Stellar MLS in Florida is set to repeal its optional no-commingling rule, effective October 2024. CEO Merri Jo Cowen acknowledged the rule as outdated in response to evolving broker and agent websites. Zillow expressed enthusiasm about the change, emphasizing the need for a seamless home search experience. The previous policy led to complications such as antitrust concerns, prompting Zillow to advocate for its removal. The Department of Justice's involvement further indicates the growing scrutiny of MLS practices, aiming to simplify and enhance home search transparency for consumers.
Zillow's Vice President of Industry Affairs, Matt Hendricks, stated that removing the outdated no-commingling rule is essential for a transparent home search process aligned with consumer expectations.
Merri Jo Cowen, CEO of Stellar MLS, expressed the organization's realization that the optional rule was outdated as broker and agent websites evolved, prompting their decision to eliminate it.
Collection
[
|
...
]