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. None of these arguments hold water.

Debt-to-income ratio 316

Debt-to-income ratio Agents VA loan MLS 316

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.

Renovation 342

Renovation Agents MLS Equity 342

Real Estate News

JUNE 24, 2024

The associations that own the 16th-largest MLS surprised its leaders with a deal that “scared the absolute hell out of us,” REcolorado’s vice chair said.

Equity 359

Equity MLS 359

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.

MLS 434

MLS Due diligence Brokerage Equity 434

Housing Wire

JUNE 25, 2024

REcolorado was surprised to learn this week that its primary shareholders — the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — have agreed to sell the company to a private equity firm.

Due diligence 389

Due diligence MLS Sales Brokerage 389

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

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 475

MLS Sales Brokerage Agents 475

Housing Wire

JUNE 20, 2024

On Wednesday, West Penn MLS , a defendant in the Moratis suit, filed a motion to stay the case, noting that it has opted into the NAR settlement agreement. In the motion, West Penn MLS said that it is seeking a stay until Judge Stephen R.

MLS 437

MLS Equity As-is Brokerage 437

Real Estate News

JUNE 27, 2024

A statement from REcolorado says its potential sale to a private equity firm is not the best way to separate MLSs from Realtor association ownership.

MLS 295

MLS Sales Equity 295

Housing Wire

OCTOBER 3, 2024

District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. Central to the suit is NAR’s Participation Rule , which required listing agents to make a blanket offer of compensation to buyer’s agents in order to list a property on a Realtor-affiliated MLS.

MLS 441

MLS Residential Equity Agents 441

Housing Wire

JUNE 26, 2024

According to Bright MLS, the 481,000 new homes on the market is the most since January 2008, when homebuilders pulled back on production before the financial crisis. Despite May being part of the prime homebuying season, that number represented a 16.5% year-over-year drop and was 11.3% below the revised rate in April. It was at 8.1

Sales 457

Sales MLS Closing costs Equity 457

Housing Wire

FEBRUARY 1, 2021

That leaves close to 800,000 delinquent loans where a short sale (or a pre-foreclosure equity sale if the property has since recovered equity) could help the homeowner avoid foreclosure. million properties foreclosed on between 2009 and 2019 could potentially have qualified for a short sale from a home equity perspective.

Sales 432

Sales Pre-approval Short sale MLS 432

Inman

JUNE 25, 2024

One board member who was part of a team trying to buy the MLS described being blindsided by the private equity deal. The multiple listing service is one of the largest in the US.

Equity 176

Equity MLS Sales Industrial 176

Housing Wire

OCTOBER 31, 2023

Although the verdict has yet to be announced, Stella said he has been seeing changes to how MLS and agents operate over the past few years. Like Stella, Moffett also believes changes to MLS access may arise as a result of the lawsuit and the provisions outlined in the two settlement agreements. “A

Industrial 475

Industrial Agents MLS Brokerage 475

Housing Wire

OCTOBER 19, 2023

Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News. We do not have an answer to this puzzle.

Agents 434

Agents MLS Brokerage Equity 434

Housing Wire

APRIL 25, 2024

“First-time homebuyers are having the hardest time,” Bright MLS chief economist Lisa Sturtevant said in a statement. Some of these all-cash buyers are investors, but the majority are repeat homebuyers who are able to roll equity from a home sale into their next purchase.

Sales 476

Sales MLS Equity Investor 476

Housing Wire

SEPTEMBER 26, 2023

“The Case Shiller index indicates that the typical home price in July 2023 is about 45% higher than it was four years ago in July 2019,” said Bright MLS Chief Economist Lisa Sturtevant. Housing equity is at an all-time high, providing homeowners a very deep cushion against a downturn. ”

MLS 482

MLS Lending Equity Mortgages 482

Housing Wire

SEPTEMBER 18, 2023

In addition, RealTrends Consulting co-founder Steve Murray notes that the settlement agreements might prevent firms that operate under a franchise model from requiring that franchises belong to a Realtor association at any level, that franchises abide by the Realtor Code of Ethics , and that franchise abide by Realtor-affiliated MLS guidelines.

MLS 505

MLS Branding Agents Brokerage 505

Housing Wire

MARCH 2, 2023

“At today’s rates, home prices would have to fall by 30% in order for homebuyers who are purchasing the median-priced home to have the same monthly payment they would have a year ago,” said Lisa Sturvetant, the chief economist for Bright MLS. “So There are two reasons for this price stability—record low inventory and record high equity.

Mortgages 468

Mortgages Fixed-rate mortgage Equity Loan Officer 468

BAM Media

JUNE 25, 2024

BAM Key Details: Shock and concern ripple through leadership for REcolorado, the 16th-largest MLS in the United States, as owners DMAR and SDMDRA agree to sell the MLS to a private equity firm outside the real estate space. Here’s what we know so far. “Our attorneys are freaking out,” Vincent said.

MLS 105

MLS Equity Sales Agents 105

BAM Media

DECEMBER 16, 2024

BAM Key Details: According to new research by Bright MLS, 26.8% According to a new nationwide survey conducted by Bright MLS , nearly one in five homeowners are gearing up to list their property in 2025. Many of these buyers also have been able to quickly accumulate significant equity in their homes as home prices have escalated.

MLS 98

MLS Equity Mortgages Marketing 98

Housing Wire

SEPTEMBER 1, 2022

Borrowers have a record $11 trillion in “tappable” equity that they could use for a cash-out refinance or home equity line of credit (HELOCs). Customer Intelligence by Total Expert also features listing insights, which delivers an alert when a borrower’s home is put on the MLS.

Equity 366

Equity Loan Officer Loans MLS 366

Housing Wire

SEPTEMBER 6, 2023

“Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said.

Industrial 448

Industrial MLS Agents Equity 448

Housing Wire

MAY 4, 2023

Bright MLS’ recent survey showed that sellers in the Mid-Atlantic received an average of 3.4 First-time buyers are having the hardest time, competing with higher-income buyers who are offering all-cash or who are able to roll equity for a home sale into a new home purchase. Mortgage rate fatigue.

Marketing 448

Marketing MLS Mortgages Equity 448

Housing Wire

SEPTEMBER 3, 2024

Despite the quarterly increase, the total number of originations — including purchase, refinance and home equity loans — were down 1.6% year over year in Q2 2024 and were 61% below peak activity levels of 2021. Measured by dollar volume, originations were up 27.6% from the prior quarter and up 1.1% year over year.

Mortgages 500

Mortgages Loans MLS Lending 500

Housing Wire

JULY 19, 2021

According to Black Knight , 96% of homeowners have at least 10% equity – meaning they may be able to pay off their loan, closing costs, and agent commissions without paying out of pocket or a short payoff. Once a homeowner decides to sell, it’s up to the servicer to ensure they fully understand each step of the home selling process. .

MLS 447

MLS Equity Closing costs Sales 447

Housing Wire

JULY 1, 2024

Lucie Realtors Donna Schmidt Chief Executive Officer DLS Servicing Donna DelMonte Executive Vice President of Operations LoanStream Mortgage Erica Acie Head of Retail Originations Truist Erica Vigen Senior Product Manager, Real Estate Analytics Clear Capital Erin Sheckler Head of National Commercial Services Stewart Erin Wester Vice President of Product (..)

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

OCTOBER 23, 2020

Stone Point Capital has purchased Vista Equity Partners’ stake in real estate software company Lone Wolf Technologies. Financial terms of the transaction with Vista Equity Partners weren’t disclosed. million agents, 8,000 brokerages and hundreds of MLS ’ and associations in North America.

Technology 345

Technology Equity Brokerage MLS 345

Housing Wire

AUGUST 28, 2023

In the Times investigation, three women described a pattern of inappropriate behavior by Parcell, who runs the Kenny Parcell Team at Equity Realty in Spanish Forks, Utah. Parcell also wrote that the allegations were false, and claimed he was the victim of character assassination. NAR has over 1.5 Most of its leaders and executives are male.

MLS 482

MLS Equity Brokerage Design 482

Housing Wire

OCTOBER 3, 2023

model of local MLS broker marketplaces has long been — and still is — considered the best value in the world. NAR stands by its pro-consumer, pro-competitive guidance for affiliated local broker marketplaces that ensure equity, efficiency, transparency and market-driven pricing options for home buyers and sellers,” Williams wrote in an email.

Industrial 352

Industrial MLS Brokerage Staging 352

Housing Wire

APRIL 4, 2024

Whether it’s a public portal, like Zillow or Redfin , or whether it’s an MLS search, you hop on and you set some criteria using filters. And the property itself did not come up on my agents’ MLS search for me because the monthly HOA fee was a few dollars more per month than what he had set as the max on the search.

Technology 436

Technology MLS Agents Design 436

RIS Media

JULY 10, 2024

Burks, president of Equity Title of Colorado, who owns a company called Mazl LLC that will take control of the MLS—has brought up much conversation on what impact it will have on the MLS industry.

MLS 121

MLS Industrial Sales Title 121

Housing Wire

MAY 10, 2021

North Carolina-based HG Holdings Inc agreed last week to acquire 100% of the equity of Florida-based National Consumer Title Insurance Company — owned by Southern Fidelity — and 100% of the interest in National Consumer Title Group LLC. HG Holdings will pay Southern Fidelity $5.5 million, according to a statement put out by the company.

Title 367

Title MLS Equity Land 367

RIS Media

MARCH 25, 2024

On a mission to move the MLS industry forward and put the power back in the hands of brokers, REsides is riding the wave of momentum that was set in motion with the launch of its revolutionary equity-ownership model for members.

MLS 124

MLS Industrial Equity Development 124

Housing Wire

OCTOBER 20, 2023

According to Ketchmark, the buyer’s agent portion of the commission on Ellis home sale accounted for 20.55% of her net equity, meaning the commissions for both agents ate up roughly 40% of the equity she had accumulated on the property. “It On the home sale at issue, Ellis said she paid 6% commission on the home sale.

Equity 434

Equity Agents Sales MLS 434

Housing Wire

FEBRUARY 14, 2023

It means that the Federal Reserve will push forward with rate hikes through the spring, which will increase borrowing costs for consumers and businesses,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

MLS 396

MLS Equity Mortgages Design 396

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 475

Technology Title Development Lending 475