Pocket listing service is back with a new website

Zillow competitor PLS will allow public to search exclusive listings

National /
Dec.December 30, 2020 10:17 AM
From left: PLS founders David Parnes, Mauricio Umansky, James Harris and Chris Dyson and (The Agency RE)

From left: PLS founders David Parnes, Mauricio Umansky, James Harris and Chris Dyson and (The Agency RE)

The PLS, formerly a private listing network for real estate agents, will relaunch Jan. 19 as a public-facing site.

The site will be a competitor to third-party listing sites such as Zillow and Realtor.com. On the new site, both agents and members of the public will be able to search “PLS only” listings that automatically convert to just active PLS listings after one business day, according to Inman.

In May, ThePLS.com filed a federal antitrust lawsuit against NAR, the California Regional MLS, Bright MLS and Midwest Real Estate Data. The suit alleges that the requirement for listing brokers to submit a listing to their MLS within one business day of marketing a property to the public violates the federal Sherman Antitrust Act and California’s Cartwright Act for adopting the Clear Cooperation Policy.

The original Pocket Listing Site was shut down because of the policy and declining membership. The new site takes advantage of a term in the Clear Cooperation Policy, which allows agents to advertise a property for one business day — up to 72 hours if the property is advertised on a Friday — before it must be submitted to the MLS.

“In the current market where inventory is extremely tight across the board, ThePLS.com will give agents the opportunity to exclusively share ALL listings on the platform first,” the company told Inman via email.

[Inman] — Sasha Jones


Related Articles

arrow_forward_ios
Real estate’s richest get richer on Forbes’ billionaire list
Real estate’s richest get richer on Forbes’ billionaire list
Real estate’s richest get richer on Forbes’ billionaire list
Opendoor amasses $9B in borrowing capacity
Opendoor amasses $9B in borrowing capacity
Opendoor amasses $9B in borrowing capacity
iBuyer bonds attracting Wall Street capital
iBuyer bonds attracting Wall Street capital
iBuyer bonds attracting Wall Street capital
Compass shares plummet, then recover in volatile morning after lockup ends
Compass shares plummet, then recover in volatile morning after lockup ends
Compass shares plummet, then recover in volatile morning after lockup ends
Berkshire Hathaway HomeServices CEO Christy Budnick (Berkshire)
Berkshire Hathaway HomeServices names new CEO
Berkshire Hathaway HomeServices names new CEO
(iStock)
Hot, hot, hot: Resi market sets new price records in March
Hot, hot, hot: Resi market sets new price records in March
(iStock)
Homebuilder sentiment ticks up in April
Homebuilder sentiment ticks up in April
Andrew Florance, CEO of CoStar Group (CoStar, Homes.com)
CoStar to buy Homes.com for $156M
CoStar to buy Homes.com for $156M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...