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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 370
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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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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
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Compass clients solicit class action suit against NWMLS

Housing Wire

Amid a contentious industry debate on private listings, Northwest Multiple Listing Service (NWMLS) President and CEO Justin Haag offered strong words of support for NAR’s Clear Cooperation Policy (CCP) and recent provisions to the rule. Northwest MLS has declined to adopt those misguided, exclusionary rules.

MLS 313
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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.

Agents 379
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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 337
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Confused by the CCP debate? Here’s what to know

Housing Wire

The National Association of Realtors (NAR) Clear Cooperation Policy (CCP), implemented in 2020, is the source of much debate within the real estate industry. 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.

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