MRED board member and top broker Tommy Choi unpacks what’s really happening in Chicago
Opinion
We fed Zillow until it became too powerful to ignore. Don't do the same thing with MRED
MRED will offer any licensed agent at a brokerage access to its Private Listing Network
Compass said it will share its 6K-plus exclusive listings with brokerages and multiple listing services, as long as they don't alter or monetize listings — or share listings with platforms that do
Redfin will begin banning listings that aren't added to the MLS within 24 hours of being publicly marketed. The announcement comes 2 days after Zillow Group shared its ban timeline
If passed, HB 3452 would require brokerages to market properties for sale on public platforms within 1 day of entering into an agreement with a seller, unless the seller signed an opt-out form
Zillow's move to prohibit certain listings from its portal 'signals a major tech platform is willing to challenge the old brokerage cartel,' according to Consumer Advocates in American Real Estate
Current practice changes are pushing us toward a less transparent market, compliance expert Summer Goralik writes. That's bad business for both clients and real estate professionals
Midwest Real Estate Data implemented its own pocket listing rule years ago and now supports a similar policy that would put the kibosh on off-market listings everywhere