Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C.,

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MLS Agents Brokerage As-is 370

Housing Wire

AUGUST 6, 2024

17 implementation deadline for these changes, brokerages like eXp are finding themselves sorting out their forms. As the largest brokerage in the country by transaction sides in 2023, Pareja said it made sense for eXp to create its own forms. “We And as the clock continues to count down to the Aug.

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Brokerage MLS Agents As-is 448

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion ), Douglas Elliman ($42.8

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Brokerage Industrial MLS Sales 488

Housing Wire

MARCH 18, 2024

I think a lot of agents just sort of relied on the MLS to dictate what they were going to make. They could look at a listing and know what they were going to get paid if their client’s deal closed, and now that is not going to be how it works.” There is going to be a lot more conversations happening around off-MLS considerations.”

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Industrial Brokerage MLS Agents 448

Housing Wire

SEPTEMBER 13, 2024

Ryan Serhant and his brokerage SERHANT. HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming in the industry following the commision settlement by the National Association of Realtors (NAR). At this point, we’ve gained, I think, 1.3

Brokerage 427

Brokerage Branding Agents MLS 427

Housing Wire

SEPTEMBER 18, 2024

Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages.

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MLS Brokerage Seller concession Agents 482

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual ranking by Real Trends. But such activity didn’t result in more sales volume than its chief rivals, publicly traded brokerage colossus Realogy or controversial New York upstart Compass. It notched $151.7

Brokerage 364

Brokerage Residential MLS Sales 364

Housing Wire

APRIL 17, 2024

Key highlights from this month’s AMI show that the decline in the number of active agents, those with a closing in the past year, has plateaued. Moreover, the AMI reveals an upward trend in agents switching between brokerages, though the expected peak for March fell short of previous highs, the overall trend continues generally upward.

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Agents MLS Brokerage Industrial 448

Housing Wire

AUGUST 22, 2024

Utah-based Wasatch Front Regional MLS , which does business as UtahRealEstate.com , is also named as a defendant in the suit. As a self-described “technology driven industry disrupter,” Homie’s business model involves charging home sellers a flat fee to list their property on the MLS. “As

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MLS Brokerage Residential Technology 482

Housing Wire

MARCH 12, 2021

” “The NAR and its MLS partners, which now include Zillow, are allowed to once again close off transparent access to home inventory by entering into agreements among themselves that disadvantage all but their own membership; consumers and competition will suffer,” read the lawsuit. Real Estate Tech Demo Hour.

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MLS Brokerage Technology Industrial 497

Housing Wire

OCTOBER 1, 2024

But a lot of what comes in isn’t going to be on the contract at closing or going through the disclosures. The second involves the home shopping process, as the platform keeps track of properties the buyer has toured by integrating MLS data. The third component is closing reports that show everything the agent did for the buyer.

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Agents MLS Brokerage Branding 448

Housing Wire

FEBRUARY 12, 2024

Like the other commission lawsuits, the Jensen suit is seeking class action status for anyone who sold a property listed on Wasatch Front MLS , Washington County MLS , Iron County MLS or Summit County MLS between Feb. 9, 2020, and the present, and paid a buyer broker commission.

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MLS Equity Brokerage Industrial 468

Housing Wire

AUGUST 19, 2024

When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. Most sellers see the value of making sure their deal closes and are open to discussions of some participation in the buyer’s agent fee.” Why would we not disclose that info in MLS?

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Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

SEPTEMBER 10, 2024

And yes, there’s an MLS feed since most are IDX-enabled. With competition for online leads heating up, we think AgentFire’s brand-first approach can be a game changer for brand-conscious agents, teams and even boutique brokerages. Upgrades are quick and easy via their Salesforce-style Add-Ons Marketplace.

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Brokerage Agents Branding Land 446

Housing Wire

AUGUST 28, 2024

Well, this settlement focuses on Multiple Listing Services (MLS) in various ways which will impact the property market. This means that MLS participants working with buyers must enter into a written agreement with the buyer before touring a property. But what are the practicalities of this new settlement?

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MLS Agents Residential Brokerage 476

Housing Wire

MARCH 8, 2024

Peiffer, a prominent lawyer in the Big Easy, accuses local brokerage firm Latter & Blum of colluding to artificially inflate agent commissions. The brokerage is part of the LeadingRE network. 26 firm in the RealTrends 500 for transaction sides, after its agents closed 16,658 transaction sides in 2022.

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MLS Brokerage Agents As-is 448

Housing Wire

SEPTEMBER 9, 2024

Instead of negotiating on the MLS , agents are engaging through phone calls and text messages. But different brokerages are experiencing different things. Redfin previously reported that buyer agent commission rates have started to fall. But the new average figure of 2.55%, just before the new rules took effect Aug.

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Earnest money deposit Inspection contingency Agents Marketing 481

Housing Wire

SEPTEMBER 20, 2024

Pareja took over as CEO at eXp in April 2024 and became the first Hispanic CEO of a major real estate brokerage in U.S. Pareja also believes that collaboration is the biggest key to success in the industry, which motivated him to release eXp’s streamlined forms online for other brokerages and agents to use and benefit from.

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Agents Brokerage MLS Technology 435

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

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Agents Brokerage MLS Technology 427

Housing Wire

FEBRUARY 16, 2024

In its statement of interest relating to MLS Property Information Network ’s (MLS PIN) settlement agreement with the Nosalek commission lawsuit plaintiffs, filed Thursday evening, the DOJ recommended that Judge Patti D. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

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MLS Lending Closing costs Agents 459

Housing Wire

NOVEMBER 30, 2024

The lack of training and guidance by brokerages is horrible. Dwiggins: Those forms are created by a committee of competing brokerages, which is literally how we got into the lawsuit to begin with. To close the conversation, Dwiggins explains his advocacy for keeping NAR’s Clear Cooperation Policy in place, with a slight change.

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MLS Brokerage Agents Industrial 370

Housing Wire

JANUARY 23, 2024

As a licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S. As a real estate hub, Xome offers services such as asset management, property disposition, title, close and valuation through an integrated, technology-driven platform.

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Industrial Title Technology MLS 459

Housing Wire

NOVEMBER 15, 2024

NAR’s settlement agreement — which closed a number of antitrust class-action lawsuits against NAR and major brokerages for allegedly inflating Realtor commissions, and is pending final approval this month — outlines 13 practice changes required of NAR-affiliated MLSs.

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MLS Purchase and sale agreement Technology Agents 434

Housing Wire

JULY 2, 2024

In a message on Realtor Hub , a forum for NAR members, trade group president Kevin Sears told members that the DOJ is keeping “a close eye” on the industry, as first reported by Inman News. This came after a closed-door meeting with federal regulators late last week, led by Assistant Attorney General Jonathan Kanter.

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MLS Industrial Brokerage Closing 468

Housing Wire

NOVEMBER 1, 2023

With nearly double the number of corporate defendants as both the Moehrl and Sitzer/Burnett cases, and the fact that the proposed class includes anyone who listed a property for sale on an MLS in the U.S. using a listing agent or broker affiliated with one of the seven brokerage defendants and paid a buyer broker commission from Oct.

MLS 448

MLS Brokerage Industrial Agents 448

Housing Wire

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Unclear is whether the California MLS may renege its relationship with Glide. You could understand why other brokerages and agents wouldn’t be entirely convinced their data would be cordoned off.

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Purchase and sale agreement Agents Brokerage MLS 397

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. Grace is seeking class action status for the suit, with the proposed class being any homeowner who listed and sold a home on BAREIS MLS between Dec.

MLS 476

MLS Brokerage Agents Industrial 476

Housing Wire

DECEMBER 19, 2024

As Eben Moran of Stellar MLS aptly stated on RentSprees Its Closing Time podcast, the future lies in collaboration: How can we come together to make the industry better overall? This underscores the need for MLS s to focus on their core mission: empowering agents and brokers to succeed. today well ahead of the 25.6

MLS 387

MLS Agents Industrial Brokerage 387

Housing Wire

DECEMBER 20, 2024

The brokerage announced this week that it has added the Milwaukee -based Houseworks Collective real estate team. In 2024 alone, it has closed 182 sales for $64.1 Houseworks will also merge with the Jay Schmidt Group , another top-ranked Milwaukee-based team that led the area’s Metro MLS in sales volume for eight years.

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Brokerage MLS Sales Agents 396

Housing Wire

MARCH 20, 2024

A past rule requiring an offer of some amount of compensation was a rule of display on a Realtor-owned MLS, yet it could have been as low as $1. That limitation was removed and today the MLS accepts all listings, regardless of buyer agent consideration. We will again.

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MLS Agents Brokerage As-is 482

Housing Wire

APRIL 19, 2024

The recent commission lawsuits have had a profound impact on real estate agents and brokerages as they face increased scrutiny and pressure to provide more transparency in their commission structures and potential conflicts of interest. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024.

Brokerage 448

Brokerage Branding Agents Industrial 448

Housing Wire

AUGUST 1, 2024

Under the terms of the settlement, agents will no longer be allowed to share their seller’s offers of buyer broker compensation on an MLS. Training on forms has been a central focus of brokerages across the country. 17 implementation date, largely due to the training her brokerage has provided. “I

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Agents Brokerage Principal Industrial 448

Housing Wire

JANUARY 25, 2024

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. The number of agents switching brokerages is ticking upward and markets are stabilizing across the country. Thankfully, 2024 is shaping up to be a much better year for recruiters.

Agents 448

Agents Brokerage Branding MLS 448

Housing Wire

NOVEMBER 1, 2024

This includes — but is not limited to — posting to the MLS, hosting open houses and getting creative with social media. Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

OCTOBER 24, 2023

This means sellers wind up paying inflated commissions at closing. In his testimony, Gansho stated that NAR does not conspire with brokerages on commissions, and he echoed Goldberg’s sentiment that brokerages do not follow and enforce the rule. Rodney Gansho, NAR’s head of engagement, took the stand after Goldberg.

MLS 448

MLS Principal Brokerage Agents 448

Housing Wire

SEPTEMBER 18, 2023

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. In the SEC filing, RE/MAX stated that the settlement was not an admission of liability. In fact, the U.S.

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MLS Branding Agents Brokerage 505