Real estate

Confused by the CCP debate? This is what to know

What is CCP?

The CCP requires that the mention of brokers share a list of the MLS within 24 hours after the public marketing of the property. However, the policy allows ‘office exclusives’ that can be marketed to other agents in the same broker and in one-on-one communication with agents at other companies.

At the end of March, Nar announced his multiple list options from Sellers (MLOS) policy, which created delayed marketing -free offers. These entries must be entered in the MLS, but they may not be included in Internet Data Exchange (IDX) -jes or syndicated with other sites. Despite these limitations, sellers and their agents can bring the mention on the market, how they are the wealthy. It is up to each individual MLS to decide how long a mention can be postponed.

As the policy has evolved, some players in the industry have established a new policy or assumed new practices.

Debate

Critics of CCP, namely CompassBelieve that the policy limits the ability of a seller to choose how to put their property on the market, while those who support it would feel a withdrawal of policy, reduce transparency, lead to fragmentation of lists and possibly even fair housing problems.

Both parties claim that the policy, whether you stick to it, creates legal exposure for players in the industry.

The critics

Compass is the most vocal critic of the CCP and it has loudly argued for its ‘three -phase marketing plan’, which she claims ‘is’ designed to maximize and refine the demand [the seller’s] Positioning for the best possible outcome of the sale. “

When a list is a private exclusive, Compass brings the real estate private market for all compass agents, who, according to him, enables the seller to test the market to gain insight into the real estate and to collect their prices at market or price decreases. If the list does not get offers in this phase, it will be a ‘compass that will come soon’, which means that the property can be searched by someone on the internet, but it will again collect days on the market for market or price drop. If the property does not sell if a ‘soon’, it will go in the MLS.

See also  Taylor Swift Endorses Kamala Harris as 'Childless Cat Lady' After Debate

Compass has also sent a letter to MLS -executives who have asked them to remove delayed entries from Vow -Feeds that are dripping against a drip 2008 scheme between Nar and the Ministry of Justice (Doj), who created the VOW policy of Nar. According to this policy, brokers should not prevent competitors from sharing their offers on their vowed websites.

In addition to this letter, Compass also told MLSS that they are confronted with legal exposure if they do not change CCP. Compass and CEO Robert Reffkin in particular have doubled extra hard on one MLS: based in Washington Northwest MLS (NWMLS).

MLSS is trapped in the fight

If a non-Raltor ownership of MLS, NWMLS is not subject to the rules of NAR, and as such, NWMLS does not allow agents to withhold lists of the MLS as a private exclusive office. The policy of Nar, on the other hand, allows offering agents to market an exclusive list of an office to other agents within its company or to agents and brokers at other companies, provided that the mention is shared one -on -one.

The Tiff Between Compass and NWMLs started at the end of March when Reffkin NWMLS and his CEO Justin Haag called for this policy on social media.

Compass also has a support of one websiteCalled Washington HomeWOWER RIGHTS, who asks NWMLS -Woning vendors for a potential Class Action right store. The site is looking for homesellers who have been “damaged” through the policy of NWMLS and who have experienced a price fall or considerable days on the market.

See also  Fix-and-flip profits fell in Q3 2024. Are investors leaving the market?

On April 15, 2025, NWMLS withdrew the license from Compass for the NWMLS IDX feed. According to a spokesperson for NWMLS, this promotion was taken as the “result of the failure of compass” to introduce countless of his own offers and to share those entries with other real estate companies and their customers in accordance with the rules of Northwest MLS. “Compass” Data Feed from NWMLS was restored on April 17, 2025.

Unlike Portals Zillow and Redfin, Homes.comIs not private entries on the market. In a letter sent to agents, Costar CEO Andy Florance called Zillow’s movement ‘a pure power play of epic proportions’. Florance also assured agents that “if Zillow blocks your list, it can still be seen on Homes.com and the other sites.”

The supporters

As a compass, the most important brokerage is on the “con -side” of the CCP argument, Expel Realty is the most important broker on the ‘Pro side’. The company and his CEO Leo Pareja are vocal supporters of CCP since the debate began. The company even gone so far that it announced in an industrial call in mid -April that it would not do delayed marketing lists, despite the fact that Nar allowed them.

Other supporters of CCP are both Zillow And RedfinThat announced at the beginning of April that they would prohibit exclusive offers that were not entered in the MLS and available via Virtual Office Website (VOW) data Feed that is shared on MLS members. As a result, both companies are out for delayed marketing lists, but no public exclusive offers are marketed.

Exp Realty was the first brokerage to register with the list standards of Zillow. NexThomehas also promised to adhere to the list standards of Zillow.

Donny Samson, the CEO of Samson -Properties has also been released to support Zillow and Redfin’s policy, as well as CCP in general.

See also  Forbidding real estate tax in Florida is given a grip by legislators

“Let’s be honest about what is happening,” Samson said in a statement. “Private entries are not about protecting customer-they are about giving more control, more committees and more possibilities to make deals. It is not in the best interest of the seller or the buyer is a profit strategy, simple and simple.”

Samson believes that a switch to private listing networks would be a regression for the industry, return to the pre-MLS days “When offers were pumped up, buyers were kept in the dark and deals were closed behind closed doors.” Just like other CCP supporters, he believes that the leading clients of the modern real estate sector should be inclusion, access and transparency.

Neutral territory

Broker.comThe only large list portal that still has to announce a position on this issue, Housingwire said in mid -April that “the subject is thoughtful consideration”.

Other large national companies that still have to be strongly released for support or against CCP, as well as the policy of Zillow and Redfin, including Keller WilliamsRe/max And Real estate everywhere. In E -mail declarations, representatives noted that although they support transparency and believe that broad access to lists should be stored, they also support that their sellers offer options about how they want to put their home on the market, and they believe that their agents will help their customers to decide what is best for them.

Before Nar revealed his MLOS policy, she argued everywhere and advisers Sue Yannaccone for a ‘middle road’, which she saw as ‘a thoughtful revision of the policy that serves the best interests of consumers and real estate agents’.

It is unknown whether the MLOs were close to what Yannaccone had in mind, but the company and his leaders have made no other important statements about the issue.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button