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Amid legal uncertainty, MLSs explore cooperative compensation workarounds

Housing Wire

Moving past cooperative compensation In early August, Bright MLS , the nation’s second largest MLS, began allowing listing agents to use a $0 blanket offer of compensation for buyer brokers and still list a property on the MLS. Let’s break down the changes and the implications. As of Jan.

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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

“The biggest difference is that sellers need to have the new format and commission structure explained to them fully and carefully,” said Rachael Dotson, an agent at Rhode Island-based Residential Properties Ltd. Why would we not disclose that info in MLS? How is that protecting buyers?” I don’t think that is the case,” Twiss said.

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How to Buy a Multifamily Property in 10 Steps

The Close

Simply put, it’s a residential building with more than one unit designed to house multiple families. When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes.

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6 Flat Fee MLS Companies in Connecticut for FSBO Home Sellers

HomeLight

Links and mentions of Connecticut flat fee MLS listing companies should not be considered an endorsement. That’s where flat fee MLS listing services come in. What is a flat fee MLS listing service? The MLS is a private directory of for-sale homes that real estate professionals use to share home details with each other.

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Flat Fee MLS Companies in North Carolina to Sell Your FSBO Home

HomeLight

Links and mentions of North Carolina flat fee MLS companies in this post do not constitute an endorsement. Real estate agents market their listings on the multiple listing service (MLS) as part of their marketing strategy – something FSBO (for sale by owner) sellers cannot do on their own. What is a flat fee MLS listing service?

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Selling a House ‘As Is’ in Tennessee

HomeLight

Fast facts about selling a house ‘as is’ in Tennessee Median sales price in Tennessee $371,900 (November 2023) Average days on market (DOM) for Tennessee 48 Disclosures “The Residential Property Disclosure Act in Tennessee Code Annotated § 66-5-201 to 210 requires most sellers of residential real estate to complete a disclosure statement.”

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Opinion: Realtors, it’s time to raise your voice for consumers

Real Trends

And yet, in today’s world of technology, instant gratification and misinformation, local MLS broker marketplaces and real estate professionals can be taken for granted. You understand and provide guidance on the financial aspects of the transaction, like mortgage rates, closing costs and appraisals.

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