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Bright MLS updates its platform to conform with NAR settlement 

Housing Wire

14, Bright MLS will eliminate its commission field, preventing listing agents from advertising any commissions they offer to buyer brokers. Agents will be able to indicate whether a seller offers concessions and specify the amount in dollars. Starting Aug. This field is negotiable and not mandatory.

MLS 339
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NAR settlement terms slated to go into effect in mid-August

Housing Wire

The changes include eliminating and prohibiting “requirement of offers of compensation in the MLS between listing brokers or sellers to buyer brokers or other buyer representatives,” as well as prohibiting “MLS Participants, Subscribers, and sellers from making any offers of compensation in the MLS to buyer brokers or other buyer representatives.”

MLS 431
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REcolorado MLS CEO on the power of data and the MLS

Housing Wire

Never has it been a more appropriate time to be business partners with our subscribers. We continually talk to our subscribers to understand the specific needs of our market. This approach gives us the insights and connections we need to deliver custom solutions that will contribute to our subscribers’ success.

MLS 374
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Judge grants preliminary approval of NAR commission lawsuit settlement 

Housing Wire

Additionally, all fields displaying broker compensation on MLSs must be eliminated, and there is a blanket ban on the requirement that agents subscribe to MLSs in the first place in order to offer or accept compensation for their work.

MLS 451
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NAR settles commission lawsuits for $418 million

Housing Wire

Additionally, all fields displaying broker compensation on MLSs must be eliminated and there is a blanket ban on the requirement that agents subscribe to MLSs in the first place in order to offer or accept compensation for their work.

Agents 539
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Many homebuyers lack knowledge about agent compensation: Redfin 

Housing Wire

People feel awkward talking about money, but it’s important to understand what your agent is charging and have a discussion about whether you will need to ask the seller to cover your agent’s fee as part of your offer negotiation or pay for it out of pocket.”

Agents 388
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RentSpree announces new MLS partnerships 

Housing Wire

The integration of HAR’s 48,000 subscribers follows the addition of Unlock MLS (formerly the Austin Board of Realtors) last year, a news release stated. The new integrations, offered at no cost to members, are designed to simplify the entire rental process and support lead-generation efforts. Lucarelli said in a statement.

MLS 311