Realtors reject proposal to require disclosure of more referral fees

The proposal would have amended the Realtor Code of Ethics to expand what sources of revenue must be disclosed to clients. It passed one vote — but was rejected in a final round. Continue reading

NAR repeals rule requiring membership for MLS access, leaves decision to locals

NAR said access to the MLS will be a “matter of local discretion.” The change is part of NAR’s ongoing effort to find areas of potential legal risk and get rid of them. Continue reading

Dawn of a new era: Here’s how NAR says it’s changing for its members

Two years after controversy engulfed the nation’s largest trade group, the National Association of Realtors says it’s charting a new course. Continue reading

NAR economist predicts post-shutdown real estate ‘boom’

NAR Chief Economist Lawrence Yun said Friday there could be a brief bump in home sales after the government shutdown. Here are the other market forces he’s watching. Continue reading

Where else is Zillow not enforcing its private listing ban?

Zillow acknowledged last week that it wasn’t enforcing its private listings rule in Chicagoland, opening the question of where else the standards might not be in effect. Continue reading

NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’

At the end of his historic two-year term as president of the National Association of Realtors, Kevin Sears reflects on his legacy, the DOJ, 50-year mortgages and more. Continue reading

Realtor.com is gaining on competing portals despite decline in users, owners say

Average monthly unique users to Realtor.com sites fell 6.5 percent compared to the prior year as lead volume also slid 1 percent. Company said it had to 72 million average unique monthly users in the most recent quarter. Continue reading

Share of first-time homebuyers falls to lowest point ever

Homebuyers and homesellers are also older, with the median age of first-time buyers rising to 40, according to a new report on homebuyers and sellers from the National Association of Realtors. Continue reading

Zillow calls Chicago’s Private Listing Network a ‘hidden listing scheme’

Zillow delayed the rollout of its ban on privately marketed listings in the nation’s third largest market, but the portal appears ready to crack down on widely used Private Listing Network. Continue reading

It’s ‘difficult’ for buyers ‘to negotiate lower commission rates,’ watchdog says

The Consumer Policy Center says that buyer’s agents have learned to hedge against the newfound ability of buyers and sellers to negotiate rates. Continue reading