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

Housing Wire

Compass says that the listings protect home sellers against negative insights, such as days on market. At Compass we are advocating for homeowners to have control over how their listings are marketed, Reffkin said in a statement. Coming Soon is part of Compasss three-phase marketing plan for homes. Coming Soon is next.

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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
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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
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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
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Experts weigh usefulness of exclusive listings

Housing Wire

Office exclusives are becoming an increasingly significant segment of the Bright MLS marketplace, according to a recent Bright MLS study examining their impact on the broader housing market. This shift is prompting real estate professionals and consumers alike to reevaluate implications of this marketing approach.

MLS