In a significant development for the real estate industry, MLS PIN recently announced a policy change that allows members to submit listings without including offers of cooperative compensation. This decision marks a departure from the standard practice where listing agents typically specify the commissions they are willing to pay to buyer’s agents who bring a successful sale. The move is likely to have wide-ranging implications for both listing agents and buyer’s agents, as well as for the overall dynamics of the real estate market.
Key points from the announcement include:
– MLS PIN is now permitting members to submit listings without indicating cooperative compensation offers
– This policy change represents a departure from the conventional practice in the industry
– The decision is expected to impact both listing agents and buyer’s agents in terms of negotiations and incentives
– The move is likely to bring about shifts in the way transactions are conducted and commissions are structured within the real estate market
You can read this full article at: https://www.housingwire.com/articles/mls-pin-moves-forward-with-settlement-changes-despite-lack-of-final-approval/(subscription required)
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