New national home listing database is taking on Compass in the battle for control of real estate information
Real REMAX Group joined AGNT, HomeServices of America and Keller Williams in announcing Open Real Estate, a largely open, shared listings database API for brokers. Its founders say the initiative aims to address fragmentation in the residential listing market, including private, off-market listings favored by Compass.
Why it matters — REAX watchers may note the company’s participation in an effort to create a shared database amid competition over access to real estate listing information.