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Is Compass already winning the war against Clear Cooperation?

Housing Wire

CCP makes it difficult for brokerages to acquire exclusive listings because the rule requires Realtors to advertise a home on a NAR-affiliated MLS within 24 hours of signing a listing contract. Reffkin argues that CCP limits sellers’ choice by forcing them to advertise on an MLS. decrease on the national median sale price.

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New home sales climb in February for the third straight month

Housing Wire

New home sales continued to rise in February, jumping 1.1% On a year-over-year basis, however, new home sales are still down 19.0%. New home sales increased in February for the third straight month, in a sign that the market may be stabilizing,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. “New

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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

This includes — but is not limited to — posting to the MLS, hosting open houses and getting creative with social media. The simple answer is that real estate agents are paid on commission, typically a percentage of the property’s sale price. Broker-in-charge or Principal broker : These roles most closely align with designated brokers.

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Low inventory drives U.S. home prices up 5.5% year over year in Q3: FHFA

Housing Wire

house price growth continued to accelerate in the third quarter, appreciating more than in each of the previous four quarters,” Anju Vajja, principal associate director in FHFA ’s division of research and statistics, said in a statement. Home prices appreciated in almost all 50 states year over year.

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Looking for clarity in the Clear Cooperation debate

Housing Wire

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.

MLS 448
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Commission sharing websites have emerged. But it’s buyer beware

Housing Wire

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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Chaos, consolidation and opportunity: Experts weigh in on what NAR’s settlement means for the industry

Housing Wire

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. The days of door opening are over.