Damian Eales: Private listings are a ‘right side of history’ test
“It’s almost incomprehensible that the market is moving towards a position where information is not shared, where it’s asymmetrical information, where only some have the information required to properly value that asset.”
You know where I stand on private listings. Not a fan. And stripping out days on market and price changes? Those are facts. Hiding them doesn’t protect the consumer, it blindfolds them.
What makes Eales worth listening to is where he’s coming from. He’s Australian. He’s already lived in the version of this movie where listing agents pay to promote, sellers foot the advertising bill, and buyers don’t get the full picture. So when the guy who’s seen that ending calls the U.S. MLS system “genuinely unique” and lines it up next to the NYSE, that should land.
Call it “seller choice” if you want. It’s really just hiding the ball.
Pick a side.
YEP!