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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%

MLS 501
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Utah MLS dismissed from Homie’s antitrust lawsuit

Housing Wire

On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. But the MLS defendant was dismissed without prejudice, which means Homie could refile its suit against UtahRealEstate.com.

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The future of the MLS may be murky, but brokers still want the data

Housing Wire

As a panel of real estate leaders gathered to discuss the future of the MLS at the National Association of Realtors ‘ NXT conference in Boston, Errol Samuelson , Zillow ‘s chief industry development officer, found himself and his company in a bit different standing than usual with the audience of several hundred agents and brokers.

MLS 370
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As realtors debate rules, AI is preparing to ignore them all

Housing Wire

Now, as brokerages experiment with private listing networks (PLNs) and MLS s push back, another fight has emergedwho should control where and how listings are shared. Brokerages hoard exclusive listings to drive traffic to their own sites. Sellers will no longer ask: “Is my home listed on the MLS?”

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NAR unveils new MLS options policy, leaves CCP in place

Housing Wire

According to the release, this new policy compliments NAR s existing MLS policies and that it will exist in conjunction with CCP.The trade group feels the policy provides sellers and their agent more options and choice when marketing a property. According to NAR, each MLS will have the ability to determine its own delayed marketing period.

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Side, other brokerages settle new copycat commission lawsuit

Housing Wire

The lawsuit contains the same allegations as other commission lawsuits, accusing the real estate brokerage and MLS defendants of colluding to artificially inflate real estate agent commissions. Piccinini Real Estate Services , aka JPAR ($700,000); Central New York Information Service ($125,000); and Brooklyn New York MLS ($95,000).

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Compass clients solicit class action suit against NWMLS

Housing Wire

Haag, in communication with NWMLS employees, said that real estate brokerage firms in Washington state, as members of NWMLS, have agreed to share all property listings with the entire brokerage community and the public for more than 40 years. Northwest MLS has declined to adopt those misguided, exclusionary rules.

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