Zillow released a statement over the weekend to clarify their ban on listings. As you can see above, the list of exclusions to their new policy is long and lengthy, and it makes you wonder what's left? Most importantly, what or who is so disruptive outside of this...
The market is 'slowing' and pretty soon we will all just be standing around wondering what happened. The underlying reason is that the new rules discourage agents from wanting to work with buyers. I just had one where my buyers offered $175,000 over the list price....
Robert Reffkin was in San Diego yesterday to talk Compass. He will be visting all the Compass regional offices to assure agents that we are on the right track. We're on the right track. Private Exclusives are permitted in the Clear Cooperation Policy. Nobody disputes...
They're not going to give it away! Amid growing economic uncertainty, recession fears, and continuing tariff turmoil, there's a glimmer of hope among homeowners who say that they are still feeling very optimistic about getting top dollar for their properties—with many...
Everyone will be picking sides now! Dear Jim, This week Zillow Executive Errol Samuelson announced that homes not listed on the MLS within 24 hours of public marketing—won't be published on Zillow "for the life of the listing." Simply put, if your listing is not on...
Yesterday, reader Jim repeated the common belief about the Compass 3-Phase Marketing Plan: Compass isn’t going this route to protect sellers - they are trying to increase their dual agency transactions which will lead to more profits for a publicly traded company. In...
Here's the full story so far but you know what triggered this move. Warren has to be as madder than Reffkin over the arbitrary penalties from the NAR, and their vig was 5x what Compass had to pay: What will be the impact locally? Combining the #1 and #2 brokerages...
The Compass CEO, Robert Reffkin, is a vocal opponent of the Clear Cooperation Policy. Those in the business call him names and say his only motivation for opposing the CCP is to promote in-house sales. The point that gets trampled over is that consumers and agents...
Reader Jim G. made a couple of friendly comments on how Compass is handling our objection to the Clear Cooperation Policy. It followed what a big-mouth in L.A. said this week when he called the Compass explanation, 'disingenuous'. We're all struggling to describe the...
For two months we've been settling in with the new arrangements for paying the buyer-agents. I haven't heard of any buyers yet who got stuck having to pay their buyer-agent because the seller refused to pay. Undoubtably, there are buyer-agents who were paid a partial...
