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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 332
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Compass tells MLSs to change CCP or face legal exposure

Housing Wire

Compass goes on to say that it’s standing by its past statements that your MLS is not giving adequate homeowner choice and that your MLS is subject to litigation risk. At Bright MLS , Compass said agents are allowed to market office-exclusive listings on the MLS.

MLS 312
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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. NWMLS has not returned a request for comment.

Brokerage 397
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Confused by the CCP debate? Here’s what to know

Housing Wire

The policy was a response to a proliferation of pocket listings and a rapid decline in housing inventory on the MLS, despite a large number of transactions still occurring. The CCP requires listing brokers to share a listing to the MLS within 24 hours of publicly marketing the property. It was out of this that CCP was born.

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.

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Redfin Joins Zillow in Banning Publicly Marketed Off-MLS Listings

BAM Media

Redfin is the latest portal to weigh in on the MLS vs. private listing debate, following Zillows lead. In a Monday announcement , Redfin CEO Glenn Kelman confirmed that the portal will no longer publish any listings that have been publicly marketed before being submitted to the MLS and distributed to all real estate websites.

MLS 71
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

However, other email tools not specific to real estate agents (like Mailchimp and Flodesk) offer built-in templates that make delivering beautifully designed email newsletters a cinch. Save time with pre-written newsletters from Market Leader Don’t have time to write three or more newsletters every month? Need some great ideas?