PIN). MLS PIN, which is New England’s largest Multiple Listing Service (MLS), filed the settlement agreement in late June.

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Housing Wire

JANUARY 18, 2024

The two MLSs named in the suit California Regional MLS and Combined L.A./Westside Westside MLS. In the complaint, the plaintiffs take aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyers brokers in order to list a property on a NAR-affiliated MLS.

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MLS Brokerage Agents As-is 500

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 368

Housing Wire

OCTOBER 30, 2023

Originally filed in December 2020, the Nosalek lawsuit , named after its lead plaintiff, alleges that the broker-owned MLS PIN is not directly required to abide by the National Association of Realtors (NAR) rules. In addition to MLS PIN, Anywhere and RE/MAX, defendants in the suit include Keller Williams and HomeServices of America.

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Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. The DOJ is requesting that the court push the final approval hearing deadline from Jan. 4, 2024 to March 7, 2024. District Court in Boston who is overseeing the case.

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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.

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Industrial MLS FHA loan Agents 413

Housing Wire

FEBRUARY 21, 2024

The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems. Efforts are made to exclude out of market agents and those which are MLS system artifacts. With market uncertainty, real estate agents had been sticking with their current brokerage., respectively.

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Housing Wire

JANUARY 11, 2024

Called Clareity Assure, the new, upgraded security platform is available to any MLS concerned about vulnerabilities in its listing data. Security is one of the top issues on the minds of every MLS leader today,” Shaleen Khatod, executive of enterprise strategy and initiatives for CoreLogic , said in a statement. million.

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MLS Title Banks Industrial 346

Housing Wire

JANUARY 25, 2024

According to court documents filed on Wednesday, The PLS.com (the “P” stands for property and not pocket), has reached a settlement agreement with Bright MLS , Midwest Real Estate Data and California Regional Multiple Listing Service. As of Thursday morning, the details of the settlement have not yet been disclosed.

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MLS Agents As-is Marketing 397

Housing Wire

FEBRUARY 16, 2024

Like the other commission lawsuits, the Boykin suit is seeking class action status for anyone who listed a property on a MLS in Nevada using a listing agent affiliated with one of the brokerage defendants named in the suit and paid a buyer broker commission between Feb. The copycat commission lawsuit was filed on Friday in U.S.

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MLS Brokerage Agents Industrial 394

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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MLS Brokerage Agents Industrial 431

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. There are other ways to find inventory rather than just using your MLS. Top 10 ways to get homebuyers to work with you 1.

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Proof of funds Inspection contingency Inspection MLS 394

Housing Wire

OCTOBER 25, 2023

Originally filed in December 2020, the Nosalek lawsuit , named after its lead plaintiff, alleges that the broker-owned MLS PIN is not directly required to abide by the National Association of Realtors (NAR) rules. In addition to MLS PIN, Anywhere and RE/MAX, defendants in the suit include Keller Williams and HomeServices of America.

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MLS As-is Finance Brokerage 353

Housing Wire

OCTOBER 25, 2023

In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS. “Maybe the local company or the MLS does, but we don’t,” Blefari testified. He refused to provide evidence about the purpose of the rule, but he admitted the rule was a core component of the MLS.

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MLS Agents Brokerage As-is 396

Housing Wire

MARCH 1, 2023

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement.

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MLS Loan Officer Technology Loans 305

Housing Wire

MARCH 15, 2024

It also agreed to prohibit broker compensation appearing in the MLS fields. The settlement agreement also notes that MLS participants working with buyers must enter into a written buyer broker agreement. According to NAR, these changes will go into effect in mid-July 2024, assuming the settlement is approved.

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Industrial MLS Brokerage Agents 432

Housing Wire

FEBRUARY 13, 2024

” Bright MLS Chief Economist Lisa Sturtevant expects the Fed to cut rates later this year and forecasts mortgage rates to come down. Some analysts, chilled by Tuesday’s reading, think a May rate cut is now unlikely. “For timing, watch the jobless claims data more than inflation,” Mohtashami said.

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MLS Finance Mortgages Closing 401

Housing Wire

NOVEMBER 20, 2023

Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. When the MLS and Zillow came out, there were fears about the future of the real estate agent.

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Pre-approval Agents Loan Officer Seller concession 393

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively. ” What’s at stake?

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MLS Brokerage Agents Residential 448

Housing Wire

MARCH 25, 2024

There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.” Department of Veterans Affairs (VA) financing. “A Cooperative compensation is still legal,” Papasan stressed. In essence, the changes are the changes. The dust is settling.

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Purchase and sale agreement Agents Seller concession MLS 391

Housing Wire

AUGUST 10, 2023

A little over a month after filing an agreement in one of the ongoing buyer broker commission lawsuits, New England’s largest multiple listing service (MLS), MLS Property Information Network (MLS PIN)’s attempt to settle the Nosalek case, has hit a snag. However, unlike Moehrl and Burnett , NAR is not named as a defendant.

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MLS As-is Finance Agents 293

Housing Wire

NOVEMBER 10, 2023

The policy requires agents to provide a blanket offer of compensation to the buyer’s broker in order to list a property on the MLS. The policy requires agents to provide a blanket offer of compensation to the buyer’s broker in order to list a property on the MLS.

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MLS Brokerage Agents As-is 408

Housing Wire

MARCH 4, 2024

Due to this the plaintiffs allege that “Berkshire Hathaway Energy has engaged in price fixing by using our nation’s MLS system as a vehicle to fix, increase, raise, and stabilize the number of commissions that a homeowner has to pay to sell their home.”

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MLS Agents Industrial As-is 360