u/SuperPineapple7033

As many of you know, Compass partnered with MRED -- and then MRED pulled their listings feed from Zillow.

How'd it go today? Chaos? Business as usual? A lot of educating sellers on what happened?

Sellers should be watching this because less of a % of buyers will see listings unless it's posted manually onto Zillow (if the MLS bosses allow it).

I've seen a lot of acquisitions lately (the most ever in the industry) from companies totally different from eachother (for instance a virtual brokerage just acquired an over 50 year old legacy brick and mortar brokerage)

A lot of the bigger legacy brokerages are in the red. I saw another major brokerage posted a $16m loss for last quarter today, I'm wondering if they'll also get acquired soon.

For those of you at brokerages that have been acquired (there have been several major ones recently) -- have you noticed any protocol changes, procedure changes, commission changes, other changes -- or just business in general?

I'm also wondering if you've seen agents leave because they didn't align with the new company culture, or any changes that happened.

I've never seen anything like this in the industry, all these portals slugging it out, now joining forces and alliances.

I'm just wondering how Zillow and Realtor (the site, I can't type the domain in a post) -- are going to combat Private Listings Networks with the strategy of allowing private listings.

I guess their strategy is to allow it on their sites -- so that agents don't go the private listings network route.

But will the inquiries for those listings go straight to the listing agents? Or will the inquiries be sold?

I think some of the big brokerages want to utilize Private Listings Networks so that they can get both ends of the deal, cook their stock prices, and use it to recruit more agents. I mean they're a big corporation and big corporations just want to grow and dominate, so can't blame them for their goals I guess -- even though it's obviously not a win for consumers.

That said, less exposure and less transparency hurts sellers. It also hurts buyers by making it harder to navigate inventory in the Wild West.

We're also getting less data with deals going off market, but that's another story.

MLSs were such a good idea and have worked for so long, but are now threatened by these mega brokerages.

At least Zillow and Realtor have transparency by syndicating the MLSs. We know they're not doing it as a charity to help consumers, and they are a business, but having a central database where the general public can see what's on the market is a good idea.

With Private Listings Networks, buyers won't be able to see nearly everything online like they were able to for the 2 decades

Sellers get less exposure, less money (and lied to by being told that selling off market will get them more money -- yeah right, less eyeballs on it and it competes with listings on the open market).

Let's see if Zillow and Realtor can help prevent listing agents from turning to Private Listings Networks -- because its the listing agents pushing this, not the sellers.

Anyone following the MRED / Compass National Private Listings Network story?

I doubt many sellers will be that stupid to fall for "listing privately to get more money", but some unfortunately will fall for it.

Like having your home off market will cause some "special demand" when less people will see it, and it still competes what's on the open market.

This is about monopoly, recruiting agents, market domination.

Definitely not in the best interest of sellers.

Imagine making a push to turn organized listings via MLS into the Wild West, all so you can "get the seller more money".

Give me a break... so silly if anyone falls for it