From New York Post · · 1m
Homebuyers feel cheated by secret listings
Homebuyers report secret property listings benefit brokers and leave them unaware of matching homes.
In brief
Homebuyers report secret property listings benefit brokers and leave them unaware of matching homes. Homebuyers believe private property listings benefit real estate agents and may feel cheated by missing out on homes. Originally reported by New York Post.
Homebuyers suspect secret listings
Nearly three-quarters of homebuyers believe private property listings benefit real estate agents.
Private listings cause frustration
Roughly 40% of homebuyers say they would feel cheated if a home matching their needs sold without their knowledge.
Private listings impact sellers
Homes sold through private listings typically fetch 1.3% less than publicly listed properties, costing sellers $4,230 per transaction.
Sellers gain privacy but lose competition
Private home sales offer sellers greater privacy but may limit competition among buyers.
Compass sues CRMLS
Compass filed an antitrust lawsuit against California Regional Multiple Listing Service over restrictions on property marketing.
Homebuyers remain reliant on agents
85% of buyers used an agent during their purchase, while 78% believed their agent’s commission was fair.
What it means
Homebuyers believe private property listings benefit real estate agents and may feel cheated by missing out on homes.
