A new bill in New Jersey seeks to protect homebuyers’ privacy by removing interior listing photos from public MLS feeds after a home is sold. The bill, introduced in the New Jersey State Assembly earlier this month, requires real estate brokers to provide an image removal request form to homebuyers before the date of sale…
What is a “private” listing? Short answer, not everyone agrees. Cooperation—that is, brokers sharing their listings with all other real estate professionals in order to facilitate a sale—has long been the default practice in residential real estate. The National Association of Realtors® (NAR) traces the first precursor to a “multiple listing service,” or MLS, back…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. eXp denied judgment ahead of trial, though Sanford scores win Judge Andre Birotte of the federal central district of California ruled late last week that a jury will decide whether eXp is liable…
The battle over private listings is playing out nearly everywhere—from statehouses and courthouses to brokerage offices and Wall Street boardrooms. As opponents and supporters of the practice make their cases, the debate looks vastly different depending on the venue. But one tool that is nearly always effective is data. And as the practice draws more…
Stellar MLS has announced the REALTORS® Association of Citrus County (RACC) as its newest corporate shareholder, expanding access to technology, tools, data and support to real estate professionals throughout Florida’s largest MLS coverage area, while connecting RACC members to the scale, service and stability of a nearly 80,000-customer MLS community. According to a release, this…
Bright MLS, covering a huge swath of territory across the Mid-Atlantic coast region, is currently the largest multiple listing service in the country. Being the largest often means that the decisions it makes will set the bar for smaller players—particularly in a time of rapid change and uncertainty. This week, Bright announced significant updates to…
Jessica Edgerton, who takes over as CEO of the Council of Multiple Listing Services (CMLS) on July 1, gave RISMedia an interview last week that every agent should read—not because it sounds an alarm, but because it doesn’t. Edgerton gets the most important thing exactly right. Asked what is worth protecting as private listings and…
The multiple listing service has always been a simple concept. But like a lot of straightforward ideas, everything gets a lot more complicated once you need to address competing interests, stakeholder priorities and operational requirements. Even so, MLSs remained a relatively unquestioned foundation of real estate for decades—until now. For the first time in the…
Google’s effort to embed listings directly into its world-dominant search engine just expanded nationally as the tech mega-company leans into the scramble for listing control and display. Starting this summer—but currently limited only to mobile—consumers across the country will see entire listings with photos, pricing, home characteristics and the identities of listing agent and brokerage…
Above, Jessica Edgerton (courtesy of CMLS) Amid a fundamental reorganizing of the MLS space, the Council of Multiple Listing Services (CMLS) announced that Jessica Edgerton, a lawyer who previously served in high-profile leadership roles at Leading Real Estate Companies of the World® (LeadingRE) and as a lawyer for the National Association of Realtors® (NAR) will…
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