The firm said homes initially listed privately sold faster and for a higher price, supporting its position that sellers should decide if or when to use the MLS.| RealEstateNews.com
The Leadership Team will now take up the issue, with "no specific date" for resolution. Meanwhile, CMLS calls a hasty repeal of CCP "reckless and unnecessary."| RealEstateNews.com
Most sellers don’t know much about MLSs or private listing networks — but they want an agent who can get their listing in front of the largest pool of buyers.| RealEstateNews.com
Robert Reffkin said “it’s only a matter of time” before Zillow becomes a national MLS. Zillow, meanwhile, advocated for a strong MLS and equal access to data.| RealEstateNews.com
Sellers in mostly white areas lose nearly $4K per home, Zillow found. A senior economist said the trend threatens to return real estate to “the dark ages.”| RealEstateNews.com
The new analysis was done by Zillow, whose CEO said private listings “come at the expense of the seller” and are an attempt by some brokerages to “double dip.”| RealEstateNews.com