Housing Wire

NOVEMBER 29, 2024

The rational case for repealing MLS Clear Cooperation rules. Are we comparing it to Compass’ gamesmanship ushering in a worst-case scenario where buyers need to go through 20 brokerage websites to see all that’s available? MLS system offers transparency, but at what cost? MLS is not capitalism in its final form.

MLS 370

MLS Brokerage Agents Equity 370

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. Trends in the relative movement of experienced real estate agents between brokerages are an important strategic consideration for brokerage and franchise leaders.

Brokerage 444

Brokerage Agents MLS Closing 444

Housing Wire

JUNE 27, 2024

In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. REcolorado is the 16th-largest MLS in the United States and has 25,000 members.

MLS 418

MLS Equity Brokerage Sales 418

Housing Wire

JULY 2, 2024

.” This isn’t Lone Wolf’s first partnership with an MLS this year. In April it announced one with the Northern Nevada Regional MLS (NNRMLS ) that launched HomeSpotter, an app that lets agents give their personal brand to a mobile home search app.

MLS 429

MLS Technology Branding Brokerage 429

Housing Wire

MARCH 27, 2024

Brokerages took notice, resulting in a surge in companies and office locations competing for their share of listings, according to CoreLogic multiple-listing service data shared exclusively with HousingWire. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

Brokerage 476

Brokerage Construction MLS Land 476

Housing Wire

NOVEMBER 11, 2024

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

MLS Brokerage Days on market Agents 370

Housing Wire

JANUARY 29, 2024

As for the defendants, real estate brokerages River Point Realty , Bovard-Anderson , Priority Realty , Rubinoff Realty Services and Found It PA were added in the amended complaint. The addition of the five local brokerages is not the only recent change to the list of defendants.

Brokerage 432

Brokerage MLS Agents As-is 432

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates.

Brokerage 447

Brokerage Title Commercial MLS 447

Housing Wire

JULY 16, 2024

The North Carolina Regional MLS (NCRMLS) has expanded into Georgia. According to an announcement on Monday, the MLS has recently welcomed the strategic additions of Savannah MLS , Athens Area Association of Realtors and Classic MLS , and the Realtors of Greater Augusta into its fold.

MLS 420

MLS Technology Development Brokerage 420

Housing Wire

OCTOBER 2, 2023

Real estate giant Zillow came out victorious in its years-long legal battle with discount brokerage REX Real Estate. In mid-May 2022, REX ceased its brokerage operations. In a verdict announced late Friday afternoon, a jury in a U.S.

Brokerage 448

Brokerage MLS Agents Design 448

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. Tracy Kasper is President of the National Association of Realtors.

MLS 488

MLS Brokerage Agents Closing costs 488

Housing Wire

JANUARY 16, 2024

Like the other commission lawsuits, the Grace suit takes aim at NAR’s Participation Rule, which requires listing agents to make a blanket offer of compensation to the buyer’s broker in order to list the property on the MLS. In addition, BAREIS MLS has its own rule similar to NAR’s Participation Rule. 8, 2019, and the present.

Brokerage 474

Brokerage MLS Agents As-is 474

Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. 1 brokerage by listing count from 2019 through 2023. The top 10 brokerages in Dallas by listing count were responsible for 12,145 listings in 2023. of the MLS listings held by these brokerages in 2019 to 7.2%

Brokerage 447

Brokerage Marketing MLS Mortgages 447

Housing Wire

OCTOBER 18, 2024

Most of the suits cite NAR’s Participation Rule, which required listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on an MLS. But West Penn MLS , the multiple listing service at the center of the Moratis suit, is owned by local brokers and not a Realtor association.

Brokerage 434

Brokerage MLS Industrial As-is 434

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

SEPTEMBER 12, 2023

District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. MLS PIN, which is New England’s largest multiple listing service (MLS), filed the settlement agreement in late June.

MLS 435

MLS As-is Finance Brokerage 435

Housing Wire

DECEMBER 8, 2023

Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 459

Brokerage MLS Branding Agents 459

Housing Wire

AUGUST 23, 2023

The MLS of the San Francisco Association of Realtors has been up and running since 9 a.m. During the outage, agents, MLSs and brokerages came up with solutions to weather the storm. The MLS of the San Francisco Association of Realtors started working with Zenlist , which is helping them put together a mobile app.

MLS 370

MLS Brokerage Agents As-is 370

Housing Wire

JULY 24, 2024

” Chris Cox , chief technology and digital officer at Keller Williams , said the brokerage’s mantra is to put “data that we have to work to make our agents more successful.” The settlement agreement also mandates that MLS participants working with buyers enter into a written buyer-broker agreement.

Brokerage 468

Brokerage Agents MLS Staging 468

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

OCTOBER 2, 2024

The brokerages and non-Realtor-owned MLSs that decided to opt in to the National Association of Realtors’ (NAR) commission lawsuit settlement agreement can breathe a sigh of relief. Through Bough’s approval, the MLSs and brokerages that opted in to NAR’s settlement have been added to the larger case. As expected, Judge Stephen R.

Brokerage 482

Brokerage As-is MLS 482

Housing Wire

MAY 3, 2024

In February , Illinois-based Baird & Warner, an independent real estate brokerage, partnered with RealReports, allowing all of Baird & Warner’s 2,000-plus agents to benefit from RealReports’s wide-ranging property data.

MLS 459

MLS Brokerage Agents As-is 459

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. There is going to be a lot more conversations happening around off-MLS considerations.” More off-MLS listings? I don’t think they really understand what is going on and what is going to be required of them,” Danzey said. “I

Industrial 448

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 431

Brokerage Branding Agents MLS 431

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

Real Estate News

AUGUST 22, 2024

Homie says the defendants — NAR, 4 top brokerages and a Utah MLS — conspired to control competition in the industry and steered buyers away from its listings.

Brokerage 317

Brokerage MLS Industrial 317

Housing Wire

OCTOBER 7, 2024

Under its new ownership, REcolorado MLS rolled out a new Participation Agreement. REcolorado denies that the agreement does either of these things, claiming that the agreement gives it copyright over the compilation of the MLS database. They say the MLS has not hosted an event where agents can ask questions.

MLS 476

MLS Sales Brokerage Agents 476

Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. The two MLSs named in the suit California Regional MLS and Combined L.A./Westside Westside MLS. 17, 2020, and the present.

MLS 533

MLS Brokerage Agents As-is 533

Housing Wire

OCTOBER 21, 2024

As part of NAR’s mandatory MLS policies, Clear Cooperation requires brokers to list properties on an MLS within one day of publicly marketing the listing. Saul Klein , the CEO of San Diego MLS , began his career in the real estate industry in the 1970s. “I more than their off-MLS counterparts.

MLS 448

MLS Brokerage Industrial Agents 448

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. The hourlong debate began with both participants discussing their motivations for participating. If it’s not collusion, then what is it?”

MLS 468

MLS VA loan Agents As-is 468

Housing Wire

JUNE 6, 2024

Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents , indicating potential changes in market conditions and strategies among brokerages. The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems.

Agents 490

Agents MLS Brokerage Industrial 490

Housing Wire

MAY 9, 2024

In addition to RE/MAX, Anywhere and Keller Williams, NAR, Douglas Elliman , Realty One Group , At World Properties, Compass , HomeServices of America and The Real Brokerage, have also reached settlement agreements. As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 26, 2024.

Brokerage 397

Brokerage MLS Agents As-is 397

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

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). With NAR’s latest announcement other MLS’ may choose to follow suit.

MLS 511

MLS Brokerage Agents As-is 511

Housing Wire

OCTOBER 8, 2024

The Department of Justice could be ready to square off again with the National Association of Realtors — this time over an optional rule to prevent commingling of MLS and non-MLS listings. All of the books said they were confidential and not to give them away,” said Saul Klein, the current CEO of San Diego MLS.

MLS 475

MLS Brokerage Industrial As-is 475

Housing Wire

JANUARY 16, 2024

After a multi-year decline in agent movement between brokerages , Relitix ’s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024. “We Agents will begin moving more between brokerages in 2024 as the market begins to normalize. respectively.

Agents 476

Agents MLS Brokerage As-is 476

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