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.
In its latest guide, NAR doesn't address the new rules directly but explains what it means for agents to act in the best interest of buyers and sellers.
The August poll found that 16% of respondents expect a year-over-year increase in buyer traffic in the next three months — that's up from 13%, which was the percentage reported in both June and a year prior in July 2023.
After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023.
"NAR is absolutely not involved," Lund responded when asked about any collaboration or input from the powerful trade association, though he concedes for full disclosure that several current and past clients are on the Emerging Issues Advisory Board.
Inventory is higher heading into fall compared to recent years, so if the Federal Reserve chooses to make deeper rate cuts in September, that could lead to a late-year uptick in sales.
It's a topic that was discussed this week during a webinar called "Winning strategies in a post-settlement world," hosted by T3 Sixty's CEO Jack Miller and Paul Hagey, editor-in-chief for the company's publications.
On Landian's home page, Sitzer states that "our hard-won settlement paved the way for a new era of fairness and transparency," and the company's flat-fee approach is "liberating homebuyers from the excessive commissions they were previously forced to pay."
On this week's episode of Real Estate Insiders Unfiltered, California agentChris Cragnotti shares his experience working with sellers who chose not to include an offer of compensation in the MLS, 10 months before it was required.
: In his weekly report, Simonsen said inventory appears to have peaked in Texas and Florida and may start to decline in those states a little earlier than the rest of the country.
