The founder of eXp explains that their success stemmed from equitable access to listing inventory through the MLS system, rather than reliance on significant capital investments. He warns that private listings can harm competition and innovation by restricting access for small brokerages, which could lead to industry fragmentation and consolidation. Despite being a leading brokerage, eXp does not pursue private marketplaces, supporting transparency and cooperation over capital concentration to ensure a competitive real estate landscape.
When we support Zillow's position on listing transparency, we're not conspiring against competition— we're defending the system that allowed us to compete.
Private listings kill innovation and competition, restricting access to premium listings and forcing consolidation among smaller brokerages.
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