Property information being made public by MLSs

Home valuation and real estate tech sites have added pressure to the ever-changing face of real esate and the way MLSs and brokers alike display their property information. Under the pressure Northwest Multiple Listing Service, which serves western Washington, Prudential, and Zip Realty have made the decision to provide sold property information for public display. With the ongoing litigation between the Department of Justice and the National Association of Realtors it will be interesting to see if this becomes the norm or just an anomaly. Websites like Zillow.com and competitor RealEsateABC.com have increased consumer knowledge of home valuations and provided a springboard for home sellers to assume more control over the sales transaction. With accurate home valuations sellers can now confidently list their homes through alternative models like flat fee MLS brokers and discount real esate brokers eliminating the high commission structure demanded by full service brokers and agents.