Property Invests
However, the report also included calls for NAR to "modernize its approach and focus on remaining relevant in an evolving industry, particularly by addressing the concerns of its members and ensuring stronger leadership moving forward."
Based on the results of a recent survey completed by 671 real estate professionals, consulting firm WAV Group found that only 28% of respondents believe the Clear Cooperation Policy should remain in place with no changes, while 29% prefer to modify it or make it optional, and 43% said it should be removed entirely.
eXp Realty CEO Leo Pareja has also come out in support of the Clear Cooperation Policy, telling Real Estate News during a phone conversation that the MLS gives consumers and agents the most "liquid, accurate and complete data set" which is something that homebuyers and sellers in other countries don't have.
"Despite significantly greater optimism that mortgage rates and home prices will move in a more favorable direction for potential homebuyers, most consumers remain apprehensive about the housing market and continue to point to the lack of affordability and supply as the chief reasons for their pessimism," said Palim.
But Dwiggins doesn't just answer questions, he asks them of guests on Real Estate Insiders Unfiltered, his podcast with Keith Robinson, NextHome's chief strategic officer.
When the partnership launched last year, Georgia MLS CEO Richard Boone said "it was time for like-minded MLSs … to come together and form a meaningful referral network" — one that "made geographic sense" and "kept the members as top priority."
I'm excited to continue expanding our reach in Greater Boston utilizing the numerous resources that Coldwell Banker Realty offers," said Bell.
As of today, I believe it is important to start the rate cutting process at our next meeting," Federal Reserve Governor Christopher Waller said in a Sept. 6 speech at the University of Notre Dame.
Allison Thompson, its national lettings managing director, said: “This poorly conceived policy, aimed at boosting homeownership by reducing buy-to-let competition, has instead driven up rents and forced many landlords to cut back on costs and investment in their properties.
And while MLSs are charged with ensuring that offers of compensation don't make their way onto their systems, the point is to educate brokers and agents, not to immediately punish members by imposing a fine, Rene Galicia, EVP of Customer Advocacy for Bright MLS, told Real Estate News.
One tech firm to lean into real estate's new era is Seattle-based MoxiWorks, which announced a major update this week to its software suite and new web products to help agents conduct business in compliance with the rule changes.
As she looks to the remainder of 2024 and into 2025, those solutions will continue to include investments in technology, training and tools to support brokers and agents through the changing industry landscape.