Remove Agents Remove Days on market Remove MLS
article thumbnail

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 370
article thumbnail

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 369
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 418
article thumbnail

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 323
article thumbnail

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
article thumbnail

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 284
article thumbnail

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 295