Housing Wire

APRIL 9, 2024

Kansas City -based Heartland Multiple Listing Service ( MLS ) has announced a strategic integration with Down Payment Resource (DPR) to enhance accessibility to homeownership for residents across the Greater Kansas City area. Moreover, within the Heartland MLS footprint, 27 agencies administer 39 distinct homebuyer assistance programs.

Real Estate Agent 394

Real Estate Agent Agents Real Estate Realtors 394

Housing Wire

JANUARY 5, 2024

San Diego Association of Realtors , which operates one of the country’s largest multiple listing service, has new leadership following the departure of alleged fraudster Mike Mercurio. In July, Mike Mercurio , SDMLS’ longtime CEO left the MLS amid a cloud of alleged inappropriate financial behavior.

Real Estate 379

Real Estate Realtors Technology Tools 379

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. Grace is seeking class action status for the suit, with the proposed class being any homeowner who listed and sold a home on BAREIS MLS between Dec.

Realtors 441

Realtors Sellers Buyers Real Estate 441

Housing Wire

JANUARY 26, 2024

When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits. Nevada’s unusual commission lawsuit is no longer so unusual.

Brokerage 406

Brokerage Realty Realtors Sellers 406

Housing Wire

OCTOBER 17, 2023

We are optimistic and hopeful that the value of the MLS and the role of the agent will prevail so that we can continue to provide an efficient and transparent marketplace for consumers.” With great change on the horizon, MLS executives said they are focusing on showing their value to agents and their clients. “I

Real Estate 392

Real Estate Realtors Agents Clients 392

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. 16, 2020, and the present. 16, 2020, and the present.

Real Estate 423

Real Estate Realtors Realty Brokerage 423

Housing Wire

MARCH 28, 2024

Kirkland, Washington-based Northwest MLS (NWMLS) is looking to have its voice heard in a lawsuit all the way on the other side of the country. The MLS added that in the DOJ’s argument about steering, it did not acknowledge that the rule changes also made information about sellers’ offers of compensation available to other consumers.

Sellers 380

Sellers Contracts Buyers Realtors 380

Housing Wire

JANUARY 25, 2024

According to court documents filed on Wednesday, The PLS.com (the “P” stands for property and not pocket), has reached a settlement agreement with Bright MLS , Midwest Real Estate Data and California Regional Multiple Listing Service. As of Thursday morning, the details of the settlement have not yet been disclosed.

Legal 419

Legal Real Estate Agents Realtors 419

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.

Real Estate 430

Real Estate Real Estate Agent Realtors Buyers 430

Housing Wire

NOVEMBER 8, 2023

Moving past cooperative compensation In early August, Bright MLS , the nation’s second largest MLS, began allowing listing agents to use a $0 blanket offer of compensation for buyer brokers and still list a property on the MLS. Let’s break down the changes and the implications. As of Jan.

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Legal Law Sellers Agents 406

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. Both lawsuits are seeking class-action status. 4, 2019 and the present.

Realty 423

Realty Realtors Brokerage Real Estate 423

Housing Wire

OCTOBER 4, 2023

In a statement of interest filed last Thursday, the DOJ noted that it had “significant concerns” about the proposed antitrust settlement agreement between home sellers and MLS Property Information Network (MLS PIN). MLS PIN, which is New England’s largest Multiple Listing Service (MLS), filed the settlement agreement in late June.

Buyers 408

Buyers Realtors Sellers Legal 408

Housing Wire

JANUARY 16, 2024

Realcomp MLS announced last Wednesday that its users now had free access to CubiCasa through an alliance with the proptech company. By working alongside Realcomp and its MLS Subscribing Brokers, Agents, and Appraisers, we’re able to fill the void by producing more floor plans and thus providing more property data on homes across the country.

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Agents Training Technology Real Estate 402

Housing Wire

APRIL 15, 2024

Gene Millman, president and CEO, REcolorado The value of the MLS cannot be understated. With the real estate industry adjusting to the National Association of Realtors commission lawsuit settlement agreement , the importance of a tried and trusted MLS business partner is undeniable. So, we take data protection very seriously.

Real Estate 409

Real Estate Business Agents Tools 409

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.

Brokerage 493

Brokerage Agents Buyers Clients 493

Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C.,

Buyers 370

Buyers Clients Sellers Realtors 370

Housing Wire

DECEMBER 19, 2023

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. MLS PIN, however, has not been as fortunate.

Real Estate Agent 387

Real Estate Agent Real Estate Buyers Realtors 387

Housing Wire

JANUARY 9, 2024

Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.” 2023, the Masiello suit is seeking class action status for all persons who used any brokerage defendant to list and sell a home on an Arizona MLS and paid a buyer broker commission between Jan. commission ($10,250) to the buyer broker.”

Realty 457

Realty Realtors Real Estate Real Estate Agent 457

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.

Agents 402

Agents Realtors Real Estate 402

Housing Wire

OCTOBER 30, 2023

Originally filed in December 2020, the Nosalek lawsuit , named after its lead plaintiff, alleges that the broker-owned MLS PIN is not directly required to abide by the National Association of Realtors (NAR) rules. In addition to MLS PIN, Anywhere and RE/MAX, defendants in the suit include Keller Williams and HomeServices of America.

Realtors 387

Realtors Real Estate Buyers Sellers 387

Housing Wire

JANUARY 29, 2024

The other defendants in the lawsuit are West Penn MLS , a local broker-owned MLS that is not affiliated with the National Association of Realtors ; Berkshire Hathaway HomeServices The Preferred Realty ; Howard Hanna ; NextHome PPM Realty ; NextHome Dynamic ; Realty One Group Gold Standard ; Realty One Group Platinum ; and Realty One Group Horizon.

Brokerage 356

Brokerage Realty Real Estate Real Estate Agent 356

Housing Wire

FEBRUARY 13, 2024

Intercontinental Exchange (ICE) announced a multiyear licensing agreement with REdistribute for permissioned access to multiple listing services (MLS) information. Launched in 2022 by BrightMLS and California Regional MLS , REdistribute is an MLS-owned company that includes licensed data from more than 40 MLSs.

Real Estate 391

Real Estate Realty Brokerage Technology 391

Housing Wire

SEPTEMBER 19, 2023

CubiCasa will be providing its user-friendly floor plan creation tools to the 110,000 members of California Regional MLS (CRMLS), the largest MLS in the United States. CubiCasa’s MLS Partnership Program now boasts 30 participating companies. CubiCasa’s MLS Partnership Program now boasts 30 participating companies.

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Tools Technology Training Real Estate 414

Housing Wire

JANUARY 16, 2024

The complaint names the National Association of Realtors , Las Vegas Realtors , Nevada Realtors , Sierra Nevada Realty , Incline Village Realtors , Elko County Realtors , Mesquite Real Estate Association and Northern Nevada Regional MLS as defendants.

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Realtors Real Estate Agent Real Estate Sellers 436

Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools. Other notable MLSs in the program include Bright MLS , the Houston Association of Realtors and Georgia MLS.

Tools 392

Tools Technology Real Estate Training 392

Housing Wire

JANUARY 12, 2024

The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers and professionals in the Atlanta metro area, Northern California , South Florida and the Kansas City metro area.

Real Estate Agent 424

Real Estate Agent Real Estate Realtors Agents 424

Housing Wire

JANUARY 29, 2024

Two days after The PLS.com and three of the nation’s largest multiple listing services notified the court they had reached a settlement in their ongoing legal battle, the listing site filed a motion to dismiss the only remaining defendant, the National Association of Realtors , without prejudice. Holcomb of U.S.

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Legal Real Estate Agents Realtors 401

Housing Wire

JANUARY 19, 2024

Lyon & Associates , Guide Real Estate , Paul M. Unlike other MLSs, MetroList is not exclusively owned or operated by Realtor associations affiliated with the National Association of Realtors. Instead MetroList is owned and operated by local Realtor associations and California Real Estate Brokers, Inc.

Realtors 380

Realtors Real Estate Real Estate Agent Buyers 380

Housing Wire

SEPTEMBER 12, 2023

District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. MLS PIN, which is New England’s largest multiple listing service (MLS), filed the settlement agreement in late June.

Buyers 391

Buyers Realtors Real Estate Agent Real Estate 391

Sacramento Appraisal Blog

MARCH 20, 2024

Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too. It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions.

Realtors 344

Realtors Sellers Buyers Appraisal 344

Housing Wire

DECEMBER 15, 2023

The blanket offer of compensation is required by the National Association of Realtors’ Participation Rule in order to list the property on the MLS. The suit is seeking class action status on behalf of anyone who listed a property for sale on an MLS in Texas between Nov.

Real Estate 464

Real Estate Realtors Realty Real Estate Agent 464

Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. MLS PIN, which is New England’s largest Multiple Listing Service (MLS), filed the settlement agreement in late June.

Buyers 393

Buyers Realtors Real Estate Sellers 393

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. Filed on Tuesday in U.S.

Realtors 404

Realtors Legal Agents Brokerage 404

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. The policy requires agents to provide a blanket offer of compensation to the buyer’s broker in order to list a property on the MLS.

Sellers 422

Sellers Realtors Buyers Agents 422

Housing Wire

APRIL 17, 2024

The broader impact of the National Association of Realtors (NAR) settlement is still unfolding. The AMI, a robust measure of agent movement dynamics, is calculated from extensive national data drawn from major MLS systems and is released monthly. Efforts are made to exclude out of market agents and those which are MLS system artifacts.

Real Estate Agent 408

Real Estate Agent Real Estate Agents Brokerage 408

Housing Wire

NOVEMBER 14, 2023

Collabra Technology , a real estate marketing and analytics firm, has appointed former Bright MLS executive David Charron to its board of directors, the company announced on Monday. In 2017, MRIS merged with TREND to form Bright MLS. For 16 years, Charron was the president and CEO of MRIS , a major multiple listing service.

Real Estate 369

Real Estate Realtors Investors Technology 369

Housing Wire

OCTOBER 6, 2023

million ( Anywhere ) and $55 million ( RE/MAX ) payouts, both settlements contained nearly identical terms, including provisions to no longer require agents to be members of the National Association of Realtors or follow NAR’s Code of Ethics or the MLS Handbook. In addition to the already publicized $83.5 In the Sept.

Agents 393

Agents Brokerage Realtors Real Estate 393