The nation's largest MLS removed compensation fields from its platforms on Aug. 13, after offering detailed guidance to agents on the terms of NAR's proposed settlement
Lux Capital, its Series A round leader, also led this round and was joined by REColorado MLS, Starwood Capital Group, Flex Capital, Stellar MLS and Venture MLS
Last week, the brightest minds in real estate converged at Inman Connect to set agents, brokers and MLS members straight on the finer points of the new rules taking effect in less than 2 weeks
California Regional MLS will continue to allow agents to indicate whether sellers will consider concessions but will no longer have the option to specify a dollar amount or percentage
A much-discussed listing agreement update reflects upcoming NAR rules, but it doesn't bar sellers from offering compensation to buyers' agents
Awarded since 1998, the Inman Innovator Awards honor the thought leaders making new visions of real estate a reality. Winners will be announced live at Inman Connect Las Vegas, July 30-Aug 1
Opinion
Is it time to abandon ship or time to double-down on what's great about MLSs? MLS tech expert Bill Fowler writes that the answer lies in your vision and ability to act proactively and decisively
'By enabling voice-driven access to enriched location data, we are setting new standards for convenience and information accessibility in the real estate market' — Lundy CEO
In response to NAR's proposed settlement, the nation's 2nd largest MLS will add data fields on June 11 allowing sellers to signal they're willing to offer buyer concessions when they list a home
The change allows listings in the California Regional Multiple Listing Service to display whether a homeseller is willing to offer concessions in price — including to cover broker fees
Statements made by a DOJ attorney during a May 21 status hearing in the Nosalek commission case offer new insights into the Justice Department's impression of the proposed NAR settlement
CEO and co-founder Michael Lucarelli has been putting his company in front of multiple listing services for several years as a clever expansion tactic, but with practical ambitions
The local intelligence company's latest tool automatically surfaces locations for homebuyers based on the homes they're already scrolled, offering an alternative to traditional search tactics
In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone
US commercial real estate could show the way forward for residential buyer commissions. Redfin's Joe Rath, Collabra's Russ Cofano, CRMLS' Ed Zorn join James Dwiggins to discuss