"The National Association of Realtors (NAR) said individual MLSs must determine whether Zillow's ChatGPT integration complies with IDX rules. NAR emphasized evaluating data control and disclosure requirements while affirming that MLS data display on mobile apps is permitted. Zillow maintains its integration follows regulations and enhances listing visibility through responsible AI innovation. Matterport refuted Zillow's claim that CoStar ended their API agreement and changed media terms, calling Zillow's statements intentional misrepresentations."
"In a letter to clients, Matterport said users can still share 3D Spaces anywhere, including Zillow, and that Zillow's removal decision was unilateral and misleading amid its ongoing legal challenges. eXp Realty unveiled Mira, an AI assistant for real-time business insights, and announced an eight-week AI training program for agents. These initiatives represent a significant shift towards AI integration in real estate, with CEO Leo Pareja highlighting the importance of using technology to free up time for human interactions and expertise in a challenging market."
"Ethan Winchell, co-founder of Truework, shares insights on how his company is transforming the verification of income and employment, one of the top challenges for the mortgage industry, by reducing costs and leveraging technology. United Wholesale Mortgage has introduced three new tools to assist independent mortgage brokers in streamlining loan processing and enhancing marketing efforts. The tools are designed to improve workflow efficiency and provide brokers with more control."
NAR directed individual MLSs to assess whether Zillow’s ChatGPT integration complies with IDX rules and to evaluate data control and disclosure while permitting MLS data display on mobile apps. Zillow said its integration complies with regulations and increases listing visibility via AI. Matterport denied Zillow’s claims about CoStar ending their API agreement, called the statements misrepresentations, and affirmed users can still share 3D Spaces anywhere including Zillow, saying removal was unilateral. eXp launched Mira, an AI assistant for real-time business insights, and offered an eight-week AI training program. Lenders and brokers introduced tools to streamline verification, loan processing, and marketing. Industry leaders stressed AI adoption and consolidation as competitive imperatives; Compass added a Buyer Demand feature.
Read at www.housingwire.com
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