Overpricing a home can lead to excessive Days on Market, ultimately reducing its final sale price, while strategic pricing and pre-listing improvements can generate competitive offers. Brokers and agents use tactics like office exclusives, "Coming Soon" listings, and MLS policy adjustments to balance market transparency with seller advantage.
Does CCP ensure that those outside the profession remain dependent on them, reinforcing a hierarchical structure where professionals hold the upper hand?
As the Department of Justice organizes an antitrust case against NAR and its MLSs for using CCP to prevent start-up listing companies, brokers are trying to find a path forward that will either keep CCP, or remove it.
It could imply that certain decisions or changes could set a precedent or trigger a series of consequences that are difficult to control or reverse, potentially impacting the industry in a negative way.
Clear Cooperation is a restatement of a policy that has always been fundamental to the MLS. It's the difference between the MLS and an advertisement.
WAV Group shares the results of its Clear Cooperation Study to gain directional insights into the feelings of brokers and MLSs regarding the Clear Cooperation Policy incorporated into the model rules by the National Association of REALTORS®.
The options before the committee are clear: leave it alone, consider modifications, or repeal the policy until the industry and the DOJ can find a middle ground.
What we really see here in the case of RealPage and the MLS is related to many factors that precipitate the trends in the marketplace.
What would real estate be without its unending existential threats from the legal system?
The saddest part about the buyer commission litigation is that the new standard is no better than the old.
Imagine the perception if a potential client learns about these changes from sources other than their trusted agent — it could cast doubt on your credibility and integrity, potentially leading to misunderstandings about commissions.
In light of impending alterations stemming from the settlement agreement in the anti-trust litigation, updates to broker and agent websites are inevitable.
