Housing Wire

SEPTEMBER 13, 2023

Local Logic partners with some of the top tech vendors in the residential real estate industry, such as Black Knight , Constellation1 , CoreLogic , Inside Real Estate , and MoxiCloud. Local Logic also plans to continue expanding strategic partnerships with broker sites and MLS organizations.

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Residential MLS Investor Technology 468

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates.

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Brokerage Title Commercial MLS 448

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. It’s easy to understand what a market without an MLS would look like and why it doesn’t work. An additional $6,400.

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Housing Wire

AUGUST 22, 2024

Utah-based Wasatch Front Regional MLS , which does business as UtahRealEstate.com , is also named as a defendant in the suit. As a self-described “technology driven industry disrupter,” Homie’s business model involves charging home sellers a flat fee to list their property on the MLS. “As

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MLS Brokerage Residential Technology 482

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass.

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Brokerage Residential MLS Sales 369

Housing Wire

NOVEMBER 19, 2024

Formerly known as a collective of McEnearney Associates and Middleburg Real Estate/Atoka Properties , the firm’s agents serve both residential and commercial real estate clients across the Greater D.C. Howell is the current vice chairman of Bright MLS and has previously served as president of the Northern Virginia Association of Realtors.

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Principal Commercial MLS Branding 370

Housing Wire

APRIL 29, 2025

Homes.com continues to ascend and has become the second-largest residential real estate portal in the U.S., The platforms dedicated residential sales force has grown to 370 and is expected to hit 500 by the end of June. And we definitely dont divert leads. It happens in commercial real estate and across the globe.

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Agents MLS Branding Residential 195

Housing Wire

AUGUST 28, 2024

Well, this settlement focuses on Multiple Listing Services (MLS) in various ways which will impact the property market. This means that MLS participants working with buyers must enter into a written agreement with the buyer before touring a property. Eric Bramlett is the owner of Bramlett Residential.

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MLS Agents Residential Brokerage 481

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. ” What’s at stake?

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MLS Brokerage Agents Residential 482

Housing Wire

OCTOBER 19, 2023

The REBNY and the Residential Listing Service (RSL) in NYC are governed by the Universal Co-Brokerage Agreement (UCBA) and are independent from the National Association of Realtors. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent.

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Agents Residential MLS Brokerage 459

Housing Wire

JANUARY 9, 2024

Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.” 2023, the Masiello suit is seeking class action status for all persons who used any brokerage defendant to list and sell a home on an Arizona MLS and paid a buyer broker commission between Jan. commission ($10,250) to the buyer broker.”

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MLS Brokerage Residential As-is 488

Housing Wire

JUNE 10, 2021

REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. Non-MLS listings, including by REX, are relegated to other listings.

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Purchase and sale agreement MLS Brokerage Residential 397

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. District Court for the Western District of Pennsylvania.

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MLS Brokerage Agents Industrial 459

Housing Wire

AUGUST 19, 2024

“The biggest difference is that sellers need to have the new format and commission structure explained to them fully and carefully,” said Rachael Dotson, an agent at Rhode Island-based Residential Properties Ltd. Another wrinkle is that not all agents, brokerages or sellers are handling offers of buyer broker compensation the same way.

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Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

FEBRUARY 14, 2025

In response, many brokerage firms have adapted their business models to navigate these challenges. brokerage firms continues to decline, sitting near 10% by the end of 2024. Additionally, segmentation among brokerage firms is likely to increase, driven by differences in cost structures and technology adoption.

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Brokerage Residential Industrial Technology 259

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. While CoStar’s stock climbed more than 8% on the day, the other companies’ stocks fell 4.9-14.3%.

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Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story. The Minnesota-headquartered firm had $133.8

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Brokerage MLS Agents Branding 488

Housing Wire

FEBRUARY 28, 2024

At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. 2, 2019, and Oct. 2, 2023.

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MLS Residential Brokerage Agents 459

Housing Wire

AUGUST 26, 2024

Ryan Tomasello, an analyst at Keefe, Bruyette & Woods , attributes the downward pressure on buyer agent commission to the various changes mandated by the settlement agreement, including mandatory buyer representation agreements and the removal of offers of cooperative compensation from the MLS. “We’ve

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Brokerage Agents Industrial Banks 511

Housing Wire

JANUARY 6, 2023

The number of nonresidential building jobs again outpaced the number of residential building jobs added, at 5,800 jobs versus 3,100 jobs. Residential building construction employment increased by 0.3% Residential building is up 8.3% compared with pre-pandemic levels, while non-residential building remains 3.1%

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Marketing Residential Construction MLS 482

Housing Wire

APRIL 26, 2021

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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Purchase and sale agreement Agents Brokerage MLS 397

Housing Wire

MARCH 28, 2025

Agents can now spend time converting high-quality leads that are sure to turn into more closed deals instead of spending hours trying to identify potential sellers through expired MLS listings or door knocking. Smart Data: Over 1 billion data points on residential and commercial real estate.

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MLS Agents Commercial Technology 355

Housing Wire

JULY 3, 2024

But the brokerage firm is once again finding itself under fire after homebuyer plaintiff Scott Davis filed a suit against the firm’s parent company, Hanna Holdings , on May 31. After being voluntarily dismissed from the Batton 2 homebuyer commission lawsuit in early March, things were looking up for Howard Hanna Real Estate Services.

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MLS Residential Brokerage Agents 426

Housing Wire

MAY 3, 2021

“Zillow essentially concedes that NAR and MLS’s antiquated, anticompetitive rules are bad for consumers, but chose to close ranks and enforce them anyway.”. REX has argued that this “other” is pejorative and an attempt by NAR member brokerages to increase an anti-competitive stranglehold on home sales.

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Brokerage Residential MLS Agents 397

Housing Wire

FEBRUARY 21, 2024

The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. HomeServices of America can preserve some of its legal war chest — for now, at least. Judge Andrea Wood of the U.S.

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Brokerage Commercial MLS Residential 435

Housing Wire

JANUARY 19, 2024

Brokerages RE/MAX , Anywhere , Keller Williams , eXp World Holdings , NorCal Gold , Williams L. Despite not being affiliated with NAR, MetroList adopted a rule similar to NAR’s Participation Rule, requiring listing agents to make a blanket offer of compensation to buyers’ brokers in order to list a property on the MLS. “By

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MLS Residential Brokerage Agents 458

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. While the sale of a Realtor — owned MLS is important news, the rest of what has been reported on is not.

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Purchase and sale agreement Due diligence MLS Brokerage 435

Housing Wire

NOVEMBER 7, 2023

million after the brokerage paid its commissions and related expenses. However, it was better than the overall residential industry, which fell 20%, according to Greg Hart, chief operating officer at Compass. Revenue decreased by 10% year over year to $1.34 Revenue was revised down to $241.20

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Principal MLS Agents Brokerage 435

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. MLS PIN, which is New England’s largest Multiple Listing Service (MLS), filed the settlement agreement in late June.

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MLS Residential As-is Industrial 435

Housing Wire

NOVEMBER 16, 2023

For decades, disruptors and innovators in the residential real estate industry have been trying to chip away at the near monopoly that Realtors have had over home sales. We learned the hard way about the control that the NAR maintains over the entire residential real estate industry.

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MLS Residential Technology Agents 448

Housing Wire

OCTOBER 30, 2024

Brokerage founder and CEO Robert Reffkin laid his firm’s plans for the future bare during its third-quarter 2024 earnings call with investors and analysts on Wednesday. Listing inventory remains the lifeblood of the residential real estate marketplace,” Reffkin said. “At It deserves to be protected from the risk of MLS exposure.”

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MLS Brokerage Principal Agents 345

Housing Wire

OCTOBER 11, 2023

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? If 1 million agents disappear?

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Agents Purchase and sale agreement Brokerage Finance 497

Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4%

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MLS Residential Agents Industrial 481

Housing Wire

FEBRUARY 3, 2023

In addition, non-residential building construction added 4,100 jobs, compared to just 100 jobs in residential construction “Residential building construction employment is up 3.5% year over year, and non-residential increased 4.9%. Residential building construction employment is now up 11.6%

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Marketing Residential Construction MLS 370

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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MLS Brokerage Property Management Agents 345

Housing Wire

APRIL 23, 2024

The settlement agreement also mandates that MLS participants working with buyers must enter into a written buyer broker agreement. But the settlement does provide a mechanism for brokerages to opt in to the agreement if they so choose, or they can negotiate their own settlement, as Compass and The Real Brokerage have recently done.

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Brokerage Agents MLS Staging 448

Housing Wire

OCTOBER 25, 2024

PRO TIP IDX stands for Internet Data Exchange, a system that allows real estate agents and brokers to display Multiple Listing Service (MLS) listings on their websites. This makes Agent Image ideal for teams and boutique brokerages that want a fully customized website with built-in CRM features. per month Search experience: 4.8

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Branding Design Brokerage Agents 434