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.

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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.

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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. These local MLS broker marketplaces work in favor of consumers every day. Tracy Kasper is President of the National Association of Realtors.

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Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. The Denver -area MLS has named a new CEO in Dana Bennett, who returns to REcolorado after an 18-month stint away from the company. After Burks purchased the MLS in June, REcolorado rolled out a revised participation agreement to its members.

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Purchase and sale agreement Sales MLS Industrial 435

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. Dallas, too, is outpacing the rest of the country in office count, sale-to-list price ratio and average price per square foot, according to CoreLogic data shared exclusively with HousingWire.

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Housing Wire

JUNE 3, 2024

Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. We chose Roof AI for its seamless integration with the MLS.

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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.

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Housing Wire

JUNE 25, 2024

REcolorado — which is the 16th-largest MLS in the country with 25,000 members — said it had reached a deal to buy the shares of the company from the associations earlier this year before DMAR and SMDRA broke off communication.

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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 As a result of this scheme, the purportedly non-negotiable commissions of buyer agents are rolled into the sale price of homes.

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Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. It’s easy to understand what a market without an MLS would look like and why it doesn’t work. experience.

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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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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.

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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

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Housing Wire

OCTOBER 2, 2024

In the amended complaint, the plaintiff claims that the suit is seeking to “stop the National Association of Realtors (“NAR”) and its affiliates from conspiring to shut down competition, disrupt the relationship between real estate agents and their clients, and take away a family’s freedom to choose how to market their home for sale.”

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Agents MLS Brokerage Sales 434

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.

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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.

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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?”

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Housing Wire

JULY 25, 2024

It appears the sun may not have completely set on the proposed sale of the shares of REcolorado owned by the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) to MAZL LLC. Although the contents of the IOI are confidential, we feel that it will be very competitive. Real Estate.

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MLS Brokerage Industrial Sales 447

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

APRIL 17, 2024

This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead. 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

JUNE 28, 2024

.” REcolorado is a multiple listing service (MLS) with 26,000 members. Its board members and leadership were surprised last week when they received a letter of intent from DMAR and SMDRA to sell to MAZL since they had been in negotiations to buy the MLS since February.

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Housing Wire

JANUARY 2, 2024

2023, Umpa is a resident of Maryland and the lawsuit is in regards to the sale of two homes, one in Maryland and one in Ohio. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e., who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec.

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MLS Brokerage Industrial Sales 448

Housing Wire

APRIL 30, 2024

NAR recently published an FAQ page related to the settlement agreement where it clarifies that the phrase “working with” is meant to “distinguish MLS participants who provide brokerage services to a buyer from MLS participants who simply market their services or just talk to a buyer.”

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MLS Agents Brokerage As-is 488

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 448

Housing Wire

NOVEMBER 30, 2024

Typically, with franchise organizations, it’s all about the sales process and bringing on more franchises. 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.

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MLS Brokerage Agents Industrial 370

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. In a lawsuit filed on Tuesday in U.S. District Court in New Orleans, home seller plaintiff Joseph C. In 2023, it ranked as the No.

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MLS Brokerage Agents As-is 448

Housing Wire

MARCH 15, 2024

With several of the major brokerage houses already having settled, NAR was in the untenable position of fighting to protect a business model that was already compromised by the settlements.” An industry insider at a top brokerage shared a similar sentiment. “We It also agreed to prohibit broker compensation appearing in the MLS fields.

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Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. District Court for the Western District of Pennsylvania.

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MLS Brokerage Agents Industrial 459

Housing Wire

APRIL 26, 2024

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty.

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Brokerage MLS Agents Branding 488

Housing Wire

AUGUST 19, 2024

Still, none of them want to jeopardize their sale by deterring buyers who might have to forgo representation or cannot afford to pay commission out of pocket to their agent. It is really leveling the playing field,” said Jason Posnick, the sales manager at Lamacchia Realty. Why would we not disclose that info in MLS?

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Purchase and sale agreement Agents MLS Seller concession 476

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 439

Housing Wire

JUNE 10, 2021

REX grabbed national attention in March when the residential real estate brokerage filed a lawsuit alleging an antitrust conspiracy between listings giant Zillow and the powerful National Association of Realtors. In order to get these feeds, Zillow had to comply with the vast majority of MLS’s that adopt the NAR’s “no commingling” rule.

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Purchase and sale agreement MLS Brokerage Residential 397

Housing Wire

NOVEMBER 3, 2023

that you have to be a Realtor to get access to the Realtor-owned and operated MLS. But it is interesting, among other places, like California, Colorado, Florida, Georgia and South Carolina and, functionally, the state of Washington, you don’t have to be a Realtor to get access to the MLS. It is a sales business,” Stella said. “If

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MLS Brokerage Agents Industrial 459

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. National portals as a replacement?

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MLS Brokerage Agents As-is 459

Housing Wire

NOVEMBER 8, 2024

On Thursday, MLS leaders took center stage at several conference sessions, including discussions of the business practice changes driven by the NAR commission lawsuit settlement and how the role of the MLS — and the MLS-broker relationship — has evolved as a result. “I We’ve come a long way since then.”

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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

APRIL 26, 2021

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. Glide, which was founded in 2017, provides tools like eSignature and the digitization of sales processing forms. Unclear is whether the California MLS may renege its relationship with Glide.

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Purchase and sale agreement Agents Brokerage MLS 397