The Washington-based multiple listing service said private listings entrench brokerages as “gatekeepers.” The comments come after Robert Reffkin called out NWMLS on Instagram.
Category: national association of realtors
Mega MLSs are attempting to sell Remine — either whole or in parts
The joint venture formed by Austin Board of Realtors’ Unlock MLS, First MLS, Miami Realtors’ MLS and Heartland MLS has hired a firm to liquidate Remine’s assets, a review of legal filings show.
Top 10% of agents control nearly half of all listings as pay gap widens
Top agents are winning a greater share of listings in the wake of NAR’s commission settlement last year, with high-performers holding 42.64 percent of all listings, new data from tech firm Relitix shows.
‘Zillow made the wrong choice’: REX seeks full appeals court review
The discount brokerage contends that a three-judge panel erred in finding that NAR’s no-commingling rule was not direct evidence of “concerted action” between NAR and Zillow.
Fate of Clear Cooperation at hand as Ketchmark issues new warning
As NAR prepares to announce its pocket listing rule decision “in the coming weeks,” attorney Michael Ketchmark said his firm will consider legal action against brokers who vote to maintain the rule.
Suing brokers increasingly chafe at NAR rules and reputation
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Pending home sales fall 4.6% to an all-time low, NAR says
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.
Brokers want Michigan to split MLS access from Realtor membership
The Hardy plaintiffs clapped back at NAR in court on Friday, noting agents and brokers in California, Florida and Georgia can join the MLS without having to support Realtor associations.
Judge ‘surprised and confused’ by buyers’ ask in commission case
At a Thursday court hearing, Judge LaShonda A. Hunt denied a request to add more state law claims to an antitrust complaint from plaintiffs in a case known as Batton 1.
Fannie Mae and Freddie Mac’s net worths climb past $154B
While plans to privatize the mortgage giants are on the back burner, Trump administration may impose limits on how much support the mortgage giants can provide to riskier borrowers.