BrightMLS is the latest company to partner with Compass and expand nationally. Here’s what expanded partnerships mean for your listings, your portal, and you.
In just a few weeks, Compass has signed partnerships with MRED, Realtracs, TheMLS/CLAW, and now BrightMLS. These four are the largest MLSs in the country, covering the Mid-Atlantic Coast, the South, Chicagoland, and the greater Los Angeles area. HiveMLS (serving Georgia, the Carolinas, and other areas) appears to be next.
“Compass has committed to making data across the country available to our subscribers through our systems,” BrightMLS CEO Brian Donnellan wrote when announcing the deal. “Furthermore, Compass has agreed to subsidize new Bright subscriptions to enable Compass International Holdings’ distributors in New Jersey, Pennsylvania, Virginia, or other parts of the country to take advantage of Bright’s capabilities throughout the region.”
Meanwhile, a new front in the portal wars intensified this week with Compass and MRED being sued in federal court for what they say is a conspiracy to threaten access to Zillow’s listings if Zillow enforces a policy centered around off-the-shelf listings.
The infrastructure that allows properties to move through the market is being rebuilt in real time, and most real estate agents don’t even know it’s happening. Luckily, Inman contributors provide on-the-ground insights, strategies, how-tos, and editorials to help you navigate and thrive in the new normal.
Off-market myths: How listing fragmentation is hurting buyers and agents
Michael Nourman, a new Inman contributor, writes that buyers feel they are missing out due to the proliferation of off-market items. Here’s how to provide clarity and transparency.
The clear cooperation policy is over. What comes next?
Now that NAR’s clear collaboration policy is no longer supported by the real estate industry, how do we navigate this new territory? Coach Darryl Davis asks and answers the questions.
Real estate has nowhere to go. It’s time to return to the North Star
Caring for clients and prioritizing excellence is the way forward in an industry undergoing consolidation and upheaval, writes trainer Bernice Ross.
Email Christy Murdock
