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Robert Reffkin, CEO of Compass, is advocating for the repeal of the National Association of Realtors’ (NAR) Clear Cooperation Policy, and has been vocal about the company’s achievements. In contrast, executives from eXp Realty are highlighting the advantages provided by the North American Multiple Listing Service (MLS) system, which they argue is significantly contributing to their international expansion.
eXp Realty has been experiencing robust growth across various markets, and its leaders believe that the current MLS framework enables them to operate more effectively and connect with potential clients globally. They argue that the Clear Cooperation Policy facilitates a level playing field that allows eXp Realty to leverage MLS data to enhance its services and grow its agent network internationally.
This divergence in perspectives between Compass and eXp Realty showcases the differing strategies within the real estate industry. While Compass focuses on the evolution of policies that they believe restrict market competition, eXp Realty is centered on harnessing the existing MLS structure to drive their growth strategy. As eXp Realty expands its footprint internationally, the real estate community continues to watch how these contrasting views will shape the industry’s future landscape.
This discussion around the MLS and its impact is significant as it reflects broader trends in real estate technology, the effectiveness of market structures, and the varying approaches companies are taking in evolving market environments. The contrasting strategies of Compass and eXp Realty highlight ongoing debates around real estate competition and cooperation in North America.