My first question is doesn't blocking a listing that wasn't listed on Zillow just give the selling agent more of the exclusivity that they were trying to get?
My other question is why would a home seller agree to the exclusive inventory arrangement? It doesn't seem like it leads to higher prices or quicker sales (the article says that 94% of listings in Compass' exclusive inventory ended up selling via MLS).
Regarding the second question, it's extremely valuable to the brokerage listing the property, and can be more profitable for the agent, so I'd expect the brokerage to have some kind of incentive, at least for the agent, that may or may not be shared with the customer.
Comments
My first question is doesn't blocking a listing that wasn't listed on Zillow just give the selling agent more of the exclusivity that they were trying to get?
My other question is why would a home seller agree to the exclusive inventory arrangement? It doesn't seem like it leads to higher prices or quicker sales (the article says that 94% of listings in Compass' exclusive inventory ended up selling via MLS).
Regarding the second question, it's extremely valuable to the brokerage listing the property, and can be more profitable for the agent, so I'd expect the brokerage to have some kind of incentive, at least for the agent, that may or may not be shared with the customer.