Top Agent Network argues that office exclusives result in less inventory, less exposure for listings and less consumer choice while benefitting large brokerages
Inventory can be found anywhere — real estate agents just have to get creative and put a little legwork into unearthing it
The ongoing, controversial debate surrounding pocket listings finds some resolution, with NAR voting to make addresses immediately available to other MLS subscribers. Here are the details.
Opinion
After promises to promote social justice, the housing industry doubled down on exclusion, and pocket listings remain a problem. The Redfin CEO shares his ideas on what the industry should do about it
CRMLS created the change to 'ensure that the information in the MLS is as accurate as possible as soon as feasible,' CRMLS CEO Art Carter told Inman
The former private listing network for agents seeks to overturn a ruling that threw out its lawsuit alleging the National Association of Realtors' Clear Cooperation Policy harms competition
Judge says ThePLS.com failed to plausibly allege the National Association of Realtors' Clear Cooperation Policy harms competition and consumers. To the contrary, the policy has 'some plainly pro-competitive aspects'
At Inman Connect, Courtney Poulos, broker-owner at ACME Real Estate, criticized NAR's pocket listing policy, which she said benefits large brokerages like Zillow and Compass at the expense of independent firms
The PLS wants info on Upstream, the DANGER Report, the Clear Cooperation Policy and antitrust inquiries from the DOJ or FTC. Realtors say producing these documents would impose 'substantial burdens' on them
The PLS says its new site will comply with NAR's Clear Cooperation Policy and show exclusive listings to the public for the first time
A new suit argues the online brokerage disproportionally serves white neighborhoods. CEO Glenn Kelman countered that Redfin hasn't pushed into lower income areas because it needs to pay agents a living wage
The trade groups allege that it is Pocket Listing Services' business model that is anticompetitive and harms homebuyers and sellers
The updated listing quality policy is similar to a rule implemented by Realtor-affiliated multiple listing services in May designed to combat pocket listings
Judge says agents don't have a right to benefit from the contributions of fellow Realtors while withholding their own listings. Top Agent Network criticizes policy's exception for office exclusives
Suit alleges Clear Cooperation Policy is part of a plan to eliminate PLS as a 'competitive threat.' Trade groups say policy is 'not discriminatory' and promotes competition