The article critiques the practices of some real estate agents, particularly regarding the “private exclusive listings,” promoted by Compass. It argues that these listings create an illusion of consumer choice, often driven by agents’ interests rather than consumer demand. Many sellers feel misled, with substantial financial consequences resulting.
Robert Refkin inaccurately criticizes the Clear Cooperation Rule as violating the National Association of REALTORS Code of Ethics and state laws. Despite his objections, the rule is pro-consumer, fostering competition and better market exposure. The arguments against it are flawed and often disregard the broader benefits to both buyers and sellers.
The NAR settlement has sparked debate over the real estate industry’s future without affecting cooperative compensation or making commissions negotiable, as they have always been. Concerns about increased cash needed for buyers are raised, but home values remain driven by market forces, not agent fees. Nonetheless, realtors remain dedicated to serving clients ethically and professionally in achieving homeownership.
Maybe it’s the summer heat, but after reading a recent article on Inman.com entitled “Let’s get rid of the MLS”, I just felt like hitting my head against the wall to relieve the frustration the article generated. – Here’s my response
I enjoy going to the Inman Real Estate Connect conferences. They are wonderful networking opportunities, and they form a wonderful stage for the stories in Inman news that week. Sadly, for the first time in many years, doe to the…
Zillow is an advertising portal hell bent on being in front of the consumer’s eyes 24/7. They are headline grabbers and media manipulators of the first water – and I say that with some admiration because they are so darn good at it. Everything that Zillow does is about getting the consumer to visit them – a sensible and practical goal since that traffic is what they want to capture, package and sell to the industry.
The conversation began by the AgentMatch controversy continues, at a far slower pace since the program was hauled back in for review, but the issue still seems to be confusing to a number of people, including some very smart folks who consult with and to the real estate industry. It seems there is a lack of distinction in the conversations about Reviews, Ratings, and Rankings.
There was a great article on Inman News about the backlash from realtor.com’s new AgentMatch progam. AgentMatch, currently aimed at sellers and available only in Las Vegas and Boulder, Colo., is designed to identify top agents in a consumer’s search…
Pocket listings are still generating a lot of conversation and activity in the marketplace as inventory shortages seem to be appearing all over the country.
The Multiple Listing Issues and Policy Committee worked diligently and efficiently at the Mid-Year meetings on recommendations made by the MLS Technology & Emerging Issues Advisory Board, who had in turn been working since last November on a revision to the categorization of services provided by Multiple Listing Services.
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