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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.
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.
The Clear Cooperation Policy, which mandates REALTORS® to list properties on NAR-affiliated MLSs within one day of signing the listing agreement, is under scrutiny from the Department of Justice (DOJ), which has revived its investigation into the association’s rules. NAR has announced plans to appeal a court decision allowing the DOJ’s inquiry to continue. The discussion has also reached emergency status because of a Clear Cooperation Lawsuit scheduled to go to trial in November.
At WAV Group, we are passionate about finding ways to ensure the long-term success of the real estate industry by protecting the best interests of real estate consumers. The on-going spirited debate around the Clear Cooperation Policy centers around different brokerage and MLS beliefs about the ways to serve real estate consumers.
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.
The real estate industry worked hard to define the Clear Cooperation policy. We have learned through conversations that the number of Office Exclusives has changed significantly since the policy was implemented - but a new culprit has emerged to get around the Clear Cooperation policy. Namely, Temporarily Off Market status in the MLS.
The member leadership of the National Association of REALTORS® will be considering a policy change related to MLS designed to eliminate pocket listings. The policy is 8.0 - called the Clear Cooperation policy. Please download this white paper to review the considerations.
The member leadership of the National Association of REALTORS® will be considering a policy change related to MLS designed to eliminate pocket listings. The policy is 8.0 - called the Clear Cooperation policy. This topic was discussed in great detail at the 2019 Council of MLS meetings and met with widespread industry support. A number of brokers have developed innovative platforms for sellers that fall under a commonly understood policy called Coming Soon that may be wiped out by this new policy change. This has many in the industry concerned about repercussions the 8.0 policy change could have for these [...]
Zillow built its business on cooperation. Now it’s the MLS’s job to defend it.
If you visit any of the large third party property search sites today you will see a significant focus on the rental market. In most cases, rentals are now getting just as much focus as residential sales. A few months ago Zillow purchased Rentjuice again underlines the growing importance of the rental market. They paid $16mm for the company to take advantage of its younger, renter focused 2.8 million viewers. Zillow, once again, is closely watching what real estate consumers are looking for. They are addressing their needs with an aggressive push into the rentals space and are WAY ahead [...]
What the Listing IPO Model Explains Every licensed agent with MLS access can see a Coming Soon listing. They can present it to buyers, schedule showings, and submit offers. The cooperative is fully operational in the pre-public phase. What brokers are refusing to do is treat MLS submission as automatic authorization for public-internet display. That distinction — between cooperative access and public syndication — is the one the industry has failed to make clearly for two decades. The Listing IPO model makes it clear. What You Will Find in This Report The report provides MLS executives and brokerage leaders with [...]
