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Opinion: Are we facing the end of the Realtor marketplace?

Housing Wire

I have spoken numerous times over the past 35 years about the fairness and efficiency of what I refer to as the Realtor marketplace , which is a combination of a multiple listing service with Realtor association oversight, supported by a majority of brokerage firms and sales agents.

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DataDigest: 281 Realtors sound off on future of commissions in HousingWire survey

Housing Wire

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. Such an outcome, many predict, could eventually force a disassociation between the Realtor-owned MLSs and the NAR mothership.

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The LO edge in 2022? Realtors, Realtors, Realtors

Housing Wire

I think it’ll be a broken record but Realtors, Realtors, Realtors,” emphasized Rafael Montano, an LO at Rocket Mortgage. Realtors, Realtors, Realtors appeared first on HousingWire. “You have to understand that they’re part of the transaction and you have to leverage them.”

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Nestfully adds BeachesMLS and MIAMI Realtors SEFMLS to its database

Housing Wire

BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. Together, BeachesMLS and MIAMI SEFMLS serve more than 103,000 real estate professionals.

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DirectOffer partners with Arizona Realtor association

Housing Wire

DirectOffer , a marketing and lead generation tool using AI and machine-learning to enhance property listings, has recently reached an agreement with the Arizona Realtors. Dan Pemberton, Arizona Realtors Director of Business Technology and Communications, expressed the organization’s motivation behind partnering with DirectOffer.

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Will Realtors ever go extinct?

Housing Wire

Many believed Realtors were next. At the time, there were 716,000 Realtors in America. Today, there are 1,563,000 Realtors in America. As I write this, there is one Realtor for every 165 adult Americans (by comparison, there’s 1 physician for every 262 adult Americans, and one lawyer for every 250). The net of this?

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What happens to Realtors if the PRO Act passes?

Housing Wire

Realtors be forewarned. If the PRO Act can attract 10 US Senators (and thus survive an expected filibuster), Realtors who fail to self-incorporate will automatically become employees of their brokerage firm. There is at least one path forward, and if it works, independent contractor status for Realtors will be a relic of history.

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