MLS Residential 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.”
Housing Wire
JULY 30, 2024
California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. The nation’s largest MLS also added a field to indicate whether the amount being offered was a dollar amount of a percentage of the sales price of the home. CAR released its updated forms last week.
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Housing Wire
AUGUST 19, 2024
“The biggest difference is that sellers need to have the new format and commission structure explained to them fully and carefully,” said Rachael Dotson, an agent at Rhode Island-based Residential Properties Ltd. Why would we not disclose that info in MLS? How is that protecting buyers?” It doesn’t matter,” O’Koniewski said. “If
HomeLight
DECEMBER 13, 2022
In a study by Bright MLS , MLS-listed homes went under contract in an average of 11 days compared to 31 days for off-MLS homes, such as FSBO properties, which eventually ended up being promoted through the MLS. Not having agent representation could also lead to paying more in seller concessions.
HomeLight
OCTOBER 11, 2022
The easiest way to do this is for the seller and buyer to sign and date the disclosure. The Iowa State Bar Association also provides a Residential Property Seller Disclosure Statement form. Not having agent representation could also lead to paying more in seller concessions. Use a FSBO platform with an MLS option.
HomeLight
MAY 25, 2023
Sellers should also consider things like whether or not their HOA will allow yard signs (many don’t!) or if they can put their house on the multiple listing service (MLS). Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s commission.
HomeLight
APRIL 27, 2023
FSBO sellers generally put a yard sign up with their name and phone number on it, and they may also advertise online on a FSBO website, pay a flat fee service to advertise on the MLS , and list their home in some online classifieds and social media sites. When you list in the MLS, you must include a buyer’s commission.
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