It seems like everyone is talking about Clear Cooperation these days. Is the policy a power grab from the NAR and MLSs or a sincere attempt to level the playing field for buyers?
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Each week on The Download, Inman’s Christy Murdock takes a closer look at the week’s top stories to give you what you need to meet Monday head on. This week: It seems like everyone is talking about Clear Cooperation these days. Is the policy a power grab from the NAR and MLSs or a sincere attempt to level the playing field for buyers?
Just when you think it’s safe to get back on the water, real estate has a new challenge in store for us. In this case, everyone is concerned about the National Association of Realtors’ Clear Cooperation policy and is lined up on opposing sides to argue its merits and demerits.
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Adopted in 2019, Clear Cooperation was launched as an effort to improve transparency and ensure that sellers do not collect package listings to harm consumer choice – buyers, in this case, it is understood to mean consumers. In the years since, the policy has been repeatedly criticized as being overly restrictive and stifling sellers’ options in deciding how and when their homes will go on the open market.
Now, as NAR continues to be scrutinized and brokerages and MLSs look for new ways to define their value and effectiveness, if other industry leaders have their way, Clear Cooperation may be headed for a decision.
This week, the founder and CEO of Compass Robert Reffkin he also weighed in on his assessment of Clear Cooperation, saying the intended benefits “weighed in comparison to the restrictions it places on the choice of home-owner buyers and the agent’s obligation to uphold the NAR Code of Conduct and state laws.”
“By blindly complying with the Clear Partnership Policy, Realtors risk promoting policies that may do more harm than good, therefore, it is a moral obligation to challenge such policies in order to pursue a practice that is truly consistent with our professional duty to serve our clients. ,” Reffkin wrote.
Regardless of your take on Clear Cooperation, it’s important to understand both sides of real estate’s biggest controversies so you can adapt to changes if and when they come.
Pulse: Why (or don’t you) want to see Clear Cooperation repealed?
From legal challenges to media coverage, it seems like everyone is talking about Clear Cooperation and how it’s time to put this controversial policy on ice. Rate this week The Pulse survey.
MORE: Anywhere join the push to change NAR’s Clear Partnership Policy
In the meantime, maintaining a set of strategies and best practices for working with sellers and buyers will ensure that no matter what new procedures and rules appear, you will always have more ways to serve your customers.
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