"October 2, 2024" Archives

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Done deal: MLSs, brokerages get preliminary approval of opt-in settlements

The brokerages and non-Realtor-owned MLSs that decided to opt in to the National Association of Realtors’ (NAR) commission lawsuit settlement agreement can breathe a sigh of relief. As expected, Judge Stephen R. Bough, who is overseeing the Sitzer/Burnett and Gibson/Umpa suits, granted preliminary approval to the 13 brokerages and 15 MLSs that chose to settle the commission lawsuits via…

UWM beefs up AI chatbot with instant feedback on products and comp

United Wholesale Mortgage (UWM) announced new enhancements to its artificial intelligence-based chatbot on Wednesday, including the ability for brokers to “chat with documents,” calculate income immediately and help identify products that match borrowers’ needs.  The wholesale lender launched an AI-powered search engine dubbed ChatUWM in May 2024. The chatbot provides instant responses to clients —…

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