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Zillow's latest move to revolutionize real estate transparency has just gained momentum with NextHome joining forces. This strategic partnership marks a significant shift towards a more equitable marketplace, where listings are no longer hidden from potential buyers. By committing to Zillow's listing access standards, NextHome is ensuring that its 6,000 agents across 600 offices nationwide prioritize consumer needs above all else.
The new standards, which align with the National Association of Realtors' Clear Cooperation policy, require publicly marketed listings to be published on MLS within one day and distributed to Zillow and other MLS-fed platforms. This means that listings not meeting these standards will be excluded from both Zillow and Trulia platforms, creating a level playing field for all buyers.
NextHome's decision to join forces with Zillow sends a powerful message to the industry: transparency is no longer optional, but essential for success. By prioritizing consumer access to real estate information, NextHome is not only doing the right thing but also positioning itself as a leader in the market.
As Errol Samuelson, chief industry development officer at Zillow, puts it, "A listing publicly marketed to any buyer should be marketed to all buyers. Hidden listings harm buyers, sellers, and agents by creating an unfair market." By promoting equal and fair access to all available listings, Zillow is dedicated to putting consumers first and ensuring a fair and open marketplace for all.
NextHome's commitment to transparency is just the latest example of its dedication to prioritizing consumer needs. With 600 offices and 6,000 agents nationwide, NextHome has established itself as a major player in the real estate industry. By joining forces with Zillow, it's clear that NextHome is committed to making a positive impact on the market.
As James Dwiggins, co-CEO of NextHome, notes, "Partnering with Zillow to commit to listing transparency is simply the right thing to do for homebuyers and sellers across America. Prioritizing humans over houses is a core value at NextHome because it builds trust and fosters a more informed and confident client base which we believe puts our agents in a position to win."
With this partnership, Zillow continues to solidify its position as the essential consumer gateway to real estate information. By championing transparency and fairness, Zillow is creating a virtuous cycle that benefits both consumers and industry partners alike.
As the real estate landscape continues to evolve, one thing is clear: transparency is no longer a nicety but a necessity. With NextHome on board, Zillow's commitment to consumer-first practices has just gained significant momentum, setting a new standard for the industry to follow.
