Exclusive listing -Inventory of Kompas
In the past year, despite the industrial pushback, Compass worked to grow its network of exclusive list stock. When acquiring the brokerage operation of Anywhere, as well as the franchise network, Compass now has the opportunity to create a huge portfolio of exclusive offers at many of the largest house markets in the country. This has led to many people from the industry believe that Compass is able to re -access access to real estate data, making the Stronghold MLSs possible about mention data.
MLS leaders, including veteran from the industry and San Diego MLS CEO Saul Klein considered this news as a “Big Deal ” For MLSS, associations and other brokers.
Mike Delprete, a technological strategist in the real estate sector, shared a similar view of LinkedIn.
“In 10 years, where I think this deal will become known – the leverage now gives compass in its constant urge to exclusive inventory, but really the challenge for the existing MLS, National Association of Realtors (Nar), and Zillow hegemony. Game on, “Delprete wrote.
If the managing broker of a small brokerage in Wellesley, Massachusetts, Chip Stella is worried about how a larger book with the exclusive inventory of Kompas could influence his company.
“As a business owner it hurts me because I don’t have access to that inventory for my buyer customers,” Stella, the managing broker of Rutledge -Properties, said. “It also damages the sellers of Compass. My company is the number two brokerage in Wellesley, and if my agents cannot find these offers, they will not bring their buyers to see them. It will hurt consumers everywhere.”
To compete with this, Steve Murray, the co-founder of Reeftrends consultingPostulates that small and medium -sized brokers can start forming networks to share the exclusive list.
The resistance to the private -exclusive model of Compass is ‘Death’
Despite these possible labor trips for smaller independents, other industry players are not optimistic about what this deal means.
“Everywhere spent years on the staff of the private -exclusive degree of compass. That resistance is dead. Now the world’s largest exhibition inventory can be locked, the competition can close and choke,” Greg Sher, the director of the director of the director of NFM Lendingwrote on LinkedIn. “Consumers lose the choice. Small companies are crushed. This is not a victory for innovation. It is consolidation by surviving. And in this company, when Wall Street wins, transparency dies … and agents pay the price.”
Sher is not the only one who believes that this deal will have negative consequences for agents.
Mario Deniz, the broker owner of Deniz Realty PartnersAn independent brokerage established in Florida says that fewer brokers on the market will give agents less leverage on splits and reimbursements.
“The real question: will this merger chance to create agents, or just make it easier to squeeze them?” Deniz wrote in one LinkedIn post.
But although the news has surprised a lot, Ryan Serven, the founder and CEO of Serhant.Was not one of them.
“This is another example of what happens in adult industries. When innovation slows down, consolidation grows. That is a standard business strategy, right? But real estate brokerage is not a commodity market,” Serhant said in a Instagram message. “Large-scale roll-ups, can give priority to scale, cost synergy, quarterly stories for Wall Street, that can be perfectly valid business goals, but for agents and customers scale is not automatically the same as better results. Consolidation is not automatically equal to innovation.”
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