If ever in the history of the real estate industry where millions of real estate professionals have been in a complete disarray about the future of home selling it would be this week.
Two days ago the U.S. Supreme Court denied a special request by the National Association Of Realtor to end future litigations against the organization regarding commission cooperation between competing agents and what agents know as the CLEAR COOPERATION RULE which mandates that Realtors make all new listings available in the MLS within one business day of advertising to the public.
For the general public this might appear as “nothing new” but to those highly experienced in the real estate business is a message to the industry that “commission sharing” between competing agents whether on or off the MLS is a restraint on competition. The U.S. Department of Justice has expressed through its Civil Investigative Demands that the Realtor organization has not been released from future lawsuits from the regulatory agency. And — the U.S. Supreme Court has notarized.
While change is difficult and costly to legacy business models it is necessary to welcome change for the benefit of the consumers. At Homeselling AI we believe Guaranteed Highest Offer can bring the most benefits for millions of homeowners through the power of real-time transparency.