realestate

Cooperation vs. Pocket Listings: A Growing Industry Dispute

National Association of Realtors' leadership considers abolishing Clear Cooperation Policy amid year of significant policy changes.

T
he National Association of Realtors (NAR) has been considering a significant policy change after a year of major shifts in its rules. Some top players in the industry are pushing to abolish the Clear Cooperation Policy, which requires agents to list homes on the Multiple Listing Service (MLS). The debate between proponents and opponents has reached a boiling point, prompting NAR leaders to weigh in on potential changes.

    Industry giants such as Anywhere Real Estate, parent company to Coldwell Banker Realty, the Corcoran Group, Century 21, and Compass are leading the charge against Clear Cooperation. They argue that sellers should have the freedom to market their homes without restrictions, and that a required MLS listing can actually harm rather than help some property owners.

    Compass CEO Robert Reffkin recently called for the elimination of Clear Cooperation on Instagram, citing concerns about fairness and competition. However, Oppenheim Group President Jason Oppenheim fired back, accusing Reffkin of wanting to hoard pocket listings and arguing that eliminating the policy would hurt smaller brokerages and consumers.

    Proponents of Clear Cooperation see it as a crucial defense against housing discrimination. Victor Lund, founder of Wav Group, believes that making every listing available on the MLS is essential for fair housing practices. "There's too much opportunity for housing discrimination without it," he said.

Real estate agents debate cooperation versus pocket listings in industry dispute.