Housing Wire

MARCH 3, 2025

And while most of the talking points espoused on both sides of the debate remain fairly consistent, those who are in favor of the policy have recently started to claim that an agent who doesnt list their sellers properties on the MLS may be exposing themselves to legal liability. And these brokers dont trust NAR that much anymore.

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MLS Agents Brokerage Industrial 386

Housing Wire

MARCH 4, 2025

In a news release, Compass CEO Robert Reffkin appeared to openly taunt the National Association of Realtors (NAR), whose CCP rulerequires a Realtor to put a home for sale on the local NAR-affiliated multiple listing service (MLS) within a day of marketing a listing. decrease on the national median sale price.

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Agents MLS Brokerage Days on market 383

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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MLS Sales Residential As-is 441

Housing Wire

FEBRUARY 12, 2025

In some states, the door has been open for many years to real estate agents who want to access their local MLS without being a Realtor. In late 2024 , PAR announced it would be allowing non-Realtors to access the MLS it co-owns with Arizona Regional MLS (ARMLS) starting Jan.

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MLS Agents Industrial As-is 345

Housing Wire

DECEMBER 14, 2023

OneKey MLS has acquired Mid-Hudson MLS according to an announcement on Monday, growing its membership to nearly 50,000 agents. The Poughkeepsie-based Mid-Hudson MLS is a broker-owned MLS serving over 1,400 agents in Dutchess County and the Mid-Hudson Valley area.

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MLS Agents Industrial Closing 435

Housing Wire

NOVEMBER 30, 2024

Dwiggins: Since we started the company back in 2014, we were always looking to try and be a little bit different from the rest of the industry, in the sense of it wasn’t about having tons of agents. It was about the quality of the people who shared sort of the same vision for the industry. Dwiggins: I am a free market guy.

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MLS Brokerage Agents Industrial 370

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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MLS Equity Sales Investor 435

Housing Wire

FEBRUARY 11, 2025

When I attended a national real estate conference last month, the Clear Cooperation Policy the provision requiring listings to be published on the MLS within 24 hours of marketing a property predictably surfaced as a hot-button issue. At one point, a poll asked the hundreds in the audience: What are your thoughts on Clear Cooperation?

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MLS Brokerage Industrial Agents 349

Housing Wire

MARCH 13, 2025

The rule requires brokers to list properties on the MLS within 24 hours of publicly marketing them. Proponents of CCP say it allow for maximum exposure to listings, giving sellers an opportunity for higher sale prices and proceeds while limiting the amount of time a home spends on the market.

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Brokerage Technology MLS Design 362

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 435

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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MLS Technology Residential Banks 448

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. Greene began his tenure at CoreLogic in 2016, where he held key roles in strategic leadership and sales capacities. Greene is also a former real estate broker/owner and a U.S. “Our

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Industrial MLS Residential Development 448

Housing Wire

FEBRUARY 19, 2025

Since NAR’s revenue model is based on the number of agents in the industry paying dues, I believe they don’t want large brokerages and top agents to gain market share because it would result in less agents in the industry and less revenue from agent dues, Reffkin said on the call. decrease on the national median sale price.

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MLS Brokerage Principal Agents 317

Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. On Friday, the firm and some of its subsidiaries and agents were accused of violating the federal Racketeer Influenced and Corrupt Organizations (RICO) Act and the Lanham Act.

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Earnest money deposit Purchase and sale agreement Title Banks 397

Housing Wire

FEBRUARY 26, 2025

A new reality for real estate search: The AI overview trigger pattern While AI-focused search affects all industries, it creates a particularly fascinating dynamic in real estate search. It creates both challenges and opportunities for the industry. The first search consistently triggered an AI overview, while the second didn’t.

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MLS Agents Development Staging 423

Housing Wire

NOVEMBER 4, 2024

As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. It explicitly allows for such offers to be made off-MLS, however.

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Debt-to-income ratio Agents VA loan MLS 321

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 476

Housing Wire

JULY 31, 2024

After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). Month over month, however, pending sales rose in all four regions. The index rose from a reading of 70.8

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Sales Fixed-rate mortgage MLS 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.

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MLS Sales Brokerage Agents 476

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 397

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 468

Housing Wire

FEBRUARY 20, 2025

Some real estate brokers have found their path blocked as they try to navigate the membership agreements mandated by NAR and their local Realtor associations to gain access to MLS listings. When I tried to speak up about it, I faced pushback and retaliation, which only confirmed that the system isnt designed to support people like me.

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MLS Purchase and sale agreement Agents As-is 300

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.”

Industrial 476

Industrial MLS Brokerage Agents 476

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 468

Housing Wire

NOVEMBER 1, 2024

Similar to the HousingWire TECH100, which celebrates the most innovative companies in mortgage and real estate tech, Tech Trendsetters highlights the individuals who are developing cutting-edge technology and leading innovation for their clients in these industries. This year, 75 honorees were selected. Take a look at the full list below.

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Technology Title MLS Development 435

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 459

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

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Purchase and sale agreement Inspection contingency Inspection Title 435

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.

Industrial 448

Industrial MLS FHA loan Agents 448

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

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.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

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

Sales 435

Sales Pre-approval Short sale MLS 435

BAM Media

FEBRUARY 19, 2025

In the past two years, home sellers who avoided the Multiple Listing Service (MLS) left over $1 billion on the table. According to new research from Zillow , choosing a private listing network over the MLS meant the typical seller pocketed $4,975 less than they could have. nationwide. nationwide.

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MLS Brokerage Sales Agents 108

Housing Wire

NOVEMBER 14, 2024

You can network and build community with other agents worldwide, keep up-to-date on the latest industry trends, stay motivated when you’re feeling discouraged, learn directly from some of the top real estate leaders, and even potentially find new clients! If you tell your buyer about a property that’s not on MLS yet, you’ll be a hero!

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Agents Brokerage Industrial Branding 418

Housing Wire

MARCH 24, 2025

Before rushing to a price reduction for your real estate listing, its important to take a step back and evaluate all the factors that could be affecting the sale. Online appearance: Double-check that the listing is accurate and optimized in the MLS. Simply put, there are more buyers than there are homes for sale.

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Staging Sales Agents Marketing 363

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 468

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 459

Housing Wire

NOVEMBER 1, 2024

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent?

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Agents Brokerage Purchase and sale agreement Commercial 448