The committee opted to rescind the controversial “no-commingling” policy on Wednesday, one day after NAR’s Multiple Listing Issues and Policies Committee voted to scrap it amid DOJ scrutiny. Continue reading
The trade organization’s MLS committee on Tuesday approved the elimination of the controversial policy at a meeting closed to the media. Its Executive Committee will take a final vote Wednesday. Continue reading
At NAR’s midyear conference, Kevin Sears told brokers he was “cautiously optimistic” about improving the trade group’s relationship with the antitrust enforcer. Continue reading
Think these real estate industry mainstays are doing what’s best for members and real estate pros? Think again, authors and agents Hans and Steve Wydler write. Continue reading
California Regional MLS said in a statement that the new Multiple Listing Options for Sellers policy, which NAR states is mandatory, was created to “placate” complaining brokerages. Continue reading
Zillow’s move to prohibit certain listings from its portal “signals a major tech platform is willing to challenge the old brokerage cartel,” according to Consumer Advocates in American Real Estate. Continue reading
U.S. District Judge Patti Saris asked the DOJ Antitrust Division for evidence that offers of compensation in the MLS are anticompetitive and harm consumers. Continue reading
Berkeley passed a local law against rental algorithms last month. RealPage says the rule is unconstitutional and the result of “an intentional campaign of misinformation.” Continue reading
While some MLS executives praised the “flexibility” offered by the delayed marketing category that will accompany NAR’s Clear Cooperation Policy, its potential repercussions are still unclear. Continue reading
Plaintiffs and defendant MLS Property Information Network agree that approximately 75 percent of sellers are opting out of offering compensation to buyer agents in the multiple listing service. Continue reading