Fiduciary duty doesn’t mean what you think it means

Find out how the real estate industry’s most powerful legal term is being weaponized and why consumers are paying the price. Continue reading

Realtor.com CEO is ready to ‘turn off’ Clear Cooperation debate

At Inman Connect San Diego, Realtor.com CEO Damian Eales said it’s time to turn the page on Clear Cooperation and focus on solving issues that will improve consumers’ main challenge — affordability. Continue reading

Kevin Sears says NAR ‘is going in the right direction’ since commission suit

Sears was optimistic, but said that NAR membership is projected to drop by 150,000 members and that the organization will face a $30 million deficit. Continue reading

Compass agrees to share its exclusive listings, with 2 caveats

Compass said it will share its 6,000-plus exclusive listings with brokerages and multiple listing services, as long as they don’t alter or monetize listings — or share listings with platforms that do. Continue reading

NAR may rescind ‘no-commingling’ rule this week amid DOJ scrutiny

The trade organization’s MLS committee on Tuesday approved the elimination of the controversial policy at a meeting closed to the media. Its Executive Committee will take a final vote Wednesday. Continue reading

Redfin says it will begin banning listings in September

Redfin will begin banning listings that aren’t added to the multiple listing service (MLS) within 24 hours of being publicly marketed in September. The announcement comes two days after Zillow Group shared its ban timeline. Continue reading

Cracks in NAR’s control begin to show: The Download

With platforms and portals pushing back against its policies, is the National Association of Realtors losing its grip on the industry? Continue reading

Biggest MLS in the nation rejects NAR ‘Delayed Marketing’ policy

California Regional MLS said in a statement that the new Multiple Listing Options for Sellers policy, which NAR states is mandatory, was created to “placate” complaining brokerages. Continue reading

Checkmate or alienate? Reactions mixed as firms align with Zillow

NextHome threw its support behind Zillow’s private-listing policy Friday, the second brokerage to officially back the plan, as rival portals and critics of NAR’s Clear Cooperation Policy sounded off. Continue reading

Zillow’s new listing policy: Punishment disguised as fairness

Darryl Davis outlines the way Zillow’s actions and policies are designed for its own benefit, not for the benefit of sellers or real estate professionals. Continue reading