Buyers Should See All the Listings, Sellers Should Control How Their Listing Appears Online

Because we believe that all buyers should be able to see all listings, Redfin.com will not publish any listings that have been publicly marketed before being shared with all real estate websites via the MLS. To encourage home-sellers to market their listings via the MLS, Redfin is also asking MLSs to create a coming-soon designation for listings that precludes search sites from showing how long a home has been for sale and at what prices.

Other brokers have supported the idea of coming-soon listings, but with access limited to agents, and potentially only to their own agents. This violates the principle established in the last great real-estate anti-trust battle, settled in 2008, that all brokerage customers should be able to see all MLS listings, online or via an agent. And that principle exists for a reason: once brokers give our clients control over how their listing appears online, every client will want that listing to appear everywhere.

The post Buyers Should See All the Listings, Sellers Should Control How Their Listing Appears Online appeared first on Redfin Real Estate News.