Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Here’s what homebuyers and sellers can expect in 2024, according to Bright MLS: Mortgage rates will fall, ranging between 6% and 6.5% for much of the year before reaching 6.2%

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MLS Closing costs Sales Mortgages 493

Housing Wire

NOVEMBER 30, 2024

To close the conversation, Dwiggins explains his advocacy for keeping NAR’s Clear Cooperation Policy in place, with a slight change. But if you’re a member of an MLS , you have to follow the same rules as everybody else. If you have to put a property in the MLS within 24 to 48 hours, then you play by the same rules.

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MLS Brokerage Agents Industrial 370

Housing Wire

FEBRUARY 29, 2024

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. The joint motion was filed on Wednesday by MLS PIN, Jennifer Nosalek, Randy Hirschorn and Tracy Hirschorn.

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MLS Agents Closing As-is 448

Housing Wire

MARCH 11, 2025

Public records & MLS misuse Scammers exploit MLS history and public records to appear credible. Delayed discovery Many fraudulent transactions go undetected until months after closing. Be cautious of urgency If a seller insists on a fast, remote closing, take extra care to verify legitimacy. Use a service.

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Agents MLS Land Sales 239

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

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Closing MLS Brokerage As-is 447

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?

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MLS Brokerage Agents Closing costs 488

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

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.

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MLS Purchase and sale agreement Brokerage Closing 397

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 But the New Hampshire Association of Realtors and Prime MLS had already introduced the changes, including mandatory buyer representation agreements and no offers of cooperative compensation on the MLS, about three weeks prior.

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Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

JANUARY 15, 2025

Gen Z (56%) and Gen X (50%) followed closely behind. A survey by Bright MLS found that most prospective buyers want homes to be “move-in ready” before a purchase, although that study had a smaller sample size of respondents compared to This Old House’s study. ” Meanwhile, the rest intend to make needed repairs.

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Renovation MLS Finance Closing 416

Housing Wire

DECEMBER 20, 2024

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. The team has a strong record of multimillion-dollar sales revenue, accumulating $118.5

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Brokerage MLS Sales Agents 396

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.

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Staging MLS Brokerage Design 252

Housing Wire

MARCH 12, 2025

Michael Ketchmark , the lead plaintiffs counsel in the Gibson commission lawsuit against real estate brokerages, told Inman News that his firm is closely monitoring NAR s vote and will determine its next steps based on the outcome. And the decision comes under the shadow of a potential legal challenge.

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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.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

FEBRUARY 19, 2025

CCP makes it difficult for brokerages to acquire exclusive listings because the rule requires Realtors to advertise a home on a NAR-affiliated MLS within 24 hours of signing a listing contract. Reffkin argues that CCP limits sellers’ choice by forcing them to advertise on an MLS. decrease on the national median sale price.

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MLS Brokerage Principal Agents 258

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.

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MLS Brokerage Industrial Agents 275

Housing Wire

OCTOBER 27, 2023

According to his testimony, he has no involvement in NAR or local association boards, but he does encourage agents to get involved and be members of their local association to have access to their local MLS , which he called “the single-best marketplace created.” Closing arguments in the commission lawsuit trial are expected on Monday.

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Closing MLS Agents Title 482

Housing Wire

MAY 10, 2023

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. “CPI data show that inflation is down significantly from the 9.1% Shelter was again a major contributor to this increase, rising 0.4% month over month, thanks to a 0.6%

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Closing MLS Residential Construction 397

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.

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

JANUARY 14, 2025

He didnt close his first deal an investor until month six. ” He did fairly well scouring his MLS and other sources for listings, but his business didnt take off until he niched down again, calling absentee homeowners using Mojo’s triple-line dialer. Wed love to hear from you. Reach out to us here: vetted@housingwire.com.

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Agents Investor MLS Branding 370

Housing Wire

SEPTEMBER 27, 2024

An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. One of the interest parties they negotiated with was the existing board of directors, who in February believed they had a handshake deal to acquire the MLS. This is not an MLS.

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Purchase and sale agreement Sales MLS Agents 474

Housing Wire

APRIL 26, 2021

Wisconsin-based Knight Barry Title has announced its acquisition of MLS Title , located in Fort Myers, Florida. MLS Title, owned by Susan Malach, opened in 2004. The post Knight Barry Title acquires Florida’s MLS Title appeared first on HousingWire. The company now owns 12 companies in the Sunshine State.

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Title MLS Land Branding 284

Housing Wire

SEPTEMBER 18, 2024

Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. We weren’t named in the litigation, we weren’t named in the copycat cases and we didn’t have the mandated rules that were named in the litigation,” said Jeremy Crawford, president and CEO of First MLS. “So,

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MLS Brokerage Seller concession Agents 482

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

JANUARY 9, 2025

Williams: By the numbers Farm area: Virginia Beach Deals closed in year one: 2 Deals closed in year two: 24 Number of agents on his team: 15 Number of social media followers: 26,000 Favorite real estate software: kvCORE Favorite script: LPMAMA Embrace the cringe Think youre going to become an overnight sensation on Instagram?

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Closing VA loan Agents Loans 370

Housing Wire

FEBRUARY 27, 2025

A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Its your chance to emotionally connect with the buyers and create the desire for them to come see the home in person.

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Renovation Agents MLS Equity 367

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

JANUARY 27, 2025

Additionally, with cooperative compensation removed from MLS systems, alongside the new requirement for buyer-agency agreements, agents must speak up and share their value clearly and confidently. Consider platforms that centralize operations from lead generation to closing.

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Technology Renovation Agents Industrial 397

Housing Wire

SEPTEMBER 8, 2021

There were just 2,268 houses, per the Northwest MLS, down 241%. Based in Kirkland, Washington, the Northwest MLS compiles home listings, and tracks sales for 26 counties in Washington state, which also include mid-sized cities like state capital Olympia, the state’s islands, and rural, mountainous enclaves. At the end of this August?

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MLS Sales Investor Technology 482

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

NOVEMBER 8, 2023

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.

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MLS Agents Closing costs Residential 467

Housing Wire

MARCH 18, 2024

Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. In addition, we are watching the count of active agents very closely. The index is calculated using national-level data from a large sample of the nation’s most prominent MLS systems.

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Brokerage Agents MLS Closing 438

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. We’re closely monitoring how these changes affect agent decisions, especially in light of recent industry-wide shifts.

Agents 448

Agents MLS Brokerage Industrial 448

Housing Wire

DECEMBER 10, 2020

. “That allows us to deliver millions of leads for free to brokers and agents that use an MLS to list their rental vacancies,” he continued. If their MLS is a data-sharing partner of Apartments.com, brokers and agents can easily “opt-in” to have their rental listings shared automatically across the Apartments.com Network of sites.

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MLS Marketing Technology Agents 459

Housing Wire

OCTOBER 3, 2024

When speaking with a seller, Conrad explains the new MLS rules, talks about compensation, and makes sure the client knows that it’s completely negotiable. Conrad gives her clients a seller information packet, containing copies of JPAR’s forms and a guide to explain the new MLS rules.

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Agents MLS Closing As-is 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

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