Industrial MLS Seller concession 
Housing Wire
OCTOBER 29, 2024
Burton plaintiffs, who represent a proposed class of “individuals who sold homes on an MLS Listing Service servicing the District of South Carolina,” claim that NAR’s settlement “endeavors to insulate comprehensively the entire real estate industry from the punishment due it for its long, storied history of commission fixing.” “It
Housing Wire
AUGUST 27, 2024
The Bay East Association of Realtors , located in the San Francisco Bay Area, is taking things a step further by removing its “Concessions Considered: Yes/No” field, according to an announcement on Monday. “As an MLS, it is our duty to protect you and your data. . The changes went into effect Tuesday.
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Housing Wire
MARCH 15, 2024
Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. 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. LOs on average get about 1%.)
Housing Wire
MARCH 13, 2024
Moreover, the concept remains a central theme of some arguments contained in the plethora of lawsuits that are now carpet bombing the real estate industry. There are many: Zillow , Realtor.com (which has not been owned by anyone in the industry for years), Homes.com — just to name a few.
Housing Wire
AUGUST 14, 2024
Harvey typically charges sellers a few hundred dollars to list their property on the MLS and will charge a 0.25% commission when the home successfully sells. He sees his role in the transaction as simply ensuring the seller stays in compliance with laws and regulations.
Housing Wire
SEPTEMBER 18, 2024
Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. We weren’t named in the litigation, we weren’t named in the copycat cases and we didn’t have the mandated rules that were named in the litigation,” said Jeremy Crawford, president and CEO of First MLS. “So,
Housing Wire
MARCH 25, 2024
There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.” While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing.
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