Where Real Estate Gets Its Dirt

CRMLS to give option to display office compensation amounts on IDX websites.

Selling office compensation amounts may appear on all agent and broker websites

“As of Mon, Feb 15th, in compliance with the upcoming NAR-DOJ agreement, CRMLS will give users the option to display selling office compensation amounts on all agent and broker websites. CRMLS plans to comply with all terms, once finalized.”

Looks like it’s a trend! Great leadership from CRMLS!

New M&A consulting firm launched by Steve Murray and Scott Wright

Steve Murray and Scott Wright Launch RTC Consulting

“No consulting firm will have more experience advising on M&A than RTC Consulting.  From small one-office firms to the largest in industry history (Long & Foster), RTC Consulting is committed to exceeding every client’s expectations.  In 2020, together, Murray and Wright advised on a slew of transactions including Gardner Realtors in their sale to Latter & Blum, Benchmark in its merger with United Real Estate, Virtual Properties in its merger with United Real Estate, Better Homes and Gardens Kansas City to a local investor group, Lyon Real Estate in being acquired by Windermere, and many others.”

I think firms like these will be pretty busy in the coming years.

Zillow and Opendoor are eCommerce companies?

Interesting analysis on the changing perception of iBuying.

Redfin to display commission rate for buyer’s agents

From Inman News, Redfin to display buyer’s agent commissions in 65 markets

“Redfin first began publishing buyer’s agent compensation in Seattle, then began publishing the compensation on its own listings in every market where allowed in 2019. With this recent change — one that RE/MAX is also undertaking — that data will be available on every listing.”

Strategy credit or not Redfin has always been a leader in this type of transparency . I do like their implementation on this, much more evolved than remax.com

Although, displaying this information is not really a straight forward issue. Sam DeBord has an excellent Twitter thread about some of the pitfalls. Click the image below to read.

But you have to start somewhere. Great to see these two companies take the lead.

Court dismisses lawsuit targeting NAR and MLS providers

From Inman News, Court throws out pocket listing lawsuit against NAR and MLSs

“The suit alleged the defendants had violated the federal Sherman Antitrust Act and California’s Cartwright Act for adopting the Clear Cooperation Policy, also known as MLS Policy Statement 8.0, which requires listing brokers to submit a listing to their MLS within one business day of marketing a property to the public.


Office exclusives, or listings marketed entirely within a brokerage without submitting them to an MLS, are exempt from the policy. Some real estate brokers have threatened mutiny over the office exclusives exception to the Clear Cooperation Policy, which they argue inadvertently benefits large, national brokerages at the expense of smaller, independent brokerages.”

One down…

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