Realtor MLSs (Multiple Listing Services): No more copyrights on home seller data. Provide free access to MLS data!
This could be one of the most important residential real estate consumer movements ever. MLSs (Realtor owned Multiple Listing Services) are claiming copyrights on seller listing data and then using those copyrights to limit access to that data. This hurts home sellers and homebuyers.
When most large brokerage firms sell houses, they now are in the business of trying to collect not just one commission, but two (they want the buyer broker's commission too). And to do it, they are willing to sacrifice their sellers' best interests in selling houses quickly and for the highest price. As it turns out, intentionally limiting the access of their clients' home data is worth it because the prospect of collecting a double commission far outweighs the slightly lower commission that results when it takes longer to sell your house and your house sells for less.
In addition, when brokers collect a double commission this severely affects their ability to represent their clients. Homebuyers and sellers rarely understand that when their broker collects a double commission that they are legally prohibitted from offering negotiating advice on price and terms. In effect, brokers are selling out their own clients by limiting access to MLS data. They collect a double commission and their clients receive a fraction of the service and are exposed to market manipulations that impede an efficient home selling marketplace.
Large brokerage firms are using their Realtor owned MLSs to limit access to your data and we want that practice stopped. We want homebuyers to see sellers' house data and we want sellers' to benefit from uninhibited marketing of their homes (free access to the data).
- All Multiple Listing Services nationwide
This petition is on behalf of real estate consumers, real estate agents, real estate brokers and Realtors throughout the United States who want to see MLSs provide free and unrestricted access to sellers' property data. That data should be frequently updated and accurate. It is our position that MLSs are custodians of Realtor client (home sellers') data and should only use that data for the betterment of those clients. Tying access to the data to the condition that listing agents or brokers be featured on the page is harmful to consumers and we want that practice stopped.
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