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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. LOs on average get about 1%.)

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‘Worst possible outcome’: Industry experts weigh in on DOJ’s desire to decouple commissions

Housing Wire

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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DOJ advocates for prohibition of cooperative compensation in Nosalek commission lawsuit

Housing Wire

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

MLS 419
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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 Black Knight, Inc.

Investor 318
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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. According to the plaintiffs, commission sharing inflates the costs for consumers, in violation of the Sherman Antitrust Act.

Agents 375
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How real estate professionals can help first responders buy a home

Housing Wire

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. Stop relying so heavily just on your MLS!

VA loan 388
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Opinion: Are lenders dropping the ball on homeowner assistance?

Housing Wire

From Multiple Listing Services (MLS) to consumer-facing giants like Zillow , Realtor.com and Redfin , the real estate industry is raising awareness about homebuyer assistance programs through agent education and self-service tools that help consumers find programs they qualify for. counties.

Finance 347