WAV Group shares the results of its Clear Cooperation Study to gain directional insights into the feelings of brokers and MLSs regarding the Clear Cooperation Policy incorporated into the model rules by the National Association of REALTORS®.
The options before the committee are clear: leave it alone, consider modifications, or repeal the policy until the industry and the DOJ can find a middle ground.
What we really see here in the case of RealPage and the MLS is related to many factors that precipitate the trends in the marketplace.
What would real estate be without its unending existential threats from the legal system?
The saddest part about the buyer commission litigation is that the new standard is no better than the old.
Imagine the perception if a potential client learns about these changes from sources other than their trusted agent — it could cast doubt on your credibility and integrity, potentially leading to misunderstandings about commissions.
In light of impending alterations stemming from the settlement agreement in the anti-trust litigation, updates to broker and agent websites are inevitable.
In 2023, we asked over 250,000 agents and brokers how interested they would be in statewide lockbox access where they hold a license. Nearly ¾ of respondents (72%) across multiple markets want statewide lockbox access.
Over the years, negotiations over commissions have been particularly pronounced in luxury and hyper-luxury sales, signifying what the Department of Justice (DOJ) aims to address by joining the court and plaintiffs in challenging the practice of advertising buyer compensation in the MLS.
Art Carter, CEO of the California Regional Multiple Listing Service (CRMLS), sheds light on the organization's proactive approach towards addressing the ramifications of anti-trust complaints within the real estate industry.
Get your attorneys on it. Pay close attention to the settlements that have already been announced, and do some 5th grade math.
New consumer protection regulations from the Federal Communications Commission aims to protect consumers from the scams and spam caused by the “lead generator” robo-calls & texts loophole and encourages an opt-in approach for delivering email to text messages.
