Housing Wire

MAY 16, 2024

With the latest industry turmoil around compensation, steering and more due to lawsuits and the investigation by the Department of Justice , those outside the housing industry would assume the benefit to listing a home on the MLS would be negligible. Between 2019 and the first quarter of 2023, homes sold on the MLS sold for 17.5%

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Housing Wire

JANUARY 5, 2024

Real estate industry veteran Saul Klein is taking over as the CEO and director of SDAR’s wholly-owned San Diego MLS , according to an announcement on Tuesday. “I Klein has over 40 years of real estate industry experience. In these roles Klein will run daily operation of SDMLS.

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Housing Wire

OCTOBER 1, 2024

REcore , a software-as-a-service and data licensing solutions provider for multiple listing services (MLSs), has announced the launch of its new MLS Buyer Registry tool. ” REcore’s MLS Buyer Registry helps with compliance by ensuring that a buyer agency agreement has been signed before a showing takes place. .

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Housing Wire

JUNE 21, 2024

The future for West Penn MLS is a bit uncertain after Judge William Stickman denied its motion to stay the Moratis commission lawsuit (formerly known as the Spring Way suit ) on Thursday. West Penn MLS did not return a request for comment.

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Housing Wire

OCTOBER 8, 2024

West Penn MLS finally got its way in the Moratis commission lawsuit. Stickman IV, who is overseeing the Moratis suit in the Western District of Pennsylvania, refused to stay the case for the MLS. Howard Hanna and West Penn MLS did not immediately return a request for comment.

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Housing Wire

NOVEMBER 29, 2024

The rational case for repealing MLS Clear Cooperation rules. MLS system offers transparency, but at what cost? MLS is not capitalism in its final form. In fact, if the industry started over from scratch today, there is almost no chance we’d end up with 400+ MLSs each with their own management team, data structures and rules.

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Housing Wire

FEBRUARY 26, 2024

In this new capacity, Greene will oversee operations, sales and customer service efforts, working to empower CoreLogic’s MLS clients. I am honored to be considered for this role. (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement.

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Housing Wire

NOVEMBER 6, 2024

The trend of innovative software solutions and artificial intelligence (AI) tools continue as the real estate industry competes for speed and efficiency. New England -based MLS Property Information Network (MLS PIN) is following these footsteps with its latest partnership. MLS PIN announced a partnership with Restb.ai

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Housing Wire

JUNE 25, 2024

News of the deal, which the board learned about late last week, surprised the MLS executives who had been approached by the shareholders in January. REcolorado is the 16 th largest MLS in the country with 25,000 members. So when the shareholders offered to let the MLS buy itself out, “we jumped at the chance,” Vincent said.

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Housing Wire

AUGUST 27, 2024

The MLS recently made this field mandatory, but in its announcement, it said it decided to make the change following feedback from its members. “As an MLS, it is our duty to protect you and your data. . “As an MLS, it is our duty to protect you and your data. The changes went into effect Tuesday.

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Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, eXp listing agents are not splitting their fees with buyer brokers and agents are allowed to follow their seller’s marketing wishes as long as they are complying with the rules of their local MLS.

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Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools. Other notable MLSs in the program include Bright MLS , the Houston Association of Realtors and Georgia MLS.

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Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. It is going to be an absolute mess.”

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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

MARCH 18, 2024

I think a lot of agents just sort of relied on the MLS to dictate what they were going to make. Like Danzey, Edgerton has heard many concerns from agents across the industry, much of which has been centered around the timeline laid out in the settlement. There is a little bit of a cramming session right now for agents,” Edgerton said.

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Housing Wire

AUGUST 12, 2024

district court judge in Pennsylvania may have denied its motion to stay the Moratis copycat commission lawsuit, defendant West Penn MLS is not backing down without a fight. As part of this filing, West Penn MLS submitted its rules, which it claims eliminates the need for discovery. While a U.S.

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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

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Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Housing Wire

MARCH 15, 2024

He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. More negotiations, lower commissions Per the terms of the settlement, MLS participants working with buyers must enter into written representation agreements before touring a home. LOs on average get about 1%.)

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Housing Wire

JANUARY 23, 2024

As a licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S. It boasts its own in-house digital transaction management platform, a network of agents, in-house title and mortgage services, as well as a 24/7 “concierge” service.

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Housing Wire

OCTOBER 6, 2023

million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. In addition to the already publicized $83.5 In the Sept.

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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. My lawsuit wasn’t filed against individual Realtors; it was filed against the industry.” Name another industry out there where that happens.

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Housing Wire

SEPTEMBER 26, 2024

The share of respondents who believe the changes will lead agents to leave the industry has also come down, dropping by 9 percentage points to 86% of agents surveyed. The majority of agents (60%) also reported that they do not like that they can no longer advertise offers of buyer agent compensation on the MLS , while 20% like the change.

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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.

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Housing Wire

DECEMBER 27, 2023

District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings. Metro MLS will also end its ShowingTime integration in Feb. On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S. Since the Oct.

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Housing Wire

APRIL 10, 2024

in June 2022, but it is not down far enough for the Federal Reserve to begin cutting interest rates,” Bright MLS Chief Economist Lisa Sturtevant, said in a statement. Inflation is down from the high of 9.1% The Fed is looking for core inflation to be at 2% before it lowers the federal funds rate.

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Housing Wire

JUNE 7, 2024

and his overall thoughts on the challenges facing the real estate industry. And then on top of it, the whole work seems to be setting us up to reimagine everything — I just think there is no better place to be right now in the industry. What are your overall thoughts on the challenges the industry is facing?

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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

MARCH 21, 2024

We’ve been scenario planning for quite some time, and it was not a scenario we have not already planned for,” said Art Carter, CEO of the California Regional MLS (CRMLS). “On At CRMLS, Carter said he and his team are already working to implement changes they will have to make to their MLS in order to comply with the new rules. “We

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Housing Wire

OCTOBER 2, 2024

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. Bennett’s most recent role at the MLS was as vice president and chief business development officer, and she originally joined REcolorado as director of integrated solutions in 2012.

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Housing Wire

OCTOBER 11, 2024

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. Under the policy, listing brokers must submit listings to their local MLS within one business day of publicly marketing a home.

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Housing Wire

OCTOBER 21, 2024

17 implementation deadline for the business practice changes outlined in National Association of Realtors’ commission lawsuit settlement agreement in the rearview mirror, the real estate industry has turned its focus to a new point of contention — NAR’s Clear Cooperation Policy (CCP). more than their off-MLS counterparts.

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Housing Wire

DECEMBER 13, 2024

In addition to Jensen, John Breault, the vice president of MLS at Rhode Islands State-Wide MLS, was elected vice-chair, Melissa King, the COO of OneKey MLS , was named secretary, and Richard Renton, the CEO of Triad MLS , was named Treasurer.

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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

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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Housing Wire

AUGUST 20, 2024

The platform provides industry professionals with a single source for property listings and data, which promotes collaboration and the transparent sharing of listing information among industry professionals. Additionally, users have full control over whether their listings are syndicated to portals.

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Housing Wire

OCTOBER 21, 2024

District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in unlawful discriminatory practices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

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