Real Estate Brokerages Fight Over How Houses for Sale Should Be Listed
A turf war is erupting in the residential real estate industry, with the biggest names — including Compass, Redfin, Zillow and Homes.com — falling into two increasingly stratified camps when it comes to so-called “pocket listings.”Such listings are houses for sale that are shown privately to select groups before going to the general public.Brokerages and real estate portals on one side believe the private listings are beneficial because they offer sellers privacy and control, as well as a chance to test the waters on aspects of a home sale like...