MLS Fights BACK!! 🍿 MLSPIN delivers scathing response to DOJ's statement of interest and lawsuit...

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On Monday, MLSPIN released a response to the DOJ's statement of interest in the Nosalek lawsuit. In it, they make their intentions clear that they will not be removing the buyer agent compensation field since it's been an accepted practice for OVER 100 YEARS! They stated that it would require new legislation in order for them to comply with the new NAR settlement rules which they do not agree with. Grab your popcorn - it's about to get interesting!!
Link to article: www.housingwire.com/articles/...
Brian Fitzpatrick - REALTOR® (Boston, MA)
Lamacchia Realty
451 Main St.
Waltham, MA 02452
MA License # 9569380
www.brianfitzrealty.com/
brian@brianfitzrealty.com
/ @brianfitzrealty

Опубликовано:

11 июн 2024

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Комментарии : 16

@shawnp.2084 22 дня назад

lol this is why the Doj will put the hammer down. They see these mls’ not playing ball

@RoryVanucchi 22 дня назад

👍 Agree

@brianfitzrealty 21 день назад

It's about time!!

@gadgetgrader 17 дней назад

Why don't MLS's just put a Y or N field if real estate is negotiable.

@brianfitzrealty 15 дней назад

Everything is negotiable so there is not need for an additional field like that. In fact, under the new guidelines, even if an offer of compensation is made, not only is it negotiable, but it's non-binding. It's going to be wild! Can you imagine you talk to a listing agent and they say the seller is willing to pay 3% toward buyer agent commission and then decides after your buyer has toured the property to drop it to 1%. I anticipate TONS of sketchy tactics being used and with no transparency or consistency between parties, they are going to get away with it (at least in the short term)

@gadgetgrader 15 дней назад

@@brianfitzrealty in that scenario I bet fine instead of the 3% or 1% commission in the buyer agent agreement they change it to 1% ownership interest making them a principal?

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