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CRMLS removes seller concession fields from platform

Housing Wire

California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. The nation’s largest MLS also added a field to indicate whether the amount being offered was a dollar amount of a percentage of the sales price of the home. CAR released its updated forms last week.

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Housing market sees record seller-buyer gap

Housing Wire

housing market is experiencing its largest-ever imbalance between home sellers and buyers, with an estimated 1.9 million sellers compared to 1.5 gap — or roughly 490,000 more sellers than buyers — and the widest margin recorded since Redfin’s data tracking began in 2013. fewer sellers than buyers.

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Bay East MLS removes field showing seller’s willingness to consider concessions

Housing Wire

17 , some MLSs have allowed agents to continue indicating whether their seller is willing to consider concessions. The Bay East Association of Realtors , located in the San Francisco Bay Area, is taking things a step further by removing its “Concessions Considered: Yes/No” field, according to an announcement on Monday.

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Bright MLS updates its platform to conform with NAR settlement 

Housing Wire

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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Objections abound as NAR settlement approaches final approval date

Housing Wire

Burton plaintiffs Attorneys for the Burton plaintiffs filed two objections on Monday, one against the NAR settlement and a second against HomeServices’ settlement. According to the filing, only one brokerage in South Carolina was not automatically grandfathered into the NAR settlement. “In

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Appraisers say it’s business as usual despite the NAR settlement changes

Housing Wire

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. But with the terms of the NAR settlement now in effect, much of that data is no longer available via the MLS.

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America’s top listing agents don’t want to deal with the buyer’s agent commission mess

Housing Wire

“We are changing our approach with a lot of things, and we are doing that with the collateral we put out, there is a video series we put out, and there are obviously conversation we are having with sellers on what it is they need to do, how it needs to be done and what their options are for doing it,” Harvey said.

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