Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by rubyn00bie on Tuesday November 02, 2021 @01:58PM
(#29084992)
I worked in real estate tech for like five years...
An MLS is nothing but an local organization. There are zero laws requiring a property to be posted on an MLS. I know of zero states with any regulations like what you propose. There's also confusion around the term "Realtor" because "Realtor" isn't actually a thing. It's a brand, a "real estate agent" on the other hand is an actual job.
The real estate industry is *truly* and exceptionally fucked up. The confusion around MLS, "Realtor," and probably loads of other things I'm forgetting are intentional.
An MLS is nothing but an local organization. There are zero laws requiring a property to be posted on an MLS. I know of zero states with any regulations like what you propose. There's also confusion around the term "Realtor" because "Realtor" isn't actually a thing. It's a brand, a "real estate agent" on the other hand is an actual job.
The real estate industry is *truly* and exceptionally fucked up. The confusion around MLS, "Realtor," and probably loads of other things I'm forgetting are intentional.