In response to the recent ban on offers of compensation on the MLS, many individuals within the mortgage industry are exploring alternative platforms for sharing such offers. This shift in behavior has raised concerns among some industry professionals, as there is a possibility that the Department of Justice (DOJ) and legal experts could view this as a violation of settlement terms.
Key points from this development include:
– Ban on offers of compensation on the MLS prompting exploration of new platforms
– Concerns raised regarding potential violations of settlement terms by DOJ and legal experts
– Shift in behavior within the mortgage industry following ban on compensation offers
As the industry navigates these challenges, it is crucial for professionals to remain vigilant and ensure compliance with all regulations and settlement terms to avoid potential legal repercussions. The implications of utilizing alternative platforms for sharing compensation offers must be carefully considered to mitigate any risks associated with potential violations.
You can read this full article at: https://www.housingwire.com/articles/commission-sharing-websites-have-emerged-but-its-buyer-beware/(subscription required)
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