Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Our current mortgage finance system does not allow commissions to be plopped on top,” Lamacchia said. Department of Veteran Affairs (VA) loans.

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MLS VA loan Agents As-is 438

RIS Media

MAY 7, 2024

Bringing together ostensible outsiders with deep experience in the realm of housing policy and finance, the National Association of REALTORS® (NAR) billed the panel—taking place during the organization’s midyear legislative meetings in Washington D.C.

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Finance MLS Loans Industrial 114

Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value.

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Agents Seller concession VA loan Finance 530

Housing Wire

DECEMBER 27, 2023

District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings. Metro MLS will also end its ShowingTime integration in Feb. On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S.

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MLS Agents Industrial As-is 496

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). With the Optimal Blue PPE’s extensive network of HFA content, lenders using the platform will now have access to more diverse financing options for their clients.

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Investor MLS Finance Closing costs 361

Housing Wire

JANUARY 16, 2024

Like the other commission lawsuits, the Grace suit takes aim at NAR’s Participation Rule, which requires listing agents to make a blanket offer of compensation to the buyer’s broker in order to list the property on the MLS. In addition, BAREIS MLS has its own rule similar to NAR’s Participation Rule. 8, 2019, and the present.

Brokerage 410

Brokerage MLS Agents As-is 410

Housing Wire

FEBRUARY 12, 2024

Like the other commission lawsuits, the Jensen suit is seeking class action status for anyone who sold a property listed on Wasatch Front MLS , Washington County MLS , Iron County MLS or Summit County MLS between Feb. 9, 2020, and the present, and paid a buyer broker commission.

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MLS Equity Brokerage Industrial 438

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). With NAR’s latest announcement other MLS’ may choose to follow suit.

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MLS Brokerage Agents As-is 500

Housing Wire

DECEMBER 19, 2023

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. MLS PIN, however, has not been as fortunate.

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MLS Residential Development As-is 393

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. in September.

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Principal MLS Finance Mortgages 473

Housing Wire

SEPTEMBER 27, 2023

Builders have been adjusting to the shifting market by lowering prices, and also by offering concessions, upgrades, and relatively more attractive builder financing,” Bright MLS Chief Economist Lisa Sturtevant said on Tuesday regarding new home sales. Part of the price drop has been a shift to sales of smaller, less expensive homes.”

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Marketing New Construction Finance Construction 514

Housing Wire

NOVEMBER 8, 2023

Moving past cooperative compensation In early August, Bright MLS , the nation’s second largest MLS, began allowing listing agents to use a $0 blanket offer of compensation for buyer brokers and still list a property on the MLS. Let’s break down the changes and the implications.

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MLS Agents Closing costs Residential 413

Housing Wire

OCTOBER 4, 2023

In a statement of interest filed last Thursday, the DOJ noted that it had “significant concerns” about the proposed antitrust settlement agreement between home sellers and MLS Property Information Network (MLS PIN). MLS PIN, which is New England’s largest Multiple Listing Service (MLS), filed the settlement agreement in late June.

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MLS As-is Finance Brokerage 415

Housing Wire

MARCH 15, 2024

He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.”

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

APRIL 17, 2024

The AMI, a robust measure of agent movement dynamics, is calculated from extensive national data drawn from major MLS systems and is released monthly. The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems. March’s report saw the AMI reaching a score of 114.6,

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Agents MLS Brokerage Industrial 415

Housing Wire

OCTOBER 30, 2023

Originally filed in December 2020, the Nosalek lawsuit , named after its lead plaintiff, alleges that the broker-owned MLS PIN is not directly required to abide by the National Association of Realtors (NAR) rules. In addition to MLS PIN, Anywhere and RE/MAX, defendants in the suit include Keller Williams and HomeServices of America.

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MLS As-is Finance 392

Housing Wire

MARCH 28, 2024

Under the terms of NAR’s settlement agreement, the practice of cooperative compensation is still allowed, but it cannot be offered through a Multiple Listing Service (MLS). Sellers or buyers can pay the buyer’s agent’s fees.

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VA loan Closing costs MLS Loans 444

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 398

Housing Wire

MARCH 1, 2023

San Francisco-based SaaS technology provider Polly on Monday announced its API integration with Total Expert, a customer engagement platform purpose-built for financial institutions. Total Expert provides customer engagement solutions for more than 175 modern financial institutions, unifying data, marketing, sales, and compliance solutions.

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MLS Loan Officer Technology Loans 341

Housing Wire

SEPTEMBER 13, 2023

Additionally, the partnership comes off the heels of a $13 million Series B financing for Local Logic in August. Local Logic also plans to continue expanding strategic partnerships with broker sites and MLS organizations.

Residential 415

Residential MLS Investor Technology 415

Housing Wire

JANUARY 18, 2024

The two MLSs named in the suit California Regional MLS and Combined L.A./Westside Westside MLS. In the complaint, the plaintiffs take aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyers brokers in order to list a property on a NAR-affiliated MLS.

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MLS Brokerage Agents As-is 525

Housing Wire

JANUARY 25, 2024

According to court documents filed on Wednesday, The PLS.com (the “P” stands for property and not pocket), has reached a settlement agreement with Bright MLS , Midwest Real Estate Data and California Regional Multiple Listing Service. Originally filed in May 2020, the lawsuit takes aim at NAR’s ban on pocket listings.

MLS 426

MLS Agents As-is Marketing 426

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. Grace is seeking class action status for the suit, with the proposed class being any homeowner who listed and sold a home on BAREIS MLS between Dec.

MLS 449

MLS Brokerage Agents Industrial 449

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. There are other ways to find inventory rather than just using your MLS. Online and offline resources are at your fingertips.

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Proof of funds Inspection contingency Inspection MLS 425

Housing Wire

JANUARY 11, 2024

Called Clareity Assure, the new, upgraded security platform is available to any MLS concerned about vulnerabilities in its listing data. Security is one of the top issues on the minds of every MLS leader today,” Shaleen Khatod, executive of enterprise strategy and initiatives for CoreLogic , said in a statement.

MLS 391

MLS Title Banks Industrial 391

Real Estate News

JULY 30, 2023

SentriLock signs Alabama associations; CubiCasa adds 10 MLS partners; Compass unveils Performance Tracker; Far Homes releases Mexico financing tool; more.

MLS 237

MLS Finance 237

Housing Wire

FEBRUARY 16, 2024

Like the other commission lawsuits, the Boykin suit is seeking class action status for anyone who listed a property on a MLS in Nevada using a listing agent affiliated with one of the brokerage defendants named in the suit and paid a buyer broker commission between Feb. 16, 2020, and the present.

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MLS Brokerage Agents Industrial 430

Housing Wire

FEBRUARY 22, 2024

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.

Industrial 421

Industrial MLS FHA loan Agents 421

Housing Wire

FEBRUARY 13, 2024

” Bright MLS Chief Economist Lisa Sturtevant expects the Fed to cut rates later this year and forecasts mortgage rates to come down. . “If jobless claims start to rise every month, it is in plan; for now, jobless claims data is low. Look for May for the first Fed rate cut at the current trend.”

MLS 438

MLS Finance Mortgages Closing 438

Housing Wire

OCTOBER 25, 2023

.” “We are pleased that the Nosalek plaintiffs have agreed that the substantive terms of the Burnett/Moehrl settlement should include the proposed MLS Pin class members in the Nosalek case,” a RE/MAX spokesperson wrote in an email.

MLS 391

MLS As-is Finance Brokerage 391

Housing Wire

FEBRUARY 21, 2024

The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems. To be counted the agent must be a member of one of the analyzed MLS’s and change to a substantially different office name at a different address.

Brokerage 439

Brokerage Agents MLS As-is 439

RIS Media

SEPTEMBER 28, 2023

Thus, many prospective homebuyers who thought they had their finances buttoned up are suddenly having to recalculate, and often stretch, if able to purchase at all. Recent… The post The Playbook: Client Finances…What Must You Know? Inventory is tight and home prices have stayed elevated. Will that change? How Much Should You Ask?

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Finance Mortgages Development MLS 125

Housing Wire

AUGUST 22, 2022

“Our mission is to help homeowners unlock their home equity to better manage their finances – whether it’s for home renovations, paying for tuition, debt consolidation, or other events to support your family and life’s great adventures,” Schacknies said in a social media post. Schacknies stepped down.

Equity 360

Equity MLS Renovation Loans 360

Housing Wire

AUGUST 10, 2023

A little over a month after filing an agreement in one of the ongoing buyer broker commission lawsuits, New England’s largest multiple listing service (MLS), MLS Property Information Network (MLS PIN)’s attempt to settle the Nosalek case, has hit a snag. However, unlike Moehrl and Burnett , NAR is not named as a defendant.

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MLS As-is Finance Agents 331

Housing Wire

NOVEMBER 20, 2023

Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. When the MLS and Zillow came out, there were fears about the future of the real estate agent.

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Pre-approval Agents Loan Officer Seller concession 436

Housing Wire

MARCH 15, 2024

It also agreed to prohibit broker compensation appearing in the MLS fields. The settlement agreement also notes that MLS participants working with buyers must enter into a written buyer broker agreement. According to NAR, these changes will go into effect in mid-July 2024, assuming the settlement is approved.

Industrial 449

Industrial MLS Brokerage Agents 449

Housing Wire

OCTOBER 25, 2023

In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS. “Maybe the local company or the MLS does, but we don’t,” Blefari testified. He refused to provide evidence about the purpose of the rule, but he admitted the rule was a core component of the MLS.

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MLS Agents Brokerage As-is 418