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

MAY 30, 2024

Bright MLS , the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors ’ recent settlement of the real estate agent commission lawsuits. Bright MLS also tells agents and brokers that commissions are negotiable.

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Housing Wire

JUNE 27, 2024

In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. REcolorado is the 16th-largest MLS in the United States and has 25,000 members.

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Housing Wire

OCTOBER 16, 2024

A new startup wants to help real estate agents get more out of their multiple listing service (MLS). Realoq has launched a MLS platform that features customized branding and direct access to consumers, and the company believes it will provide savings on lead generation.

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Housing Wire

OCTOBER 27, 2023

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. These local MLS broker marketplaces work in favor of consumers every day.

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Housing Wire

JULY 22, 2024

VestaPlus , a software development firm known for its MLS solutions geared to real estate agents, has entered into a strategic partnership with California -based San Diego MLS. The flexibility in working with VestaPlus is in line with what you would expect from a peer MLS,” Klein said.

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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

OCTOBER 30, 2024

On Wednesday, the California Regional MLS (CRMLS) and Mid-Atlantic-based Bright MLS announced that they will be offering subscribers reciprocal data access, or “guest access,” to reach other’s listings. CRMLS currently has more than 127,000 active listings and Bright MLS hosts more than 115,000 active listings.

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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

OCTOBER 15, 2024

On Friday, the brokerage notified the court that it was voluntarily dismissing Wasatch Front Regional MLS , which does business as UtahRealEstate.com , from the suit. But the MLS defendant was dismissed without prejudice, which means Homie could refile its suit against UtahRealEstate.com. Homie filed the suit in mid-August.

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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

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. Every year I get a postcard on my birthday from my MLS, My MLS pays for technology that I’ll never use and they put on training I rarely attend. Does cc work?

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Real Estate News

NOVEMBER 9, 2024

Robert Reffkin said “it’s only a matter of time” before Zillow becomes a national MLS. Zillow, meanwhile, advocated for a strong MLS and equal access to data.

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Real Estate News

DECEMBER 19, 2024

The option lets brokers access the MLS outside the traditional three-tier membership system. NAR says it is maintaining standards for the Realtor brand.

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Housing Wire

NOVEMBER 20, 2024

The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access. In the state of California, it is illegal for an MLS to require Realtor association membership it order to access the MLS.

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Housing Wire

NOVEMBER 6, 2024

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 on Monday to bring advanced AI features to its web-based Pinergy MLS system. Erminio Grasso, president and CEO of MLS PIN, describes the Restb.ai

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Housing Wire

NOVEMBER 22, 2024

The plaintiffs take issue with what they claim is a requirement for agents and brokers — in Michigan and nationally — to be members of NAR, their state Realtor association and a local Realtor association in order to gain access to the MLS. The three plaintiffs are real estate professionals.

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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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MLS Brokerage Days on market Agents 290

Real Estate News

DECEMBER 23, 2024

The National Association of Realtors says MLS Choice allows non-Realtors to join the Phoenix association. PAR says NAR threats will chill innovation.

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Housing Wire

MAY 3, 2024

Proptech company RealReports is partnering with New England-based PrimeMLS , the companies announced on Thursday. As a result, PrimeMLS’s 12,000 member agents will have access to RealReports’s wealth of property data.

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Housing Wire

NOVEMBER 12, 2024

Last week, the plaintiffs in the suit filed a notice of appeal of a lower court’s decision to dismiss both Howard Hanna and West Penn MLS from the suit with prejudice. In West Penn MLS, they had a different set of rules and different practices than those at issue in Missouri,“ he said.

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Housing Wire

MAY 3, 2024

Johnson’s letter also outlined what these changes will look like and what revisions to NAR’s MLS policy handbook have been made. The changes also prohibit the use of MLS data or data feeds to directly or indirectly establish or maintain a platform of compensation offers from multiple brokers or other buyer representatives.

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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.

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MLS Agents Industrial As-is 506

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). With NAR’s latest announcement other MLS’ may choose to follow suit.

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Housing Wire

OCTOBER 2, 2024

The Houston Association of Realtors (HAR) , San Antonio Board of Realtors (SABOR) and Austin-based Unlock MLS are entering into a data sharing agreement that will give Realtors access to each other’s listings, with the deal set to be finalized by the end of the year. It’s not the first time HAR, SABOR and Unlock MLS have collaborated.

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Housing Wire

MARCH 29, 2024

The Council of Multiple Listing Services is joining Northwest MLS in filing a motion to request that it can file an amicus curiae brief in the Nosalek commission lawsuit. The MLS trade group, which represented 225 MLSs, including MLS PIN, wrote that it opposes the effort of the DOJ to “impose a policy preference on the U.S.

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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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MLS Brokerage Seller concession Agents 462

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

AUGUST 12, 2024

Additionally, they claim that the “compulsory nature of membership in the defendants’ organizations in order to access the MLS is a violation of their ability to conduct business in a fair and unencumbered manned which has resulted and will continue to result in them incurring damages.”

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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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Housing Wire

APRIL 30, 2024

NAR recently published an FAQ page related to the settlement agreement where it clarifies that the phrase “working with” is meant to “distinguish MLS participants who provide brokerage services to a buyer from MLS participants who simply market their services or just talk to a buyer.”

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MLS Agents Brokerage As-is 479

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.

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MLS Equity Brokerage Closing 437

Housing Wire

FEBRUARY 16, 2024

In its statement of interest relating to MLS Property Information Network ’s (MLS PIN) settlement agreement with the Nosalek commission lawsuit plaintiffs, filed Thursday evening, the DOJ recommended that Judge Patti D. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

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MLS Lending Closing costs Agents 457

Housing Wire

OCTOBER 21, 2024

As part of NAR’s mandatory MLS policies, Clear Cooperation requires brokers to list properties on an MLS within one day of publicly marketing the listing. Saul Klein , the CEO of San Diego MLS , began his career in the real estate industry in the 1970s. “I more than their off-MLS counterparts.

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MLS Brokerage Industrial Agents 411

Housing Wire

JULY 23, 2024

Survey data released Tuesday by Bright MLS concluded that “affordability is increasingly becoming more of a challenge for potential homebuyers.“ In June, 38% of buyers successfully completed a purchase through Bright MLS while submitting only a single offer. In total, Fannie is forecasting $2.11 trillion this year. one year ago.

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Mortgages MLS Finance Loans 507

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 372

Housing Wire

SEPTEMBER 27, 2024

An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. One of the interest parties they negotiated with was the existing board of directors, who in February believed they had a handshake deal to acquire the MLS. This is not an MLS.

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