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The debate around NAR’s Clear Cooperation policy continues among brokers, MLSs, and other real estate industry players. Opinions are sharply divided on this policy, which dictates how and when property listings are created and shared. This polarizing debate threatens the MLS operating model that has successfully served agents and consumers for decades with the most…

The post Technical Capabilities Can Help the Real Estate Industry Navigate Clear Cooperation appeared first on RISMedia.

New York state’s OneKey® MLS has announced that reported data for September 2024 reflects continued strength in the housing market with higher-value transactions. According to an October 21 release, in September, the regional single-family closed median sale price was $715,000, marking an 8.3% year-over-year increase from $660,000 in September 2023. Condominiums saw a significant uptick,…

The post New York Regional Housing Market Continues Strong Performance Into Fall appeared first on RISMedia.

In a lawsuit filed October 16 in the U.S. District Court in Eastern Pennsylvania, broker Maurice Muhammad, representing himself, is suing the National Association of REALTORS® (NAR), the Pennsylvania Association of REALTORS® and the Greater Lehigh Valley MLS (GLVMLS) for $5.6 million over the requirement that he become a REALTOR® in order to be able…

The post New Lawsuit Hits NAR, Other Groups Over ‘Forced Membership Requirement’ appeared first on RISMedia.

It isn’t as shiny and new as it was a couple years ago, when ChatGPT took the world by storm, but AI, or large language models, are still highly influential and fast-evolving pieces of technology that real estate professionals can’t ignore in their businesses. At RISMedia’s 36th Annual CEO & Leadership Exchange this past September,…

The post Homebuyer Dreams, Macaroni and Cheese: What Is the AI ‘Recipe’ of the Future? appeared first on RISMedia.

How will the threat of wildfires affect real estate businesses in the western portion of the United States? The answer to the question differs from market to market, even within certain states. California, for example, sees different measures being taken by region. A recent CoreLogic report detailed that as of July 15, 2024, more than…

The post Threat of Wildfire Balloons Insurance Costs, Shifts Markets Out West appeared first on RISMedia.