West Coast’s Home Sales Real Estate Market Continues to Defy Gravity

Home sales continue to climb across the United States, according to some reports home prices have gone up 11.2% just in 2 months. The economy is facing inflation in a way never seen before. Used car’s prices skyrocket 10% between March and April. This is something that hasn’t been seen since the 70s. Inflation is back, and experts don’t know when it’s going to slow down.

One of the other biggest changes will be Multiple Listing Service charging agents fees based on all offices of a firm (and are within the jurisdiction of the MLS’s shareholder association, also known as the “jurisdictional assessment option.” Section 6, the following service charges for the operation of the MLS has changed “for any licensee of a licensed or certified appraiser who can demonstrate subscription to a different MLS where the principal broker participates.

She, along with her small staff of seven (with an exclusive 4 employees who work exclusively on the association, not Multiple Listing Service, duties) are serving around 1,575 MLS subscribers and have decided to seize this opportunity to revamp subscribers agreements.

Is the Housing Market Going to Crash in 2021?

A task they have been meaning to take on for quite a while, in the face of change. Sam Decord, the managing broker for Seattle Homes Group and vice president of strategic growth for Coldwell Banker Danforth in Bellevue, Washington says, “this is going to better for the marketplace as a whole,” and notes the intention of the policy change is both circumvent off-Multiple Listing Service activity and supports brokers and agents who want to expand without the constraints of the so-called overlapping market syndrome. Forced brokers and their agents to pay for MLS services they did not want or find valuable; and had discriminated against newer, tech-enabled business models. Sold data: amended MLS Policy Statement 7.58 requires MLSs to, at broker request, will provide access to all available sold data by the MLS starting from January 1, 2012.

For display on the broker’s website. This policy previously required Multiple Listing Service to provide a minimum of 3 years of sold listing data. The amended policy keeps the existing exception for areas where the sold information is no longer publicly accessible. The rationale was to allow brokers to compete on a level playing field with third-party listings portals, where they do not require a three-year limitation. Property search results: The board amended the same policy, 7.58, to authorize brokers to return search results on their sites with no less than 500 listings or 50% of the MLS (whichever is less).

Different Changes in Home Sales

Multiple Listing Service subscriber orientation: the NAR board amended the MLS Policy Statement 7.92, in regards to requiring MLSs in making a remote training option for MLS orientation available for agents and brokers. Though there are some debates as to whether these changes put a burden on smaller MLSs because many of the large MLSs have the technology to catch unauthorized users with their services of password sharing.

Debord points out that “in the meantime, there are software programs that folks use to see who is logging in, who is logging out. We don’t deny that it’s more work.” Others argue this new rule change will encourage brokers and agents to join more Multiple Listing Services and make recruitment much easier. Debord and others noted that this new rule change could actually encourage brokers and some of their agents to join more MLSs, since all the broker’s agents do not have to join, thereby improving data.

Disruption in the Real Estate Market

This does not fix all the market disruption, Rick Harris, chair of the Multiple Listing Service advisory boards notes that “this creates greater disruption in the market than the brokerage community is already experiencing,” and believes this “thrust” of the policy change will improve relationships between the brokers and MLSs. This new rule should make recruitment much easier for managing broker Jenny L. Johnson, e-PRO runs a Chase International branch in a small town, Incline Village, Nv., and says she pays half of her agents are paying for the MLS access that they do not even use. “It’s expensive,” she explains that “we need to support our agents and their business plans, not focus on dues and violation fines.”

And as a focused trainer, she meets new agents who want to work with her, but with two state borders and five Multiple Listing Service that fall within a 45 miles radius of her office, make it tough to attract and retain sales associates that aren’t ready to compete in the market where her home office is located at.