Howard Hanna CEO threatens to leave MLS: ‘The world has changed’

Howard Hanna’s CEO Howard “Hoby” Hanna envisions offering “a deeper level of retail experience” after the NAR rule change, but chafes at the trade group “telling us how to operate our business.” Continue reading

EXp rolls out advisory forms for sellers considering a private listing

The open-sourced form warns homesellers that selling a property privately without listing it on the MLS may have negative financial impacts but recognizes sellers hold the “final choice” in how to market their homes. Continue reading

Consumer advocate behind Moehrl lauds new Zillow private listing rule

Zillow’s move to prohibit certain listings from its portal “signals a major tech platform is willing to challenge the old brokerage cartel,” according to Consumer Advocates in American Real Estate. Continue reading

Zillow to prohibit listings that are privately marketed

Zillow said the company’s new standards, which eXp Realty also committed to, show how it’s implementing Clear Cooperation on its platform. Those that do not meet the standards won’t be published on Zillow “for the life of the listing.” Continue reading

Private listings offer no clear advantage for sellers: Bright MLS

As the debate over Clear Cooperation has hit a peak in recent weeks, the new study suggests that seller flexibility may not mean much when it comes to looking at hard numbers from MLS transactions in the last year. Continue reading

Agents feel joy, rage, confusion over Clear Cooperation ruling

Some respondents to Inman’s Pulse survey seemed furious about the determination, while others were pleased, especially at the fact that CCP had been preserved. Still, multiple respondents simply expressed confusion over the new policy. Continue reading

Don’t break up the marketplace, just fix it: Glenn Kelman

Rather than intentionally fragmenting the marketplace, the Redfin CEO writes, all listings should show in one place, with the seller allowing different levels of disclosure on each listing. Continue reading

NAR opts to keep Clear Cooperation but adds a new option

After months of debate, NAR announced Tuesday it will keep its policy requiring properties to be listed on an MLS within one day of marketing while adding new “delayed marketing exempt listings.” Continue reading

Homesellers have lost $1B through private deals since 2023: Zillow

Sellers who privately listed their home lost an average of $4,975, according to an analysis by Zillow of 2.72 million deals since 2023. The gap is wider for sellers of color, underscoring the benefits of Clear Cooperation. Continue reading

Reffkin slams MLS ‘monopoly’ amid Clear Cooperation debate

Compass CEO Robert Reffkin argued against Clear Cooperation Wednesday during an Inman on Tour session in Nashville while warning that “data is the new oil” amid predictions of a national MLS. Continue reading