Compass opens new front against Zillow with complaints to regulators, MLSs
“When sellers choose to publicly market their homes and make them available to the broadest possible audience, Zillow is keeping those listings from buyers because they were not initially prioritized on Zillow,” the spokesperson said over email. “In some cases, Zillow is displaying active, publicly available listings as not for sale.”
You seriously can’t make this shit up.
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.
