The article highlights the concerns surrounding exclusive property listings and their impact on market fairness. Critics argue that these listings disadvantage lower-income buyers who rely on transparent MLS access, while empowering larger brokerages with greater recruitment capabilities. New data analysis from 2018-2024 shows that double-ended deals consistently underperform compared to non-double-ended deals, selling at an average of 6.36% over list price versus 8.06%. Moreover, firms that frequently conduct double-ended transactions experience even worse outcomes, raising alarms about potential market inequities and the implications for consumer interests.
Critics argue that exclusive listings create an uneven playing field, favoring brokerages while locking out lower-income buyers who rely on open MLS access.
New data reveals that double-ended deals underperform, with average sales of 6.36% over list price, compared to 8.06% for non-double-ended deals.
The trend shows that the more frequently a firm engages in double-ended transactions, the lower the performance for these deals relative to the market.
In firms with double-ending rates above 30%, deals had even worse outcomes, highlighting the detrimental effect of exclusivity on price performance.
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