Open Real Estate, the national initiative launched by big brokerage leaders last week that has promised to create a shared “infrastructure” for property listing data, today announced it has received 826 letters of support from real estate brokerage leaders. Behind the strength—and size—of its four founding brokerages (HomeServices of America, AGNT, Keller Williams and Real…
“Is Open Real Estate a national MLS?” That question, proffered by Open Real Estate itself on its website as soon as the initiative was launched, made it clear the founders—namely, AGNT (eXp and NextHome), HomeServices of America, Real REMAX Group and Keller Williams—knew that at least some in the industry would see that project in…
The management and distribution of residential real estate listing data has returned to the forefront of industry discussion, prompted by the announcement of a new initiative to establish a shared platform for brokerage information. While the attention is understandable, the aspirations underlying such efforts are hardly new. More than a decade ago, an even broader…
Iron Valley Real Estate has signed the Open Real Estate letter of support, which the brokerage stated affirms its commitment to a housing marketplace built on transparency, cooperation and broader access to listing information. Iron Valley said in a release that its position surrounding the arguments of private listings and housing information is clear: “decisions…
Four brokerage giants are launching what they call “shared infrastructure” to keep listings shared broadly, seemingly in direct opposition to Compass and its campaign to undo cooperation-focused rules, in an initiative dubbed “Open Real Estate.” The four companies founding the initiative are Keller Williams, AGNT (parent of eXp and NextHome), HomeServices of America and Real…