Zillow's recent announcement to ban certain listings under new standards has stirred discussions in the real estate sector. The policy mandates that any publicly marketed listing must be submitted to an MLS and shared on Zillow and IDX-affiliated sites within 24 hours. This move is intended to support the Clear Cooperation Policy and has garnered backing from industry figures like eXp Realty and NextHome, who argue it will improve market fairness and accessibility for buyers and sellers alike, and limit the negative effects of private listings.
Leo Pareja, CEO of eXp Realty, asserts that Zillow's policy will maximize seller exposure and enhance buyers' access, crucial for economic mobility.
James Dwiggins of NextHome describes Zillow’s new listing standards as a CHECKMATE, emphasizing that it curtails greed and dishonesty in real estate sales.
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