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 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 361

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. Nick Caccia, a Greenville, Rhode Island-based producing sales manager at CrossCountry Mortgage , said that it’s hard enough getting a loan to the closing table, especially with the rates where they are.

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Industrial Seller concession Purchase and sale agreement Agents 513

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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Industrial Agents MLS Brokerage 428

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.

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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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MLS Purchase and sale agreement Brokerage Closing 397

Housing Wire

DECEMBER 30, 2024

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

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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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Technology Sales Pre-approval MLS 394

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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MLS VA loan Agents As-is 426

Housing Wire

SEPTEMBER 19, 2024

After a modest monthly uptick in July, existing-home sales fell 2.5% Sluggish sales left total housing inventory at 1.35 more than a year ago, bringing months of supply at the current sales pace to 4.2. While the report is another disappointing one for the real estate industry, there’s good news. That was a 4.2%

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Sales Closing costs MLS Inspection 377

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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MLS Brokerage Days on market Agents 278

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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Due diligence MLS Sales Brokerage 304

Housing Wire

APRIL 23, 2024

New-home sales reached a seasonally adjusted annual rate of 693,000 in March, according to data published Tuesday by the U.S. increase from the revised February rate of 637,000 sales, and it also marks an 8.3% At the end of March, there were 477,000 new homes available for sale. At the current sales pace, there is an 8.3-month

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Sales MLS Mortgages Development 342

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short. More than 1.7

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Sales Pre-approval Short sale MLS 360

Housing Wire

MARCH 13, 2024

Moreover, the concept remains a central theme of some arguments contained in the plethora of lawsuits that are now carpet bombing the real estate industry. There are many: Zillow , Realtor.com (which has not been owned by anyone in the industry for years), Homes.com — just to name a few.

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Seller concession Agents MLS Sales 463

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” months of supply at the current sales pace.

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Sales MLS Mortgages Marketing 347

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

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MLS Lending Closing costs Agents 453

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 20.3%, an improvement on the 23.3% annual drop recorded in March. The Northeast (59.1)

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Sales MLS Banks Mortgages 341

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

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Sales Short sale MLS Marketing 329

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 484

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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MLS Due diligence Brokerage Equity 385

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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MLS Brokerage Industrial Agents 398

Housing Wire

JULY 30, 2024

Since the settlement agreement bans offers of compensation from the MLS, but allows for them be shared in other places, many have felt this could be the ideal solution and, understandably, several sites specifically designed to share compensation and concession information have popped up. And that’s the rub.

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MLS Technology Agents Design 427

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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MLS Staging Technology Agents 335

Housing Wire

NOVEMBER 3, 2023

Speculation is still swirling around what Judge Stephen Bough’s final ruling on the Sitzer/Burnett commission lawsuit will be and how it will impact the industry. that you have to be a Realtor to get access to the Realtor-owned and operated MLS. It is a sales business,” Stella said. “If million members.

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MLS Brokerage Agents Industrial 420

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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MLS Brokerage Industrial As-is 379

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. Despite not being affiliated with a Realtor association, West Penn MLS has adopted a rule similar to NAR’s Participation Rule.

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MLS Brokerage Agents Industrial 438

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. 13, 2019, and the present and the plaintiffs are demanding a jury trial.

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MLS Industrial Agents Brokerage 485

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.

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MLS Brokerage Industrial Sales 328

Housing Wire

APRIL 17, 2024

This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead. Agents are yet to fully adjust to these changes, with upcoming months likely to clarify whether agents will prefer stability or seek new opportunities amidst shifting industry dynamics.

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Agents MLS Brokerage Closing 394

Housing Wire

JULY 12, 2024

The real estate industry is watching with bated breath to see what happens to multiple listing services in the wake of the National Association of Realtors ‘ (NAR) antitrust settlement. The partnership, known as Coast 2 Coast MLS Data Share, will serve more than 20,000 agents. REsides, a South Carolina-based MLS, opted out.

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Housing Wire

NOVEMBER 15, 2024

Most pertain to banning offers of compensation to buyer agents over the MLS, in addition to preventing MLSs from facilitating such offers to aggregator websites. It also requires MLS members to disclose agreements with prospective buyers that outline commission expectations before showing them a home for sale.

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MLS Purchase and sale agreement Technology Agents 359

Housing Wire

APRIL 5, 2024

“Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As

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Industrial Mortgages Construction MLS 282

Housing Wire

MARCH 25, 2021

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. billion in sales volume, according to the RealTrends 500 ranking, which was published this week. billion in 2020 sales. Its sales volume in 2020 climbed to $72.2

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Brokerage Residential MLS Sales 504

Housing Wire

AUGUST 19, 2024

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. Why would we not disclose that info in MLS? The landmark date of Aug.

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Purchase and sale agreement Agents MLS Seller concession 454

Housing Wire

JANUARY 5, 2024

This decline may partially be attributed to the state’s largest MLS , Northwest MLS , not being affiliated with NAR, and the state being home to Redfin , which announced in October that it was asking agents to allow their NAR membership to lapse where possible. million in November 2023 , a 7.3% year-over-year decrease.

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MLS Agents Sales Closing 395

Housing Wire

JULY 10, 2024

For over 37 years I have been a consultant to brokerage firms, MLS’s, Association of Realtors, and other entities related to the residential brokerage industry. In addition to general advisory consulting, I was involved in nearly 1,000 sales or acquisitions of entities in this industry.

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Purchase and sale agreement Due diligence MLS Brokerage 380