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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%

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Utah MLS dismissed from Homie’s antitrust lawsuit

Housing Wire

On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. But the MLS defendant was dismissed without prejudice, which means Homie could refile its suit against UtahRealEstate.com.

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The future of the MLS may be murky, but brokers still want the data

Housing Wire

As a panel of real estate leaders gathered to discuss the future of the MLS at the National Association of Realtors ‘ NXT conference in Boston, Errol Samuelson , Zillow ‘s chief industry development officer, found himself and his company in a bit different standing than usual with the audience of several hundred agents and brokers.

MLS 367
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Compass has sued an MLS. History could shed light on its antitrust claims

Housing Wire

The antitrust lawsuit filed last week by Compass against Northwest MLS (NWMLS) has generated a lot of talk , but it is far from the first time a brokerage has sued an MLS over an alleged antitrust injury. But these focus on the National Association of Realtors (NAR) three-way membership agreement and access to the MLS.

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Let capitalism cook: The case for repealing MLS clear cooperation rules

Housing Wire

The rational case for repealing MLS Clear Cooperation rules. Are we comparing it to Compass’ gamesmanship ushering in a worst-case scenario where buyers need to go through 20 brokerage websites to see all that’s available? MLS system offers transparency, but at what cost? MLS is not capitalism in its final form.

MLS 370
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What should other brokerages glean from Howard Hanna’s commission lawsuit dismissal?

Housing Wire

Most of the suits cite NAR’s Participation Rule, which required listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on an MLS. But West Penn MLS , the multiple listing service at the center of the Moratis suit, is owned by local brokers and not a Realtor association.

Brokerage 405
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NAR unveils new MLS options policy, leaves CCP in place

Housing Wire

According to the release, this new policy compliments NAR s existing MLS policies and that it will exist in conjunction with CCP.The trade group feels the policy provides sellers and their agent more options and choice when marketing a property. According to NAR, each MLS will have the ability to determine its own delayed marketing period.

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