Compass tells MLSs to change CCP or face legal exposure
Briefly

The article discusses comments by attorney Michael Ketchmark regarding the Commission Compensation Policy (CCP) and its implications for Realtor organizations. Ketchmark emphasizes that homeowners, not Realtor associations, should dictate listing decisions, which may expose organizations to legal risks. Compass also asserts that existing MLS models limit homeowner choice, citing various organizations that have rejected or are reconsidering the CCP. The overall message urges swift action to acknowledge homeowners' rights before potential legal repercussions arise for those supporting outdated practices.
Realtor organizations need to be aware of the fact that not only will our law firm and other attorneys be looking at [CCP], but the eyes of the world are upon them.
Homeowners are the ones who own their homes, not the National Association of Realtors, and if the homeowner and their agent make a decision that they don't want to list it on any particular site for any particular reason, they ought to have a right to do that.
Read at www.housingwire.com
[
|
]