pelespirit

Fight over private home listings heats up in WA as real estate giants clash (this case has an effect across the country)

https://sh.itjust.works/post/58085399

Fight over private home listings heats up in WA as real estate giants clash (this case has an effect across the country) - sh.itjust.works

Typically, a home sale goes like this: A seller hires a real estate agent who helps prepare the house for sale through immaculate staging and professional photos. When the house is ready, the agent adds the listing to the multiple listing service. That allows other agents to see the house is for sale and home-shopping websites, such as Zillow and Redfin, to display the listing. But Compass offers sellers a different path: a calculated three-phase marketing program to maximize profit. Sellers first test pricing privately with an off-market listing only accessible only to Compass agents and their clients. Then, they build anticipation by labeling it as “Coming Soon” on Compass’ website. Finally, they launch the listing widely on the multiple listing service.

Apr 6 at 7:54pmWeb
Show threadteyrnonApr 6
Smells like price fixing, knowing about propublica’s reporting on these internet companies being used as such. I can find a link if anyone cares to read it.
Show threadpelespiritApr 6

I would care to read it.

I think it’s price fixing and also gatekeeping. I bet Compass is into high end sales and wants to keep their preferred “types of people” in their neighborhood.

Show threadteyrnonApr 6

propublica.org/…/senators-introduce-legislation-s…

That is not the original article though that is a follow-up article, it won’t even give me the original article on search engines here, the enshitification continues.

We need open source search.

We Found That Landlords Could Be Using Algorithms to Fix Rent Prices. Now Lawmakers Want to Make the Practice Illegal.

After a ProPublica investigation, U.S. senators introduced a bill to curb “price fixing” linked to rent-setting software. “Setting prices with an algorithm is no different from doing it over cigars and whiskey in a private club,” said one sponsor.

ProPublica
Show threadpelespiritApr 6

Yeah, this article won’t make it to the front page of Lemmy. Could be timing, could be larger instances curating their front page. We’re in an internet now where we don’t have control of much as individuals.

Thanks for the link and yes, we absolutely need open source search.

Edit: Seattle had rent price fixing up the ass for the last few years and they were trying to stop it. Not sure of how it’s worked to keep it under control though. I stopped researching it.

Show threadteyrnonApr 6

The West Coast was an early adopter of price fixing for rent, investment companies have been getting into the entire country though, you miss a few property tax payments and these motherfuckers call you up from virtual private something something not networks they’re like phone calling systems call you up with spoofed numbers, you can block them but they’ll just call back with a different one and you can’t find out who they are.

We are entering into a very dark future here.