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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 367
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New brokerage disclosure forms aim to comply with NAR’s Clear Cooperation alternative

Housing Wire

As MLSs across the country work to implement the National Association of Realtors (NAR) Multiple Listing Options for Sellers (MLOS) policy, brokerages and some Realtor associations are busy creating the new disclosures needed for delayed marketing exempt listings.

Brokerage 264
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Your voice matters: Shape the future of real estate in your community

Housing Wire

In the 1960s, brokers created the first MLS in booklet form to create a true marketplace of the inventory that was for sale. The crucial part to understand is that local MLSs have the opportunity to decide: The period of time a listing can remain in delayed marketing status before it must be publicly marketed through IDX and syndication.

MLS 346
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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 332
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Compass files an antitrust suit against NWMLS over its CCP

Housing Wire

District Court in Seattle against Northwest MLS (NWMLS) over NWMLSs Clear Cooperation Policy (CCP) on Friday. NWMLS is a broker-owned MLS, rather than owned by the Realtor association, meaning that it is not subject to the National Association of Realtors (NAR) rules.

Brokerage 380
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Compass clients solicit class action suit against NWMLS

Housing Wire

Specifically, they are reaching out to home sellers who experienced a price drop or significant days on market. Recently, some brokerage firms have advocated for MLS rules that facilitate hiding property listings from consumers and lobbied the real estate industry to accommodate those exclusionary practices, he stated.

MLS 270
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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.