Compass opens exclusive lists for rivals – with closed strings
“There are stories that circulate false accusations,” said a spokesperson for the compass. “By demonstrating that we will make our exclusive inventory available to anyone who agrees not to change or earn the list and to keep the listing agent in front and in the middle, we strengthen what we have always said: at Compass we have clamped with everyone.”
According to the new policy, brokers are reportedly gaining access through direct feed or system integration and MLSS will use a direct feed.
Compass prohibits participants to make money with the actions of listing data – including selling leads or mentioning information to third parties. The company clarified that this does not apply to committees for non-compass copper agents, and that it fully supports the cooperation with the copper’s agents and compensates for their role in a transaction.
“Many homeowners do not know that their listing data feeds the entire third -party companies,” added the compass spokesperson. “Three examples of generating income sell buyer investigations to agents from third parties for a referral allowance, advertisements from external companies about offers from homeowners for a profit, and selling listing data to a wide range of financial institutions, including banks and hedge funds.
“Home Sale data is packed with other public registers and are used to build products that banks, hedge funds and institutional landlords use to buy or finance property.”
Earlier this month, Compass informed local MLS and National Association of Realtors (NAR) Leadership that “the clear cooperation policy (CCP) or a National Nar MLS rule does not consider that affects customers as binding” and that it “does not have and will not adhere to CCP or a national NAR MLS rule.”
“The purpose of the list of a homeowner is to sell their house, not to generate money for MLSS and Portals,” said the compass spokesperson. “If stakeholders do not agree to stop changing and earning the list of a homeowner, they show that they give more to make money with the lists of the homeowners than to help homeowners sell their homes.”
On June 23, Compass brought a lawsuit that claimed that Zillow Violating the federal antitrust laws by permanently prohibiting each list that is not placed on an MLS within a working day to be publicly brought to the market.
Zillow says that his new list policy – which was in force on 30 June – enforces CCP and guarantee transparency in the market.
“Zillow prohibits lists that are brought on the market outside his platform, and CCP fines for sharing mentions outside their MLS platforms,” said the compass spokesperson. “Hopefully what makes the offer of Compass clear is that the CCP and Zillow bans are not rules against off-market listings; these are rules against sharing lists outside their respective platforms.”
