From The Real Deal · Jonathan Miller · · 1m
Housing Notes: Private Listings Are a Consumer Issue
Compass private listings mislead buyers by hiding market data.
In brief
Compass private listings mislead buyers by hiding market data. Compass's private listings hide inventory and days on market, risking buyer trust. Originally reported by The Real Deal.
WSJ covers Compass private listings
The Wall Street Journal published a piece explaining how Compass private listings mislead consumers with inaccurate claims about seller choice.
Compass CEO Robert Reffkin
Compass CEO Robert Reffkin faced questions about private listings after a WSJ article led to Bloomberg TV appearances.
Private listings mislead consumers
Compass's private listings hide inventory and days on market, misleading buyers about market conditions.
Compass lawsuit against CRMLS
Compass filed a lawsuit against CRMLS after being upstaged in the real estate market.
Compass holiday party sponsorship
Compass solicited developer sponsorship for their holiday party, a rare move in real estate.
Compass's marketing claims
Compass claims private listings maximize value but actually hide information from consumers.
Compass faces legal risks
Compass's private listings risk litigation by breaking fiduciary duty to sellers and buyers.
The main idea
Compass's private listings hide inventory and days on market, risking buyer trust.
