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Judge closes, then reopens Nosalek commission lawsuit court docket

Housing Wire

As a result, the docket was listed as closed as of Thursday morning before being reopened at midday. That’s because the deadline for the Department of Justice (DOJ) to file its statement of interest in the MLS Property Information Network (MLS PIN) settlement agreement is at the end of the day Thursday. The remaining $1.64

Closing 393
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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

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. And who is hurt most by that proposition?

MLS 487
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Compass acquisition could worry some California agents

Housing Wire

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Unclear is whether the California MLS may renege its relationship with Glide. You could understand why other brokerages and agents wouldn’t be entirely convinced their data would be cordoned off.

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RealTrends 1000: 50% increase in transaction sides in ’20

Housing Wire

Ben developed a process and a service offering — very focused and limited in scope — to help large-production builders effectively market their properties through the MLS and other online resources. He gets paid a fee at closing, and he’s very effective at it. closed sides in 2020 versus 106.9 in 2020 over 2019.

Brokerage 460
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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

Some of the nation’s largest real estate brokerages, including Keller Williams, RE/MAX , HomeServices of America as well as the National Association of Realtors , are facing three class action lawsuits (NAR is only named as a defendant in two lawsuits) that could result in the industry paying out tens of billions in damages.

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From Portal to Brokerage: Zillow Takes Massive Next Step Into All-in-One Real Estate Services

RIS Media

Over the last several years, Zillow has been transitioning from a real estate search portal into a streamlined buying and selling entity that offers iBuying services through Zillow Offers , and mortgage, title and escrow services through Zillow Home Loans and Zillow Closing Services. ” This is a developing story.

Brokerage 118