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Are the legal risks of private listing networks real?

Housing Wire

And while most of the talking points espoused on both sides of the debate remain fairly consistent, those who are in favor of the policy have recently started to claim that an agent who doesnt list their sellers properties on the MLS may be exposing themselves to legal liability. Restraint on trade? And I consider it to be misleading.

Legal 386
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Real estate leaders emerge from chaos with confidence

Housing Wire

This has felt a lot more like Y2K versus some other stuff that we were warned about but were not prepared for, which is what I wanted,” said Leo Pareja , the CEO of eXp Realty. “My 17 deadline, much of the industry concern was over how home buyers and sellers would react. Would sellers suddenly stop offering buyer’s agent compensation?

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Nothing burger? Smart move? Industry reacts to NAR’s CCP changes

Housing Wire

Despite the headlines , Phillip Cantrell, the founder of Benchmark Realty, characterized the move as a nothing burger. Under what NAR is calling its MLS Listing Options for Sellers policy , sellers will have the option to delay marketing their listing publicly as long as they sign the required disclosure.

Sellers 369
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Agents are prepping sellers for a greater variety of offers

Housing Wire

For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a seller. The seller basically told them to drop dead,” O’Koniewski said. “So, This allows them to keep their net but lower the price.

Sellers 482
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How will listing agents share seller offers of buyer broker compensation off the MLS?

Housing Wire

eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation. eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation.

Sellers 468
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Is the DOJ really the CCP boogeyman for Realtors?

Housing Wire

At the time of issuing its second CID, the DOJ stated that it believed that the policy restricts home-seller choices and precludes competition from new listing services. He added that anyone who is involved in upholding CCP will be subject to legal exposure. If theyre doing it for the wrong reasons, theyre going to be held accountable.

Realtors 243
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Maryland home seller files commission lawsuit in Missouri

Housing Wire

The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” “Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

Sellers 448