DOJ to NAR: Increased competition could save consumers billions

In court filings, regulator says rules “restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations.” Continue reading

4 multiple listing services unite to acquire Remine, replace CEO

Austin Board of Realtors, First MLS, Heartland MLS and Miami Realtors have formed a joint venture to buy the real estate tech firm and position it for future investments. Continue reading

Buyer commissions in — lockboxes out — when NAR votes next month

The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won’t consider change to lockbox policy. Continue reading

CoreLogic rebrands Matrix, Realist and Trestle products

Meet the CoreLogic Listing Management Platform, Property Insights Platform and Property Data Marketplace. Continue reading

Largest MLS relaunches ‘submit offer’ tool after broker pushback

California Regional MLS disabled Glide Offers integration with listing pages after Compass’s acquisition of the platform in April, but has now re-enabled it with the choice to opt out. Continue reading

CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Homesnap’s new portal will launch across NYC in 2022. It’s the latest development in a simmering search portal war between CoStar and Zillow. Continue reading

‘Master bedroom’ nixed from MLS listings in parts of Kentucky, Ohio

Some fair-housing advocates argue the language for a home’s primary bedroom and bathroom carries an uncomfortable racial connotation. Continue reading

‘This is not a blip’: Antitrust experts warn RE leaders to work with DOJ

The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, “It’s better to be part of the process … than having the rules written for you.” Continue reading

REX: ‘Outmoded’ real estate rules ‘struck a vein’ with DOJ

Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading

REX CEO calls on NAR to repeal ‘anti-consumer’ rules at conference

In an open letter, Ryan alleges the National Association of Realtors’ rules prevent hundreds of thousands of Americans from attaining homeownership. He called on NAR to repeal the rules at its Realtors Conference and Expo in San Diego in November. Continue reading