The Battle for Clear Cooperation

Have you heard of “clear cooperation” in real estate? If not, it's important to know that there's a battle brewing over whether or not it should be a part of the buying and selling process. Simply put, clear cooperation requires agents to publicly list any property they’re marketing within one business day of sharing it with other agents. This means that pocket listings and homes sold privately without public marketing are limited.

Pros:

Transparency: Clear cooperation creates a more transparent marketplace by ensuring listings are available to all buyers, not just a select few.

Wider Exposure: More exposure often means more competition, which can potentially lead to better offers for sellers.

Equal Opportunity: It provides all buyers with equal access to new listings, making the process fairer.

Cons:

Reduced Privacy: For sellers who prefer a quieter transaction, clear cooperation can limit the option of a private sale.

Less Flexibility: Agents have less control over how they market and share listings, which may feel restrictive for some sellers.

How It Affects You:

For buyers, clear cooperation means that more listings are available for you to browse online, potentially leading to more options and a fairer shot at purchasing your dream home. For sellers, it may lead to more interest in the property, although it could feel less private. The goal is for clear cooperation to keep the market "fair, competitive, and transparent."

I'd love to know your opinion on this if you have one!