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Housing market sees record seller-buyer gap

Housing Wire

housing market is experiencing its largest-ever imbalance between home sellers and buyers, with an estimated 1.9 million sellers compared to 1.5 gap — or roughly 490,000 more sellers than buyers — and the widest margin recorded since Redfin’s data tracking began in 2013. Two years ago, the market favored buyers.

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Bright MLS updates its platform to conform with NAR settlement 

Housing Wire

Bright MLS , the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors ’ recent settlement of the real estate agent commission lawsuits. Bright MLS also tells agents and brokers that commissions are negotiable.

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Appraisers say it’s business as usual despite the NAR settlement changes

Housing Wire

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. But with the terms of the NAR settlement now in effect, much of that data is no longer available via the MLS.

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Opinion: In a digital world, do real estate agents serve a purpose?

Housing Wire

The centerpiece of this concept is the belief that sellers have the time and the money and are willing to spend the requisite amount of both to market their property effectively. Complete market exposure would involve about 25 more sites. We all love the MLS now, but exactly how does the information get into the MLS?

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. 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.

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America’s top listing agents don’t want to deal with the buyer’s agent commission mess

Housing Wire

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.

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Survey Finds Seller Concessions Are Making a Comeback in Some Markets

RIS Media

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.