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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. 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.

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Industry reacts to Redfin-NAR split: ‘It’s a crack in the wall’

Housing Wire

Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. model of local MLS broker marketplaces has long been — and still is — considered the best value in the world. 2 edition of his Notorious ROB email newsletter.

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MLSs seek to reinvent themselves

Housing Wire

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.”

MLS 417
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Game of chicken: Private MLSs stare down DOJ over settlement terms

Housing Wire

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,

MLS 482
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Inflation rate inches closer to the Fed’s target of 2%

Housing Wire

Bright MLS chief economist Lisa Sturtevant raised the question of whether the Fed has waited too long to cut rates given how much housing costs are driving the metric. A drop in benchmark interest rates would end a brutal period of rate hikes between March 2022 and July 2023 while providing desperately needed relief for the housing industry.

MLS 459
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Why Homie shows alternative models matter in real estate

Housing Wire

As someone who is invested in this industry, I see this development not as a failure of one company, but as a testament to the ongoing evolution and diversification within the real estate industry. Limited service brokerages, like Homie, have played a big role in challenging the traditional norms of the real estate industry.

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Reffkin Calls for ‘Emergency Decision’ on Clear Cooperation as MLS Industry Absorbs Settlement Changes

RIS Media

There were two stories being told on stage yesterday at RISMedia’s CEO & Leadership Exchange, with half a dozen MLS and brokerage executives each sharing their own parts of both sides. Photo credit: AJ Caneria WASHINGTON D.C.—There

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