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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 452
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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.

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MBA president sees opportunities for dual licensing in post-settlement landscape

Housing Wire

The settlement also includes eliminating fields that display broker compensation on Multiple Listing Services (MLSs) and ending the blanket requirement that agents subscribe to an MLS to offer or accept compensation. There’s no such thing as a surprise at closing,” Broeksmit said. Regarding the resignation of U.S.

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Optimal Blue PPE adds investor content from 54 state-based HFAs

Housing Wire

HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments. formed a strategic alliance with Black Knight, giving Black Knight Paragon MLS platform users access to the Restb.ai

Investor 318
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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

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New home sales disappoint in October, prices fall

Housing Wire

Census Bureau and the Department of Housing and Urban Development ( HUD ). These days, the typical new home is just 5% more expensive than the typical existing home, according to Bright MLS Chief Economist Lisa Sturtevant. below the revised September rate of 719,000 but is 17.7% above the October 2022 estimate of 577,000.

Sales 356
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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

The three class action suits Moehrl , Sitzer/Burnett , and Nosalek , named after their lead plaintiffs, take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

Agents 375