"Redfin argues that the current NWMLS rules limit how sellers can test pricing and demand before going fully live on the MLS, which many sellers find restrictive."
"The proposed premarketing status would allow listings to be filed with the MLS and visible to all member agents, preserving cooperation while giving sellers more control."
"Many MLSs across the country have adopted some form of a coming soon status, allowing sellers and their agents to pre-market properties before they go active."
Redfin is requesting the Northwest Multiple Listing Service to revise its rules to permit a formal premarketing phase for listings in Seattle. Current policies restrict brokers from marketing homes publicly before they appear in the MLS. Redfin argues that this limitation conflicts with seller desires for a short period to test pricing and demand. The request aligns with a new Washington state law requiring simultaneous marketing to the public and all brokers. Redfin proposes an explicit premarketing status within NWMLS to enhance seller control and visibility.
Read at www.housingwire.com
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