Housing Wire

FEBRUARY 4, 2025

The essence of our industrys defense of modern MLS infrastructure rests upon a fragile foundation that says, “Its not perfect, but its the best we can do.” If we were to start fresh, no competent businessperson would design an MLS system like this. ” But lets cut through the noise and examine whats really going on.

MLS 311

MLS Brokerage Industrial Agents 311

Housing Wire

MARCH 18, 2024

Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as real estate agents continue the trend of switching brokerages at a faster rate than 2023. Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. respectively.

Brokerage 446

Brokerage Agents MLS Closing 446

Housing Wire

FEBRUARY 19, 2025

In his opening remarks during Compass s fourth-quarter 2024 earnings call on Tuesday, Reffkin said that almost half of the markets the brokerage operates in have stopped enforcing CCP, a rule implemented by the National Association of Realtors (NAR). That 24-hour window doesnt provide much benefit to a brokerage pursuing exclusive listings.

MLS 293

MLS Brokerage Principal Agents 293

Housing Wire

MARCH 25, 2021

reigned supreme as the largest residential brokerage in America by transaction sides last year , according to the latest annual RealTrends 500 ranking. 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 505

Brokerage Residential MLS Sales 505

Housing Wire

FEBRUARY 15, 2024

As a result, the docket was listed as closed as of Thursday morning before being reopened at midday. That’s because the deadline for the Department of Justice (DOJ) to file its statement of interest in the MLS Property Information Network (MLS PIN) settlement agreement is at the end of the day Thursday. The remaining $1.64

Closing 448

Closing MLS Brokerage As-is 448

Housing Wire

FEBRUARY 14, 2025

Two months prior to that, Zillow began moving homes not listed on the MLS out of initial user search results and onto a second tab. This adhered to an optional NAR rule , which prevents those who choose to adopt it from commingling MLS listings with non-MLS listings. In May 2022, REX ceased its brokerage operations.

Staging 286

Staging MLS Brokerage Design 286

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. These local MLS broker marketplaces work in favor of consumers every day. And who is hurt most by that proposition?

MLS 488

MLS Brokerage Agents Closing costs 488

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development.

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Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

AUGUST 25, 2024

With technology changing faster than new agents answer phone calls, choosing the right real estate brokerage software can sometimes feel like a full-time job. Here’s why: Good software might help your brokerage stay afloat in a post-lawsuit market. The looming chaos from the commission lawsuits sure isn’t helping.

Brokerage 435

Brokerage Branding Agents MLS 435

Housing Wire

NOVEMBER 4, 2024

It explicitly allows for such offers to be made off-MLS, however. If sellers cannot notify buyers about offers off-MLS, many buyers will not have the information they need to determine whether a home purchase is financially feasible. Advocates presenting dubious arguments are helping to create a two-tiered system of brokerage services.

Debt-to-income ratio 321

Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. This past December, my mother and father closed on their home of 35 years in Limerick, Ireland, after 10 months “in escrow.” They also recently closed on their purchase of a new home. And that home rental between closings? An additional $6,400.

MLS 397

MLS Purchase and sale agreement Brokerage Closing 397

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.,

MLS 370

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.

Brokerage 448

Brokerage MLS Agents As-is 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 433

Brokerage Branding Agents MLS 433

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 369

Brokerage Residential MLS Sales 369

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.

MLS 482

MLS Brokerage Seller concession Agents 482

Housing Wire

FEBRUARY 3, 2025

Congratulations to the 2025 Tech100 Real Estate winners! CoreLogic corelogic.com/ Real Estate Sales Irvine, CA Constellation1 constellation1.com/

Property Management 475

Property Management Technology Title Sales 475

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.

Agents 448

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

MLS 482

MLS Brokerage Residential Technology 482

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

Brokerage 488

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.”

Industrial 448

Industrial Brokerage MLS Agents 448

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.

MLS 497

MLS Brokerage Technology Industrial 497

Housing Wire

JANUARY 27, 2025

Together, these obstacles are forcing agents and brokerages to hit the sidelines and plan against seemingly insurmountable odds like facing Brady and the Patriots in the Superbowl. Consider platforms that centralize operations from lead generation to closing. Its a win-win for real estate professionals and clients alike.

Technology 397

Technology Renovation Agents Industrial 397

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.

Agents 448

Agents MLS Brokerage Branding 448

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.

Brokerage 448

Brokerage Agents Branding Land 448

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?

MLS 481

MLS Agents Residential Brokerage 481

Housing Wire

FEBRUARY 6, 2025

REsides , which bills itself as an online, “borderless” MLS announced Thursday that it’s partnering with startup proptech platform Rayse. It offers features such as buyer presentations, client portals and closing reports. Rayse is led and operated by Christian and James Dwiggins.

MLS 207

MLS Technology Brokerage Agents 207

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.

MLS 468

MLS Equity Brokerage Industrial 468

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.

Earnest money deposit 482

Earnest money deposit Inspection contingency Agents Marketing 482

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.

Agents 435

Agents Brokerage MLS Technology 435

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.

MLS 448

MLS Brokerage Agents As-is 448

Housing Wire

MARCH 28, 2025

While telepathy isnt an option, predictive analytics will get you pretty close. Agents can now spend time converting high-quality leads that are sure to turn into more closed deals instead of spending hours trying to identify potential sellers through expired MLS listings or door knocking. What does this mean for you?

MLS 351

MLS Agents Commercial Technology 351

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.

MLS 468

MLS Industrial Brokerage Design 468

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.

Agents 447

Agents Brokerage MLS Technology 447

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.

Purchase and sale agreement 397

Purchase and sale agreement Agents Brokerage MLS 397