Top Tweets for #inventoryGate
#RECALL: Fellow real estate consumer advocates & longtime EXCLUSIVE buyer agents, help turn @ConsumerFed's call for FTC/DOJ to investigate anti-competitive implications of Compass/MRED agreement into "Shot heard around #RECartel?"
#AgencyOctopus #InventoryGate #ClearCoverUp
1/
At a time of historical #Housing unaffordability, anti-competitive #Corporative practices and mega-#Mergers are further driving up housing costs for consumers
https://t.co/CkS94krKkR
#InventoryGate: Even brokerages opposed to HIDING listings (aka #ClearCoverUp)
"are preparing fallback plans, building out new platforms & laying out consumer policies in case industry moves away from its longstanding stance."
#PreMLS listing silos = surveillance pricing traps!
I joined @NPRWeekend to discuss how surveillance pricing drives up costs.
Under @linamkhan, FTC probed what firms like @McKinsey pitch to corporate clients. But FTC has since gone silent, opening the door to shady pricing tactics.
@AFergusonFTC needs to finish the study.
@NewsLambert @nardotrealtor NAR is guaranteeing that Realtors & their bloated commissions remain at the "center of the real estate transaction"
By maintaining #InventoryGate, listing brokers who bait homebuyers w/ access to #preMLS listings will maximize opportunities to #DoubleDip via inhouse dashboards
@ajlamacchia @nardotrealtor Whaddya say to longtime EXCLUSIVE #BuyerAgents who've worked 30+ yrs to reform #RECartel & like you want
"all buyers to have access to ALL properties?"
Instead of "most equal playing field" & multi-BILLION dollar reset, EBA's blocked by #InventoryGate!
https://t.co/gsmo9qlSUJ
#REDebate: "If office exclusives are not eliminated, exclusive #BuyerAgents will be."
What impact has #InventoryGate had on housing prices?
Is #DOJvsNAR already investigating how #InventoryGate creates artificial scarcity & scalping effect?
See stats:
https://t.co/h83X0MEjO9
#REDebate: "Opening playbook to everything we do?"
Does selling #PocketListings in-house #preMLS fragment inventory, undermine MLS, throw industry into DARK AGES ?”
Does #InventoryGate exacerbate low inventory?
Should #DOJvsNAR ban #DoubleDipping?
https://t.co/nP4necwCAY
SOLD OUT!
Super excited to host an awesome group from all over North America here in Boston and at our Headquarters!
We will be opening the playbook to everything we do.
#crushitinrealestate #LamacchiaRealty
https://t.co/1JrOAJtAc3
@issac_gardiner @sbvanvoorhis @berkie1 Telling numbers or confusing?
@BijanBayne cites stats used by Larry Edelman/
@GlobeNewsEd in 5/2/24 Trendlines
MLS numbers telling or inviting further inquiry about magnitude of HIDDEN listings?
Underlines need for #DOJvsNAR to act vs #InventoryGate!
https://t.co/uJ91HbKp7X
20+ class action lawsuits, anti-trust intervention by DOJ & AI will reset real estate ecosystem over next 5 yrs as will mass exodus from the state
Need to address in housing plans
#RECALL can bring expertise & consumer perspective to #ProtectHomebuyers
END #InventoryGate? DM
#Reminder: I will be in #Brockton on Friday at 2pm @MassasoitCC to hear from you about #housing and creating #LivableCommunities. Register: https://t.co/zMYZuDJNWj
@adamtaggart @nickgerli1 41% homes now owned by investors?
@CHAPAdotorg Fair Housing Symposium 1-4p ET today focusing on responsible use of AI:
Are investors/#iBuyers using AI to preempt homebuying opportunities
Extracting affordable inventory #preMLS
Removing rungs of housing ladder
#InventoryGate
#Chapter93A: Looking over long career, leading agent said
“As a buyer agent, I want to work w/ listing agency with most listings”
Explained (paraphrasing)
Inhouse sales took business away from small buyer brokers
Would argue that #InventoryGate strangled them
#UnFairHousing
“If it's a human being defrauding you or a system, both equally are seen the same under our laws in Massachusetts,” @MassAGO said.
How she plans to go after scammers:
https://t.co/n0a2mvviUK
"They'll just do it Off-MLS." Those are fighting words
Why #DOJvsNAR isn't finished until #InventoryGate is exposed as unfair & deceptive marketing practice that
Harms homebuyers
Enables #DoubleDipping
Subverts DOJ goal: $30B/yr in #ConsumerSavings
https://t.co/LnbG8mzj1T
Robert Hahn, managing partner of 7DS Associates, shares his take on where he thinks the industry goes next following the NAR proposed settlement👇
Since 2009, @robhahn has written the blog Notorious R.O.B., which examines the residential RE industry
https://t.co/p0euwyRcWf
#RECartel_WATCH: Astute @BostonGlobe comment, exposing #InventoryGate
Role of #BuyerAgent is NOT to be gateway to #OffMarket listings sold #preMLS via inhouse dashboard
Need #DOJStatementOfInterest on proposed #NARSettlement to reverse NAR Clear Cooperation Policy #ClearCoverUp
#RECALL cross-examine #ClassActRE:
1 Did NAR's ClearCooperation policy sanction #ExclusiveListings?
2 By definition does that limit who can access listings? #InventoryGate #unFairHousing
3 Can @NAEBA prove w/ data from #MLSpin?
#UncoupleREFees "won’t save homebuyers money”
It was a fiery afternoon! The #sitzerburnett defendants' expert took the stand and the plaintiffs' attorney questioned his independence https://t.co/mrpjvdoxlD
#InvestigateRE: @RalphNader's 1st speech to #BuyerAgents was 31 yrs ago - 10/28/92. That's Feast of St. Jude, patron Saint of Lost Causes
Sometimes lost things are hidden in plain sight or #preMLS
@MassAGO is #InventoryGate actionable under #Chapter93A?
https://t.co/4yKkytKQeI
#AntiTrustRE: Updates from CLOSED Legal Action Cmte marathon at #NARLegislative?
One buyer-sided class action lawsuit seeking $100 BILLION just for excess fees! What about
#InventoryGate
#AgencyFraud
BLIND #BiddingWars?
#REReckoning #HomebuyerRights
https://t.co/CD84hNrcrz
#NARLegislative Chair of the Legal Action Committee presents three recommendations to provide funding of certain legal fees
@JohnWake #REDebate: Glad one of leading critics of #LandlordNation calling out #NAR's PAC
Protecting Rights, what about need for Homebuyer Bill of Rights?
Expanding Access, what about #InventoryGate - sanctioning #ExclusiveListings?
Building Prosperity, what about #GenerationPricedOut?
#REHypothesis: In time, #ComputationalAntiTrust will reveal that #InventoryGate — practice of selling listings #OffMarket — created artificially low inventory which
Rushed offers (UAG under WK)
Drove price spikes
Is #DOJvsNAR already working on this?
#GateKeeping #AntiTrustRE
#inventoryGate: AGREE! “Brokerage firms that use #ComingSoon signs, open houses, social media & other means of advertising to procure buyers in-house/#preMLS are not doing what’s best for their clients.”
Doesn’t this apply to #ExclusiveListings, too?
Post links to reform laws?
Pros and Cons of Coming Soon Real Estate Marketing https://t.co/r2Em3Acawa
#InventoryGate: If this were a sporting event or concert, what would happen if tickets removed from pool of seating options & sold #OffMarket?
Who might get preferential access?
What would happen to prices?
#NAREE: Need to #InvestigateRE, got data to inform #ExclusiveRExpose?
That's another reason why supply/inventory in the MLS is so low – more off-market/non-MLS sales.
If you wanted to start a business that didn't use the MLS to sell houses, now would be a good time.
@Powers4People @BosAgentMag @ajlamacchia @lamacchiarealty @linakhanFTC Time for #RECALL -- Real Estate Consumer Alliance -- to host People's (Virtual) Town Hall Meeting on #InventoryGate?
DISCUSS: Are in-house dashboards used to match homebuyers & sellers pre-MLS exacerbating inventory shortages & distorting prices?
https://t.co/yDenRXlB88
#BosRE
@MassAGO #InventoryGate: Encourage @BostonGlobe to do follow-up on #PocketListings, post #NARLegislative
“Dark listings are black market for real estate,’’ ... “They’re properties that can’t be purchased in the public arena. It’s the dark side of real estate."
https://t.co/lgQXweF8eQ
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