Midwest Real Estate Data (MRED) announced to nationwide expansion of its MLS service, including the Private Listing Network (PLN), to any licensed agent.
MRED also announced that Compass International Holdings (NYSE: COMP) became the first brokerage to provide its nationwide inventory of listings, including Private Exclusive and Coming Soon Listings, to MRED’s PLN participants, subject to the permission of the homeowner and the agent. Compass will also subsidize some of the cost of MRED access to the first 100,000 Compass International Holdings agents to join MRED as full members.
“Giving homeowners choice in marketing their listings is the right thing to do,” said Compass International Holdings Chairman and CEO Robert Reffkin. “We also want to support MLSs, like MRED, that value, support, and protect their customers, who are real estate agents, from retaliation by other MLSs and portals, and ensure that agents can fulfill their fiduciary duties to their home seller and home buyer clients.”
“MRED has been providing sellers with options and buyers with transparency through our Private Listing Network for a decade,” said MRED CEO Rebecca Jensen. “The MLS is meant to facilitate cooperation between agents in support of their clients’ needs, not dictate marketing or business model practices. Our recent improvements in listing display options continue our goal of listening to evolving needs from our subscribers. We are thrilled to expand our service offering nationwide with Compass International Holdings and hope that other brokerages also want to participate.”
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