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6 MLSs agree to share data

By Inman News, Tuesday, November 3, 2009.

The six largest multiple listing services in North Carolina have joined forces in a data-sharing project that allows participants of any of the MLSs to display data from all six MLSs on a broker or agent Web site.

Dubbed Carolina Data Share, the initial members include: Brunswick County Association of Realtors, Carolina Multiple Listing Services Inc., North Carolina Mountains MLS, Triad MLS Inc., Triangle MLS Inc., and Wilmington Association of Realtors.  more...

House leader: Tax credit a go

By Inman News, Tuesday, November 3, 2009.

House Majority Leader Steny Hoyer says he expects his colleagues will support legislation now moving through the Senate to extend and expand the first-time homebuyer tax credit currently scheduled to expire at the end of this month.

The Senate on Monday voted 85-2 to place limits on further debate of HR 3548, a bill extending unemployment benefits that includes an amendment that would allow homebuyers to claim the credit on sales under contract before May 1. The vote to invoke cloture moves HR 3548 closer to a final vote in the Senate as early as today.  more...

Move restating $3.7M in expenses

By Inman News, Tuesday, November 3, 2009.

Realtor.com operator Move Inc. disclosed Monday that an error in a software program caused it to underestimate by $3.7 million the cost of providing stock-based compensation to its employees from the beginning of 2006 through June 30, 2009.

The programming glitch -- which involved eroneous assumptions about whether an employee's stock options would vest or be forfeited -- had no impact on cash from operations, the company said.  more...

Stuart Wolff trial postponed to 2010 Premium Content

By Matt Carter, Tuesday, November 3, 2009.

The retrial of Stuart Wolff, former Homestore.com founder, chairman and chief executive officer, has been postponed until next year as prosecutors investigate allegations by his defense team that evidence in the case was modified or destroyed by Homestore's accounting firm.

Wolff's lawyers say the government's case against him turns on allegations that "Wolff and others engaged in a conspiracy to actively conceal financial records and information" from accounting firm PricewaterhouseCoopers.  more...