The National Association of Hispanic Real Estate Professionals is committed to maintaining Clear Collaboration, a policy that requires brokers to submit listings to multiple listing services within one business day of selling a property to the public.
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The National Association of Hispanic Real Estate Professionals is committed to maintaining Clear Collaboration, a policy that requires brokers to submit listings to multiple listing services within one business day of selling a property to the public.
NAHREP, which has more than 40,000 members and 100 chapters, said abolishing the CCP would lead to the proliferation of private listing networks and create a “two-tier” system that would make it impossible for homebuyers, especially those from marginalized communities, to compete. He said it would produce. housing market.
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“This policy will help ensure that all buyers have equal access to available properties, promote transparency in the real estate market, and promote fair housing,” NAHREP said in Monday’s Real Estate – Said in a statement to the news. “Fair housing practices, especially transparency in real estate listings, are critical to dismantling the systemic barriers that have historically disadvantaged Hispanics and other marginalized communities.”
“Ensuring that consumers and agents have fair and transparent access to real estate information, including property information, is essential to combating housing discrimination,” they added. “Private listing networks (PLNs), which limit access to specific buyer groups, create a two-tier structure that excludes underserved buyers, including Hispanics who have faced discrimination in the past. There is a danger of creating a system.
NAHREP said the potential abolition of the Chinese Communist Party would greatly hurt the Hispanic community, which has recorded significant increases in household formation and homeownership rates. According to 2022 U.S. Census Bureau statistics, the number of Hispanic household members has increased by 2.3 million people since 2014. This increase in household composition has contributed to a homeownership rate of 48.6 percent, the second highest homeownership rate among ethnic minorities.
“[We] “We believe that such exclusionary practices not only hinder increased homeownership among Hispanic buyers, but also violate fair housing principles,” NAHREP said. “Agents also need fair and transparent access to real estate listings to better serve homebuyers, including Hispanic homebuyers.”
NAHREP joins a growing number of associations, brokerages, and businesses that are calling on the National Association of Realtors to maintain the CCP, despite pressure from critics who say the policy undermines consumer choice. Compass CEO Robert Refkin has been CCP’s biggest critic, saying the policy would limit customers who don’t want to list their homes on the multi-listing service for security reasons. It alleges that the agency is being forced to breach its fiduciary duties. However, according to previous Inman reporting, the Chinese Communist Party is not forcing home sellers to put their homes on the MLS if they don’t want to sell them publicly.
“As real estate agents, it is extremely important that we protect client confidentiality as defined by customer and state law, even though policies such as clear cooperation policies may promote greater transparency,” Levkin said. he wrote in a Sept. 20 op-ed. “While NAR’s clear cooperation policy is rooted in a desire to increase transparency, real estate agents may inadvertently violate NAR’s Code of Ethics as a guide to the profession and state law.”
“Understanding that each client’s situation is unique and often requires a customized approach, NAR eliminates conflicting policies that risk interfering with real estate agents’ ability to uphold their ethical obligations. It would be better to avoid it,” he added.
NAR sidestepped CCP at the latest NXT conference, with the association’s engagement director Rodney Gunshaw telling attendees that NAR has nothing to do with CCP, whether it’s repealing the rules or removing the firm’s exclusive immunity. He said he doesn’t feel pressured to make any hasty decisions, even if he makes adjustments.
“CCP is not on the NXT agenda as the MLS Technology and Emerging Issues Advisory Committee chose not to make a recommendation regarding CCP at its last meeting and submitted the feedback it received to the NAR Leadership Team.”NAR A spokesperson said: Email Inman. “That feedback, in addition to other comments received after the last meeting, is being evaluated by NAR as it considers next steps.”
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