Remove 2016 Remove Development Remove Realtors
article thumbnail

North Carolina Regional MLS expands into Georgia

Housing Wire

According to an announcement on Monday, the MLS has recently welcomed the strategic additions of Savannah MLS , Athens Area Association of Realtors and Classic MLS , and the Realtors of Greater Augusta into its fold. Ultimately, this development will empower our members to better serve their clients and grow their businesses.”

article thumbnail

Agent mobility hits lowest point in eight years

Housing Wire

the lowest since 2016, indicating a sharp decrease in agent movement compared to previous years. Rob Keefe commented on these developments: “The data from September underscores a pivotal moment in our industry. This decline suggests that agents are increasingly hesitant to switch brokerages as we move deeper into the fall season.

Agents 458
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FinCEN expands GTOs on all-cash real estate transactions

Housing Wire

The GTOs and the $300,000 reporting requirement were established in 2016 by FinCEN and were originally designed to target shell companies purchasing real estate in Manhattan and Miami. We urge stakeholders to provide input to assist us in developing an approach that enhances transparency while minimizing burden on business.”.

article thumbnail

How do you solve the California housing crisis?

Housing Wire

A panel of experts speaking at a recent California Association of Realtors (CAR) leadership conference laid out the scope of the problem — and some potential solutions being offered at the federal, state and local level. But even with all of these laws, costs and local regulations are still limiting factors for development.

Law 508
article thumbnail

GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

History of the DTS program FHFA issued a final rule in 2016 that implemented the DTS provisions of the Housing and Economic Recovery Act of 2008 (HERA). Department of Housing & Urban Development (HUD) and U.S. Thompson. “I I look forward to hearing the public’s input and feedback on the plans the Enterprises have proposed.”

Finance 390
article thumbnail

“It’s ridiculous”: Real estate industry opposes newly proposed cash-deal reporting rules

Housing Wire

According to the National Association of Realtors , all-cash purchases accounted for 23% of existing-home purchases or $518 billion out of the total of $2.25 The GTOs and $300,000 reporting requirement were established in 2016 by FinCEN and were originally designed to target shell companies purchasing real estate in Manhattan and Miami.

article thumbnail

Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.