Agency broker starts petition to overturn pocket listings ban

Controversial NAR policy set to go into effect May 1

TRD NATIONAL /
Feb.February 27, 2020 02:30 PM
Jamie Waryck (Credit: iStock)

Jamie Waryck (Credit: iStock)

A broker from The Agency is hoping to mobilize support against the National Association of Realtors’ controversial ban against pocket listings, drafting a new petition to urge the repeal of a policy that many agents feel will disrupt the market and hurt their livelihoods.

“It feels as if it was done without a whole lot of thought for the person impacted the most, which is the seller,” Jamie Waryck told Inman. “I, along with several colleagues, find that very frustrating.”

NAR’s policy, which was approved in November and is scheduled to take effect May 1, requires brokers to submit a listing to the Multiple Listings Service within one business day of publically marketing a property.

NAR argues it will help make the business more transparent, but brokers, particularly in high-end markets like Los Angeles, Miami and New York, argue that pocket listings help protect sellers’ privacy and allow agents to be more flexible with asking prices.

“A homeowner should have the right to work with a realtor and decide for him or herself whether the home is sold with full exposure to the public, with limited access to the public, in total privacy or through a combination of any of these based upon the homeowner’s personal wants and needs,” the petition reads. “The National Association of Realtors has decided to remove this right from you.”

Top L.A. agents have previously spoken out strongly against the policy, including Agency CEO Mauricio Umansky and Hilton & Hyland’s Gary Gold.

“I think we should be policed somewhat,” Gold said in October, “but not treated like children.” [Inman]TRD Staff


Related Articles

arrow_forward_ios
From left: Stephan Burke, Carol Cassis, and Diana Carulla, and Amy Ballon

Movers & Shakers: Cassis Burke team joins Elliman, 2000 Ocean names sales director & more

PLS is a new platform hoping to make whisper listings all the rage in South Florida

Pocket listings flourish in South Florida as agents eye new platforms

Movers & Shakers: Miami Realtors hires chief innovation officer from NAR & more

Movers & Shakers: Miami Realtors hires chief innovation officer from NAR & more

The Agency to take over sales of Merrick Manor: sources

The Agency to take over sales of Merrick Manor: sources

Mauricio Umansky’s pocket listings site launching in South Florida

Mauricio Umansky’s pocket listings site launching in South Florida

The Agency expands to Aventura, Coral Gables

The Agency expands to Aventura, Coral Gables

Reffkin to TRD panel: “I believe the traditional brokerage model is not sustainable”

Reffkin to TRD panel: “I believe the traditional brokerage model is not sustainable”

Mauricio Umansky’s The Agency to launch SoFla operation in Boca Raton

Mauricio Umansky’s The Agency to launch SoFla operation in Boca Raton

arrow_forward_ios
Loading...