The story behind the ‘hard line’ of MLS fines
Stellar had to rewrite policies and procedures, change bylaws, remove content that mentioned shared compensation.
Stellar had to rewrite policies and procedures, change bylaws, remove content that mentioned shared compensation.
The report pointed out that every ZIP code in the top 10 offered a lower median list price — overall, or per square foot — compared to its surrounding metropolitan area or the rest of the nation's housing market (or both) in June.
"Even with moderately lower mortgage rates, affordability remains close to historic lows due to the high level of home prices relative to incomes," said Mark Palim, Fannie Mae's deputy chief economist.
The case was also national in scope (while Sitzer/Burnett applied specifically to Missouri homeowners), and was later combined with Umpa, another lawsuit filed in the same court.
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Additionally, the founding member level includes a shout-out on the association website and invitations to exclusive events.
"A number of respondents point out that geography and distance play a strong role in deciding against consolidation, since their members do not want other Realtors participating in their MLS who do not understand the local market," NAR noted in the 2017 post.
The NAR settlement specifies that buyer agreements must include "a conspicuous statement that broker fees and commissions are not set by law and are fully negotiable."
Wright, who began her career in the financial services industry, joined the Chicago Sun-Times in 2017 as chief operating officer, was promoted to CEO the next year, then departed in 2023.