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Why the US MLS system is the envy of other countries

Housing Wire

Multiple Listing Services (MLS) by those trying to disparage the system. They also recently closed on their purchase of a new home. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. All in all, my parents paid 4.5%

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

Housing Wire

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. 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.”

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Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month.

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DataDigest: What happens if 1 million real estate agents disappear?

Housing Wire

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Who’s most exposed? But that statement comes with a big asterisk.

Agents 470
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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. As with every state where buyer agency laws exist, the licensee’s native status is as a transaction broker or facilitator unless and until a separate, bilateral agency agreement is executed.

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Why Are The MLS Listing Codes and Abbreviations Important to Know?

Realty Biz

The Multiple Listing Service (MLS) is a vital resource in the real estate market. It provides a comprehensive database of properties available for sale, maintained by real estate brokers. Understanding MLS abbreviations is crucial when navigating property listings. What is the Multiple Listing Service?

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