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Major US Real Estate Brokerages Announce Open Real Estate Platform Construction

CNBC · ·by G4L

COMP
COMP Compass Inc
$10.79 +5.68%
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  1. 1AGNT, HomeServices of America, Keller Williams, and Real REMAX Group announced they will build an open shared property database (API) for brokers.
  2. 2Compass is involved in more than six lawsuits with state and local Multiple Listing Services (MLS).
  3. 3Last month, six regional MLSs filed a joint federal lawsuit against Compass representing more than 120,000 real estate professionals.

So what's the key point?

Real estate brokers announced they are creating a system to share information with each other. Compass is facing several lawsuits from local real estate services.

Source CNBC · View original ↗

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