May 31, 2024

Northwest MLS Rejects NAR Settlement, Concessions Field, 2025 Rate Forecast | Knowledge Brokers 072

49 minutes

On this episode of the Knowledge Brokers Podcast, Byron Lazine and Tom Toole discuss the Northwest MLS (NWMLS) decision not to opt-in to the NAR settlement, the new MLS fields launched by California Regional MLS (CRMLS), Bright MLS news, normalizing "the forms that govern a real estate transaction,"

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Resources:

https://x.com/NewsLambert/status/1795297832477323469

https://nowbam.com/nwmls-becomes-the-first-mls-to-say-no-thanks-to-nar-settlement-terms/

https://www.housingwire.com/articles/cfpb-issues-info-request-for-mortgage-closing-costs-in-assault-on-junk-fees/

https://www.housingwire.com/articles/more-than-half-of-homebuyers-dont-shop-for-a-mortgage-lendingtree/

https://www.realestatenews.com/2024/05/30/bright-mls-to-offer-expanded-concessions-field

Timestamps:

00:00–01:11 Intro

01:12 NWMLS will not opt-in to the NAR settlement

02:55 NWMLS strong verbiage and Michael Ketchmark’s comment

07:49 News on California Regional MLS (CRMLS): New MLS fields

10:29 NWMLS believes NAR settlement terms could lead to more secret arrangements

11:56 Article on Bright MLS (visual) by Real Estate News

14:01 Elevating training in the industry & “the forms that govern a real estate transaction”

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Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/

Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/

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#MLS #narsettlement #mortgage

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