· starting may 1, homes that have been publicly marketed outside the mls will no longer be allowed on zillow ’ s platform. Can someone explain what this means? The decision is a pushback against private listings, which are offered to a small set of buyers before being.
Understanding the Context
· zillow revolutionized how americans buy, sell and rent homes. The move is being positioned as a step toward greater transparency and equal opportunity in home buying. I go on zillow today and notice that the house in question now is listed as “accepting backup offers”. · zillow is shaking up the housing industry with new regulations aimed at creating a more transparent and fair marketplace starting in may.
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Key Insights
Is this only in the event that our sale falls through, or would they consider other offers if they come up and are better than ours? Today, it faces lawsuits from a competitor and the u. s. When it comes to some of the country’s most popular real estate websites, what you see isn’t always all you can get. · the sites decision comes after a new nar rule allowing sellers to delay broadly marketing their homes.
Important Details
Zillow s new rule could exclude thousands of listings from appearing on the site. At least, according to an antitrust lawsuit filed this summer by real estate brokerage compass against zillow , a listings behemoth that averages 87 million visitors per month.
