From the Wall Street Journal (paywall)
NAR, Real Estate’s Biggest Trade Group, Sued Over Pocket Listings Policy
“TAN, launched in 2010, is a members-only networking and communication platform for real-estate agents who can show that they are in the top 10% of producers in their geographic area, according to founder David Faudman. Its roughly 10,000 members, who pay between $475 and $675 in annual dues, frequently use the platform to share information about off-market listings, which are for sale but not in the MLS. That function is now against NAR rules, said Mr. Faudman. “We’re concerned that this could put a huge damper on TAN, to the point that it destroys the business,” he said.”
In other words, “Ever since they made discrimination illegal, it’s been bad for the discrimination business.”
And then there’s this gem.
“In addition to threatening his business model, Mr. Faudman said the new policy harms home sellers because it prevents them from choosing to market their homes privately if they wish. “There are plenty of times, certainly on the celebrity level, where they don’t want to go into the multiple listing service,” he said.”
Seriously? We are going to allow abuses in fair housing because of Kim Kardashian? ????♂️
We can do better than this people.
