Overview
- MRED, which announced the change Friday, opened its MLS and Private Listing Network to any licensed agent in the United States.
- Compass will pipe in a nationwide feed of its listings, including Private Exclusive and Coming Soon homes, and will subsidize membership costs for the first 100,000 Compass agents who join.
- MRED pledged to shield participating agents from bans or penalties by third‑party portals and IDX recipients, a stance that follows recent friction with Zillow over private listings.
- Pricing, technical rules, and how participation will affect other MLSs remain unclear, leaving adoption and interoperability questions unresolved.
- Washington and Wisconsin now require broad public marketing, and lawmakers in New York, Connecticut, Hawaii, and Illinois have proposed similar measures that could limit how a national private network operates.