The commission change mega-FAQ you need to start the historic week

Now that the “New Normal” has officially begun, it’s time to answer the frequently asked questions agents and brokerages have about the newly implemented commission settlement rule changes. Continue reading

Watch out for these 3 pitfalls to avoid pricey fines in your future

Steep fines can stack up and can swiftly put you in a sticky situation, but what’s worse is when it’s your competition turning you in. Trainer Rachael Hite tells you how to stay on the right side of the rules. Continue reading

Landmark real estate commission rules officially go into effect today

The new rules are the result of the National Association of Realtors’ major antitrust settlement. They’re poised to change how agents are paid and how real estate consumers search for homes. Continue reading

A brave new world awaits the real estate industry. Are you prepared?

Beginning Saturday, new rules around commissions take effect, paving the way for the biggest shift in real estate in at least a generation. It’s a brave new world, and it begins this weekend. Continue reading

Compass CEO: Clear cooperation is ‘anti-homeowner’

Robert Reffkin on Wednesday said clear cooperation attaches “negative insights” to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed. Continue reading

Rival portal execs team up against a common foe: MLS red tape

Executives at Redfin and Zillow made the case at Inman Broker Connect that consumers would benefit from more universal standards of data sharing by MLSs. But the path to such a future is rocky, they said. Continue reading

More than 10 million homesellers targeted in class-action media blitz

JND Legal Administration, the company tapped by lawyers to oversee administrative tasks around the Gibson settlement, sent mail out to millions of potential class members earlier this year. Continue reading

New would-be buyer steps in with offer for REColorado

Ohio-based software company MRI Software is making a bid for the MLS just days before it could be sold to another buyer. Continue reading

EXp not ‘doing broker-to-broker compensation’ — with caveats

A much-discussed listing agreement update reflects upcoming NAR rules, but doesn’t bar sellers from offering compensation to buyers’ agents. Continue reading

Local MLSs are doomed. The case for data consolidation in real estate

The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank. Continue reading