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Amid legal uncertainty, MLSs explore cooperative compensation workarounds

Housing Wire

Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough. The National Association of Realtors also began allowing this under its Clear Cooperation policy in early October 2023.) Let’s break down the changes and the implications.

Legal 372
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Stavvy’s all-in-one platform makes legal and financial transactions easier, safer and more accessible

Housing Wire

As state and federal regulations are poised to (slowly) move the industry forward in the coming years, Stavvy has built a suite of tools to solve these problems today. In most loan origination or modification situations today, consumers are talking to multiple parties: their lender, their realtor, a notary, a title company and others.

Legal 268
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NAR releases flood disclosure tracker as federal shutdown looms again

Housing Wire

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., America’s 1.5

Legal 330
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7 Essential Tips for Selling Your Home Without a Realtor

Listing Spark

Traditionally, homeowners depend on realtors to navigate this complex venture, which often comes with a hefty 3% listing agent fee. But what if you could successfully navigate the intricacies of this journey without a realtor? Traditional realtors typically charge a commission of around 3% of the home’s selling price.

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Zillow launches buyer agreement for home tours

Housing Wire

Through the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement Zillow is now getting into buyer representation agreements. But Samuelson wrote that Zillow views this as “an opportunity to provide tools for the industry to fulfill these requirements in a way that puts the consumer first.”

Buyers 510
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Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. What many consumers don’t realize is there are some key distinctions of a REALTOR® that will benefit them in their real estate endeavors. What is NAR?

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“Enough is enough.” Redfin leaves NAR in wake of sexual harassment allegations

Housing Wire

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. Kelman and other Redfin executives wrote that the all-or-nothing approach Redfin is having to take with Realtor association membership has been forced on the firm by NAR’s rules.

Brokerage 376