Brian Donnellan, president and CEO of the massive multiple listing service Bright MLS, said during Inman Connect New York that pocket listing bans have positive impacts in three areas: competition, consumers and cooperation. By requiring agents to put all of their properties into their respective multiple listing services (MLSs), in other words, both real estate industry members and their clients have better access to the market.
“We believe that this has a huge impact on consumers,” Donnellan said. “We think that if a consumer can go to one place and get all the information, they’re better served.”
Drussy agreed and says that sellers are going to benefit from having that exposure.
“We need to remember who we work for,” she added. “Who do we owe our duty to? I think it’s an advantage for everyone involved.”
Donnellan said, “We’re doing what’s right,”. “This is the foundation: that you cooperate entirely, not just when you want to. I think it puts us in the right place, and I think it’s good for us all.”