MLS/Association News

The organization added a concessions field in May that allowed listing agents to specify an amount or percentage — but opted to remove those options this week.

At a meeting Monday, association members approved a change in bylaws that will allow the sale of the nation’s 16th-largest MLS to move forward.

South Florida’s Broward, Palm Beaches & St. Lucie Realtors is taking a two-pronged approach, using ads to educate consumers while helping members stay informed.

MRI offered to buy the nation’s 16th-largest MLS — then upped its offer — and wants association members to consider it at a July 29 meeting about the sale.

A U.S. District Court judge has approved a motion from the plaintiffs requesting reconsideration of a case originally filed against NAR in 2020.

There’s “going to be a point at which it doesn't make sense to belong” to small, local MLSs, one broker-owner — and member of 7 MLSs — told Real Estate News.

Four MLSs go Coast 2 Coast in Florida; North Carolina MLS expands into Georgia, each serving about 20,000 members.

The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.

The California association has been the subject of a DOJ inquiry and a scathing CFA report. Updates released this week may allay some of those concerns.

A new statement takes aim at “misinformation and concern” surrounding the proposed sale of REcolorado and provides details on the buyer and his intentions.

After unveiling a scathing critique of the association’s buyer agreement last week, the CFA is back with a new report focused on C.A.R.’s listing contract.

New FAQs from the MLS and from its current owners, DMAR and SMDRA, shed light on user fees post-sale, but the timing and price of the deal remain undisclosed.

The Department of Justice is keeping a sharp eye on the industry as the August 17 deadline for settlement-mandated practice changes draws closer.

The Realtor association owners of the MLS said the decision was made “in the best interests of our collective membership” following confidentiality violations.

The California association said the Consumer Federation of America’s assessment was “misguided” and that its forms will be fully compliant.

A statement from REcolorado says its potential sale to a "private equity firm" is not the best way to separate MLSs from Realtor association ownership.

Association owners of REcolorado say now is “the right time to sell” and that decoupling MLSs and associations can provide protections and improve operations.

The associations that own the 16th-largest MLS surprised its leaders with a deal that “scared the absolute hell out of us,” REcolorado’s vice chair said.

The plaintiffs argued that the proceedings should move forward, but the DOJ wants to delay approval of the deal — and the judge appears to have been swayed.

The California Association of Realtors informed members that the DOJ expressed concern over new forms related to the NAR settlement and MLS practices.