Northwest MLS opts out of $418M NAR Settlement Agreement and Voices Criticism

The National Association of Realtors (NAR) has come under fire for encouraging consumers and brokers to engage in private transactions outside of the Multiple Listing Service (MLS), with critics arguing that this practice can lead to deceptive practices, discrimination, and unfair housing practices. The Northwest Multiple Listing Service (NWMLS) criticized NAR for promoting these secret deals, highlighting the potential negative consequences for both buyers and sellers in the housing market.

Key points from the text include:
– NWMLS criticizing NAR for pushing consumers and brokers towards off-MLS transactions
– Concerns about deceptive practices, discrimination, and unfair housing resulting from these secret deals
– Call for greater transparency and accountability in real estate transactions to protect all parties involved

You can read this full article at: https://www.housingwire.com/articles/northwest-mls-criticizes-418m-nar-settlement-agreement-opts-out/(subscription required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.