Mark Simpson on LinkedIn: Zillow's New Touring Agreement Faces Legal Scrutiny in Virginia (2024)

Mark Simpson

Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

  • Report this post

Zillow recently launched a pilot touring agreement, designed to streamline home tours by establishing a nonexclusive contract between buyers and agents. This development, prompted by the National Association of Realtorsโ€™ (NAR) commission lawsuit settlement, mandates a written agreement for buyer broker representation before home tours. https://lnkd.in/eYytXNdJ

Zillow's New Touring Agreement Faces Legal Scrutiny in Virginia freemansimpsonrealestategroup.com
Like Comment

To view or add a comment, sign in

More Relevant Posts

  • Mark Simpson

    Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    Unlock the Power of Communication: Transform Your Business with InfoSlips!๐Ÿš€ Enhanced Engagement: Transform static PDFs into interactive, dynamic documents.โœ… Improved Compliance: Ensure better adherence to regulations with clearer, personalized communications.๐Ÿง  Increased Understanding: Deliver content tailored to individual needs, making information easier to grasp and act upon.๐ŸŒ Cross-Industry Applications: Versatile enough for finance, healthcare, education, and more.Discover how InfoSlips can transform your business communications at [InfoSlips](https://www.infoslips.com/).InfoSlips #communication #immersive #pdf #correspondince #competitive #customerengagement

    Home - InfoSlips infoslips.com

    2

    Like Comment

    To view or add a comment, sign in

    • Report this post

    The National Association of Realtors (NAR) Leadership Team has approved significant policy changes to the Multiple Listing Service (MLS) compensation practices. These changes, effective August 17, aim to enhance transparency and fairness in real estate transactions. For more details, visit the NARโ€™s official site.In summary:1. Remove and forbid any conditions for compensation offers within the MLS from listing brokers or sellers to buyer brokers or other representatives.2. Preserve and clarify the term "cooperation" as it pertains to MLS participation.3. Ban MLS participants, subscribers, and sellers from extending any compensation offers via the MLS to buyer brokers or other representatives.4. Mandate that the MLS eliminate all fields and details relating to broker compensation within the MLS.5. Instruct the MLS to neither establish nor endorse any external methods (including the provision of listing data to internet aggregators) that allow participants, subscribers, or sellers to propose compensation to buyer brokers or representatives.6. Forbid the utilization of MLS data or data feeds to develop or uphold any platform facilitating compensation offers from various brokers or representatives. Such actions should lead to the termination of a participant's access to MLS data and feeds.7. Affirm that MLS participants and subscribers cannot, and MLSs should not permit, the filtering or limitation of MLS listings conveyed to clients based on either the offered compensation amount, the name of a brokerage, or an agent.8. Enforce the disclosure of compensation details to both current and potential sellers and buyers.9. Require MLS participants representing buyers to have a written agreement with the buyer before touring a property.These policy updates have been sanctioned by the NAR Leadership Team and will take effect on August 17. For more details, please visit: https://lnkd.in/g6bfiM53.

    The Facts for REALTORSยฎ nar.realtor
    Like Comment

    To view or add a comment, sign in

  • Mark Simpson

    Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    Discover key details about the NAR settlement going into effect on Aug. 17, 2024. Key changes include the elimination of MLS compensation offers and new compliance measures. Learn how these adjustments will impact real estate professionals and MLS participants. https://lnkd.in/eiRrA3jz

    NAR settlement terms slated to go into effect in mid-August freemansimpsonrealestategroup.com
    Like Comment

    To view or add a comment, sign in

  • Mark Simpson

    Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    This home needs your furniture :-)https://lnkd.in/eMrNfFmN

    Like Comment

    To view or add a comment, sign in

  • Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    ๐ŸŒŸ Embracing Change in the Workplace ๐ŸŒŸ๐Ÿš€ Change is not always easy, but it's necessary for growth and innovation. As professionals, we must learn to adapt and thrive in ever-evolving environments.โœจ Embrace change as an opportunity to learn and grow, both personally and within your organization. ๐Ÿ’ช๐Ÿผ๐Ÿ”น Stay curious and open-minded in the face of change, this will help you navigate uncertainties with confidence.๐Ÿ”น Collaboration is key in times of change. Work together to harness the power of collective ideas and strengths for successful adaptation.๐Ÿ”น Remember, change can be a catalyst for progress and improvement. Embrace the challenges it brings as stepping stones to success. ๐ŸŒฑ#ChangeManagement #Adaptability #Innovation #ProfessionalGrowth #EmbraceChange #Collaboration #SuccessMindset

    Like Comment

    To view or add a comment, sign in

  • Mark Simpson

    Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    ๐Ÿก Real Estate Update ๐ŸกExciting news for homebuyers on a budget! Builders are responding to market demand by constructing smaller homes, offering a cost-effective solution ๐Ÿ‘ทโ™‚๏ธ๐Ÿ”จKey takeaways:1. Newly built homes are being designed with affordability in mind, making it easier for buyers to find a home within their budget ๐Ÿ’ฐ2. Smaller homes still offer modern amenities and quality construction, providing value for potential homeowners ๐Ÿ  Don't miss out on this opportunity! Reach out to a real estate professional to explore the options available in the market ๐ŸŒŸ #RealEstate #Homebuying #AffordableHousing #Builders #MarketTrends ๐Ÿ 

    Like Comment

    To view or add a comment, sign in

  • Mark Simpson

    Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    ๐Ÿก Exciting Real Estate News Update! ๐Ÿกโœจ Good day, real estate enthusiasts! ๐Ÿ“ˆ Did you hear the latest buzz about mortgage rates? It seems like they are set to remain on the high side for a considerable period. ๐Ÿก๐Ÿ’ฐโœจ This update might affect potential homebuyers and current homeowners alike. ๐Ÿ ๐Ÿ’ธ Keep in mind these changes when planning your next real estate move! ๐Ÿ’ผโœ…๐Ÿ” Stay tuned for more updates on the real estate market! #RealEstate #MortgageRates #Homebuying ๐Ÿ ๐Ÿ“Š๐Ÿ”‘

    Like Comment

    To view or add a comment, sign in

  • Mark Simpson

    Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    ๐Ÿง ๐Ÿ’ก Let's talk about AI

    Like Comment

    To view or add a comment, sign in

  • Mark Simpson

    Business & A.I. Certified Real Estate Consultant | Helping Companies and People Transform Their Businesses and Lives

    • Report this post

    ๐Ÿ“ˆ๐Ÿ  Exciting developments in the mortgage rate sector! Recent data suggests a shift in the expected rate trajectory for 2024 โšก. Market reactions have been swift and intriguing, provoking new discussions and analyses ๐Ÿค”.๐Ÿ“‰ The latest Fed rate expectations are causing some ripples in the longer-term rates landscape ๐ŸŒŠ. Strong Retail Sales figures and updated thoughts from Fed Chair Powell have added layers to the rate outlook ๐Ÿ“Š.๐Ÿ” It's becoming evident that stronger economic data translates to fewer rate cuts, signaling a potential evolution in the Fed's stance ๐Ÿ”„. Uncertainty looms as recent comments hint at a possible halt in rate cuts for 2024 ๐Ÿšซ. ๐Ÿ’ฌ Stay tuned for more updates as the market continues to navigate through these changing dynamics ๐Ÿ“ฐ. #MortgageRates #FedRates #EconomicOutlook #FinanceNews ๐Ÿ“ˆ๐Ÿ 

    Like Comment

    To view or add a comment, sign in

Mark Simpson on LinkedIn: Zillow's New Touring Agreement Faces Legal Scrutiny in Virginia (16)

Mark Simpson on LinkedIn: Zillow's New Touring Agreement Faces Legal Scrutiny in Virginia (17)

2,711 followers

  • 2,166 Posts
  • 16 Articles

View Profile

Follow

More from this author

  • First-time Homebuyers - Ultimate Guide - Don't be afraid Mark Simpson 1y
  • Entertain Your Customers With Loop TV. Mark Simpson 1y
  • Matterpor Pro 2 - It's a Machine Mark Simpson 1y

Explore topics

  • Sales
  • Marketing
  • Business Administration
  • HR Management
  • Content Management
  • Engineering
  • Soft Skills
  • See All
Mark Simpson on LinkedIn: Zillow's New Touring Agreement Faces Legal Scrutiny in Virginia (2024)
Top Articles
Latest Posts
Article information

Author: Geoffrey Lueilwitz

Last Updated:

Views: 5764

Rating: 5 / 5 (60 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Geoffrey Lueilwitz

Birthday: 1997-03-23

Address: 74183 Thomas Course, Port Micheal, OK 55446-1529

Phone: +13408645881558

Job: Global Representative

Hobby: Sailing, Vehicle restoration, Rowing, Ghost hunting, Scrapbooking, Rugby, Board sports

Introduction: My name is Geoffrey Lueilwitz, I am a zealous, encouraging, sparkling, enchanting, graceful, faithful, nice person who loves writing and wants to share my knowledge and understanding with you.