Compass announced it will share its 6,000 private exclusive listings with brokerages and MLSs, but only if they agree not to alter, monetize, or penalize agents for sharing them. The move comes amid ongoing legal battles with Zillow and industry pushback over listing access and transparency.
Bright MLS reports that office exclusives now make up nearly 8% of new listings, with Compass, Washington Fine Properties, and TTR Sotheby’s leading the trend. The data reveals longer days on market, no price advantage, and tighter inventory.
Relitix released its Agent Movement Index (AMI) for April 2024, showing an increase in the number of active real estate agents as well as a continued increase in agent movement between brokerages.
Nearly 100 brokerages were left out of the settlement reached by the National Association of Realtors (NAR) on Friday, March 15, 2024, leaving them with two options if they want to join the settlement.
Calling NAR out as the “creator of the conspiracy,” a home builder and magazine publisher are suing Texas Realtor associations and 20+ brokerages and seeking class action certification on behalf of all home sellers in Texas between 1/1/2021 and 3/29/23.
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