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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 456
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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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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 324
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How real estate professionals can help first responders buy a home

Housing Wire

In all cases, close the video, article or session with a call to action: For more information about these and other special programs, call or text today at: enter your phone number. Department of Housing and Urban Development (HUD) which is offered to public servants, such as first responders. Stop relying so heavily just on your MLS!

VA loan 394
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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 380
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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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Op-Ed: Misguided DOJ Efforts Could Derail What a Pro-Consumer Real Estate Market Bolsters

RIS Media

And here is where the perils and unintended consequences of the actions by the Department of Justice against the current Multiple Listing Service (MLS) system are most alarming. Employing the free market principles of private property rights, competition and open negotiation, our MLS system remains the envy of the free world.