Lately, everyone seems to be talking about clear cooperation. Is this policy a power grab from NAR and MLS, or an honest effort to level the playing field for buyers?
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Each week on The Download, Inman’s Christy Murdoch takes a deep dive into the week’s most-read articles to give you what you need to face Monday head-on. This week: It seems like everyone is talking about clear cooperation these days. Is this policy a power grab from NAR and MLS, or an honest effort to level the playing field for buyers?
Just when you thought it was safe to get back in the water, a new controversy is brewing in the real estate industry. This time, everyone is concerned about the clear cooperation policy of the National Association of Realtors and is lining up on the other side to argue its advantages and disadvantages.
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Clear Cooration, adopted in 2019, was presented as an effort to improve transparency and prevent brokerage firms from hoarding pocket listings that undermine consumer choice. consumers, In this case it is understood to mean the purchaser. Since then, the policy has repeatedly been criticized for being overly restrictive and affecting sellers’ options when deciding how and when to put their homes on the open market.
Now, as NAR comes under increased scrutiny and brokerages and MLSs seek new ways to define its value and effectiveness, Clear Collaboration could be in trouble if some industry leaders get their way. There is a possibility of falling into.
This week, the founder and CEO of Compass robert refkin He echoed Clear Collaboration’s assessment, saying its intended benefits are “dwarfed by the restrictions it imposes on homeowner consumer choices and the agency’s obligation to comply with NAR’s Code of Ethics and state law.” ‘ he claimed.
“By blindly following clear cooperation policies, real estate agents risk perpetuating policies that may do more harm than good. Therefore, we are undermining our professional obligation to serve our clients. “It is ethically imperative to challenge such policies in order to pursue authentic practices,” Levkin writes.
Regardless of your views on Clear Coorpination, it is essential to understand both sides of the real estate industry’s biggest debates so that you can respond when changes occur.
Pulse: Why do you want (or don’t you want) Clear Collaboration to be abolished?
From legal challenges to criticism in the media, everyone seems to be talking about clear cooperation and whether it’s time to freeze the controversial policy. Consider this week pulse investigation.
Extra: Anywhere joins NAR in driving clear cooperation policy reforms
In the meantime, maintaining an arsenal of strategies and best practices for working with buyers and sellers will help you adapt to different ways to serve your customers, no matter what new practices or rules emerge. This will ensure that you always have a method available.
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