Property Invests
Having access to a broader pool of listings has become increasingly valuable in an era of remote work, "helping agents and brokers serve clients looking to move to further away areas," CRMLS said in a news release.
Following the August rule changes, commissions for both buyer and seller agents fell, but they have since rebounded, according to an AccountTECH study that analyzed more than 224,000 transactions from 1,290 real estate offices.
With the installation of U.S. Department of Treasury Secretary Scott Bessent as acting director at the Consumer Financial Protection Bureau, it appears that activity at the agency is coming to a halt for now.
The proposed 25% tariffs were scheduled to go into effect on Tuesday, Feb. 4, but were paused after the leaders of Canada and Mexico made deals with President Trump, agreeing to send thousands of troops to U.S. borders in an effort to curb drug smuggling and illegal immigration.
"Enacting this legislation would save American taxpayers billions of dollars, and I call on the Senate to expeditiously take it up and pass it," Cruz said when introducing the bill.
"For the avoidance of doubt, this injunction extends to claims arising from or relating to transactions where Settlement Class Members either sold or purchased a home on any multiple listing service nationwide, regardless of affiliation or association with NAR or not, and thus includes, e.g., NWMLS, WPMLS, and REBNY/RLS," the filing states.
Editor's note: From regional and statewide players to locals focused on a single market, multiple listings services and Realtor associations are the backbone of residential real estate.