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The future of the MLS may be murky, but brokers still want the data

Housing Wire

As a panel of real estate leaders gathered to discuss the future of the MLS at the National Association of Realtors ‘ NXT conference in Boston, Errol Samuelson , Zillow ‘s chief industry development officer, found himself and his company in a bit different standing than usual with the audience of several hundred agents and brokers.

MLS 369
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Compass invites outside agents to use Coming Soon listings in latest shot at CCP

Housing Wire

The brokerage is giving agents at all brokerages access to Coming Soon, which houses its exclusive listings. Compass says that the listings protect home sellers against negative insights, such as days on market. Those listings appear on the site before they appear on an MLS, but only for about a day.

Agents 344
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Your voice matters: Shape the future of real estate in your community

Housing Wire

In 1908, agents formed the National Association of Real Estate Exchanges, a precursor to the National Association of REALTORS ( NAR ). In the 1960s, brokers created the first MLS in booklet form to create a true marketplace of the inventory that was for sale. How days on market are calculated.

MLS 354
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NWMLS shuts off IDX listing feed to Compass

Housing Wire

Washington state-based Northwest MLS (NWMLS) has shut off its internet data exchange (IDX) feed going to Compass as the ongoing war between the two real estate industry players escalates. This move by NWMLS is just the latest battle in the ongoing war between the MLS and Compass. State law supersedes MLS rules.

MLS 397
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Nothing burger? Smart move? Industry reacts to NAR’s CCP changes

Housing Wire

Under what NAR is calling its MLS Listing Options for Sellers policy , sellers will have the option to delay marketing their listing publicly as long as they sign the required disclosure. During the time period, the listing will be able to be seen by other MLS participants through their local MLS platform.

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Rising days on market is ‘toxic’ for ultra-luxury listings

Housing Wire

Homes exposed to more days on market through the MLS are a point of reckoning for those opposed to the Clear Cooperation Policy as they claim it drives down sale prices. And in at least one segment of the national housing market , there appears to be a strong correlation between how long a property is listed and its sale price.

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Changes are underway as MLSs implement NAR’s new CCP policy

Housing Wire

After Jensen took over as CEO in 2015 , MRED created an internal MLS private listing network after survey feedback from subscribers found that many were frustrated by the number of pocket listings and sales occurring. We dont even plan on making any changes because of the new policy, Rebecca Jensen , the president and CEO of MRED, said.

MLS 309