C
alifornia's powerful residential real estate groups are sounding the alarm on office exclusives, viewing them as a threat to consumers and the integrity of the housing market. Key points include:

    * The California Association of Realtors (C.A.R.) supports modifying NAR's Clear Cooperation Policy to eliminate office exclusives.

    * CRMLS has set its pre-marketing period to zero days, refusing to implement NAR's delayed marketing policy or create a private listing status.

    * New data from CRMLS shows that only 1.35% of listings never make it to the MLS, and those that do take longer to sell.

    C.A.R. President Heather Ozur expressed concerns about fair housing principles and transparency for consumers, citing studies that suggest marketing properties through the MLS yields better financial outcomes. In contrast, Compass argues that its 3-phase marketing strategy provides value for sellers.

    CRMLS CEO Art Carter emphasized the importance of an open and transparent market, stating that his organization will continue to monitor private exclusives. While CRMLS has not taken action against Compass agents participating in private exclusives, Carter remains skeptical about their benefits for consumers.