"CMLS warns that limiting listing exposure could fragment the housing market and tilt competition in favor of larger firms, undermining the open and competitive nature of the MLS."
"Complete, timely, and accurate listing information matters. Buyers and sellers rely on price history, days on market, and status changes to make informed decisions in one of the most important financial transactions of their lives."
"When a brokerage calls those facts negative insights, it denies brokers and consumers access to market facts. If those facts were not important to consumers, we would not have this debate."
"The information the brokerages want hidden would not disappear. It would remain available to the largest firms, creating an uneven playing field for smaller brokerages."
CMLS criticizes the trend of pre-marketing strategies, asserting that limiting listing exposure harms market transparency and competition. The organization emphasizes the importance of complete and accurate listing information for buyers and sellers. It argues that withholding data like days on market and price changes reduces transparency and disadvantages smaller brokerages. CMLS highlights that such practices deny access to essential market facts, which are crucial for informed decision-making in real estate transactions. The DOJ has previously recognized the importance of these data points in its litigation with NAR.
Read at www.housingwire.com
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