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DOJ and PLS argue that lower court should have considered Clear Cooperation Policy's impact on brokers who directly purchase access to listing services.
Redfin CEO Glenn Kelman (Getty, Redfin)
Off-market listings have long been a controversial topic, with agents who oppose them claiming they provide an unfair advantage to brokers at the top end of the market.
But Redfin CEO Glenn Kelman sees another problem: These so-called pocket listings also exclude minority homebuyers.
In an opinion column in Inman and in Twitter posts, Kelman wrote how brokerages often hold 10 percent of their listings off market, spanning cities like Chicago, Minneapolis and Columbus, Ohio.
“Study after study after study shows these excluded buyers are disproportionately people of color,” Kelman said. “This is why marketing every listing to the public isn’t just one way to make housing more fair. It is, according to housing scholars, the first principle of a fair market.”
Journey Real Estate Partners With Side, Bolstering Cutting-Edge Tech for Community-Based Firm
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Journey Real Estate today announced its partnership with Side, the only real estate technology company that exclusively partners with high-performing agents, teams, and independent brokerages to transform them into market-leading boutique brands and businesses.
Corey Robinson, Founder of Journey Real Estate
Side provides a unique opportunity to grow Journey Real Estate with the support of a robust, agent-first brokerage. With both the real estate and tech worlds rapidly evolving, it is important to partner with a forward-thinking, state-of-the-art brokerage and that’s Side. SAN FRANCISCO (PRWEB)