Discussion on MLS, Zillow, and competitive real estate listing strategies. Explores data monetization, exclusive listings, and the balance between brokerage innovation and market reach. Also discuss Fair housing concerns.
Jacobi and Reffkin clash publicly over private listings, signaling industry change. Jacobi urges NAR to empower local MLSs. He cautions Compass's private network could backfire, but forecasts a stronger, decentralized NAR.
MLS analysis reveals market transition with Bright MLS becoming No. 1, surpassing California Regional MLS. Non-Realtor subscribers increase, widening the gap between Realtors and MLS users.
Rene Galicia appointed COO of CMLS, aiming to enhance MLS experience, promote a healthy property market, and drive transparency. Data sharing activated between companies. Market expansion focus.
Scott discusses MLS value, agent trust, and NAR's role in real estate. He emphasizes complete exposure for sellers and addresses privacy concerns in listings. $1.8B/yr market investment.
Compass launches 'Private Exclusives Book' for off-MLS listings, sparking debate. Is it innovative or a move against MLS? Concerns raised about fair housing and access.
Zillow's listing criteria and IDX rules are discussed. NAR's choice emphasizes transparency. Concerns about off-MLS listings and potential consumer harm are highlighted. Zillow defends its standards against anticompetitive claims.
But Markt General Manager Betsy Hanson said in a news release that the tool will also "give MLS subscribers quick and accurate answers, freeing our staff for bigger challenges" by helping to lighten the load of administrative duties, improve service speed, lower operational costs and enhance member interactions.
A separate statement shared later by Phoenix Realtors CEO Andy Fegley included additional details about how his organization and NAR "worked together to clarify the marketing around MLS Choice" and assuage concerns that the offering "conferred local association membership, caused confusion for consumers and weakened the Realtor brand."
