Housing Wire

DECEMBER 27, 2023

Zillow Group and ShowingTime are taking two multiple listing services (MLSs) to court, due to their allegedly anticompetitive behavior. The plaintiffs claim that the MLSs have a monopoly on real estate services in their respective regions, as agents must belong to their local MLS in order to “successfully compete.” “By

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Housing Wire

OCTOBER 19, 2023

In what could be an attempt to get ahead of changes that may be coming to the real estate industry, the Real Estate Board of New York announced some major policy changes this week, as first reported on by The Real Deal. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent.

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Housing Wire

APRIL 15, 2024

HousingWire spoke with Gene Millman, president and CEO of REcolorado , the largest multiple listing service (MLS) in Colorado. Here’s what he had to say about the future of the MLS. HW: Value is a word that’s been thrown around a lot based on current industry events, what does that mean to you?

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Housing Wire

SEPTEMBER 18, 2023

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents.

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Housing Wire

APRIL 22, 2024

Do you remember the last time you received a letter in the mail, in an envelope, that was hand-addressed to you? People remember snail mail simply because we don’t receive much of it. Direct mail is a memorable way to stand out among cold callers and social media influencers. Access to a hyper-local agent is more important now than ever.

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Housing Wire

APRIL 10, 2024

FOA begins the update by listing statistics illustrating the market potential of reverse mortgages, including the amount of home equity held by seniors ($13 trillion based on the Reverse Mortgage Market Index), a majority of seniors’ aging in place preferences and sources of anxiety in retirement.

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Housing Wire

OCTOBER 27, 2023

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. As the trial of Burnett v.

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Housing Wire

SEPTEMBER 28, 2023

Originally filed by REX in March 2021 , against Zillow and the National Association of Realtors , the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.” District Court in Seattle hearing the trial.

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Housing Wire

FEBRUARY 6, 2024

During the trial, a Seattle jury found that REX did not prove Zillow used false advertising it its decision to put non-MLS listings on a different section of the website and that Zillow proved its defense on REX’s second claim that Zillow acted deceptively and unfairly.

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Housing Wire

OCTOBER 17, 2023

As the trial for Sitzer/Burnett, the first of the two bombshell class action buyer broker compensation anti-trust lawsuits, kicks off this week , the real estate industry’s multiple listing services are busy preparing for any and all outcomes. “I

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Housing Wire

MARCH 21, 2024

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages , local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.

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Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. But the overall network is a powerful thing and what we have noticed with these silos is that they take away and power and size of the network.

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Housing Wire

SEPTEMBER 15, 2023

The great financial crisis (GFC) revealed a defective supply chain, metrics unable to assess local risk and markets incapable of answering Ben Bernanke ’s defining question – “what’s this stuff worth?” What functions are individuals and organizations allowed to perform including viewing, editing, printing, exporting and approving?

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Housing Wire

MARCH 15, 2024

There is an agreement but what about approval? While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them.

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Housing Wire

OCTOBER 3, 2023

Most brokerage leaders know about the multiple challenges facing the real estate industry, not the least of which are the major class-action lawsuits. It seems a small share of the agent population even knows about this issue, and even fewer can loosely tell you what the potential outcomes are. But you do so at your own risk.

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Housing Wire

FEBRUARY 1, 2024

Keller Williams has decided to bow out of the Sitzer/Burnett commission lawsuit. On Thursday, the Gary Keller-helmed brokerage notified the federal court in Missouri that it had entered into a settlement agreement with the plaintiffs in the Sitzer/Burnett suit. The settlement settles all home seller lawsuits nationwide.

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Housing Wire

NOVEMBER 19, 2020

“ Because the practices have been widely adopted by NAR-affiliated MLS networks , they are “therefore, agreements among competing real estate brokers each of which reduce price competition among brokers and lead to lower quality service for American home buyers and sellers,” the complaint alleged.

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Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Real estate commissions are under the microscope. Judge Stephen R.

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Housing Wire

NOVEMBER 16, 2023

What moron would shoot themselves in the head by doing that?” Unlike other home-search portals, Homes.com doesn’t sell homebuyer leads to buyer’s agents but provides them for free to the property’s listing agent. We had zero involvement with that lawsuit. We have 189,000 real estate clients who work with us. Florance said. “We

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Housing Wire

OCTOBER 2, 2023

After what the firm described as “careful deliberation,” Redfin will begin “requiring our brokers and agents to leave NAR everywhere we can. The letter listed two main reasons for the brokerage’s decision: “ NAR policies requiring a fee for the buyer’s agent on every listing” and “a pattern of alleged sexual harassment.

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Housing Wire

AUGUST 17, 2023

I’m not judging them on how much they’re spending, rather, on how they’re spending money on products and services that are redundant. I’m not judging them on how much they’re spending, rather, on how they’re spending money on products and services that are redundant. I’ve even seen multiple accounting systems!

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Housing Wire

NOVEMBER 8, 2023

Unlike the Sitzer/Burnett , Moehrl and Gibson lawsuits , the National Association of Realtors (NAR) is missing from the list of defendants, however, the trade group’s presence is heavily felt in the plaintiffs’ complaint. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers.

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Housing Wire

JANUARY 5, 2024

San Diego Association of Realtors , which operates one of the country’s largest multiple listing service, has new leadership following the departure of alleged fraudster Mike Mercurio. Klein has over 40 years of real estate industry experience. In these roles Klein will run daily operation of SDMLS.

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Housing Wire

JANUARY 11, 2024

Although what lies ahead in the world of real estate and mortgage services in 2024 remains a bit uncertain, it’s now crystal clear that, beyond the already-tired suggestion that we “survive until ’25,” quite a few businesses will be seeking to find additional sources of revenue. Here’s why.

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Housing Wire

APRIL 2, 2024

Agents started using predictive modeling to determine which person in a neighborhood, or which person in a list of contacts, was most likely to list their property in the near future. Agents are the lifeblood of real estate brokerages. Sales managers often struggle to source enough quality agents to feed the top of their funnel.

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Housing Wire

OCTOBER 31, 2023

So, what will be the outcome? Buyer’s agent commissions won’t necessarily go away Two weeks ago, the Real Estate Board of New York (REBNY) and the Residential Listing Service modified their rules starting Jan. It’s doubtful that amount will be what it is today, though.

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Housing Wire

FEBRUARY 1, 2024

Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography. Start by covering the basics: Who you are, what region you serve, what types of properties and clients you represent.

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Land Brokerage Branding Agents 428

Housing Wire

JANUARY 13, 2022

That silence comes amid multiple lawsuits alleging an antitrust conspiracy between brokerages and the NAR, plus a U.S. More than 100 years later, NAR’s cooperative compensation policy reads similarly, stating that the seller’s agent specifies what commission they shall provide the buyer’s agent. Gorman’s comments confuse me.”.

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Housing Wire

AUGUST 17, 2023

District Court for the Western District of Washington wrote that the “Court concludes that REX has failed to present evidence of the conspiracy alleged in its Amended Complaint, namely, a purported agreement between NAR, Zillow, and non-party MLSs to segregate, conceal, and demote non-MLS listings on Zillow’s websites and mobile platforms.”

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Housing Wire

NOVEMBER 30, 2023

Sarah Wheeler: What are some of the biggest challenges right now? The GSEs implemented a number of policy changes that are an evolution from what appraisal has been for decades. So now we have multiple risk-based options: waivers, waiver plus property data, desktop appraisals, hybrid. KC: Change is always hard.

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Housing Wire

AUGUST 7, 2023

Originally filed by REX in March 2021 , the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.” On Friday, Judge Thomas Zilly, the U.S. In mid-May 2022, REX ceased its brokerage operations.

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HomeLight

MAY 7, 2024

If you’re planning to sell your West Virginia home on your own terms, a flat fee MLS listing service might be on your radar. In this post, we’ll dive into the intricacies of using a flat fee MLS listing service in West Virginia. Unsure About Selling FSBO in West Virginia?

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Housing Wire

NOVEMBER 1, 2023

The researchers seized on a dataset that prior to 2020 was never available to the public or researchers: the buyer commission rates sellers offer when they list their homes for sale. One of the researchers, Will Fried, had a hunch. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

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Housing Wire

OCTOBER 17, 2023

In agent training videos, Blefari said he pre-writes a 6% commission into all his listing agreements and that he only negotiates commissions if they go up. “I I was showing them [agents] what I did so they can learn from that,” Blefari said in his video deposition, according to Inman. District Court Judge Stephen Bough.

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Housing Wire

OCTOBER 6, 2023

Both brokerages also said they will not provide agents with any software that filters or restricts MLS listings based on the level of compensation being offered. In addition to the already publicized $83.5 In addition to the already publicized $83.5 In the Sept. In the Sept. The $55 million is… laughably small. Anywhere is paying $83.5

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Industrial MLS Brokerage Agents 377

Housing Wire

FEBRUARY 8, 2024

They’ll want to know you have what it takes to close the type of deal they are looking for, and that you can help them reach their financial goals. To help you get started, here’s a list of everything you should include in a real estate agent’s bio, plus some buzzy keywords to help you phrase your message in a memorable way.

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Housing Wire

APRIL 23, 2024

Colibri’s real estate continuing education course offerings vary by state, but a sampling of intriguing topics we researched include Fair Housing, ethics, handling multiple offers, educating buyers, handling trust funds and implicit bias training. Vetted by HousingWire | Our editors independently review the products we recommend.

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