Why NAHREP is speaking out in favor of Clear Cooperation
The National Association of Hispanic Real Estate Professionals says the much-debated policy “helps ensure all buyers have equal access to available properties.”
Add the National Association of Hispanic Real Estate Professionals (NAHREP) to the chorus of industry voices speaking out in favor of the Clear Cooperation Policy, which requires homes to be listed on the MLS within a day of being publicly marketed.
"This policy helps ensure all buyers have equal access to available properties, fostering transparency and promoting fair housing in the real estate market," the association said in a statement sent to Real Estate News on Nov. 18. "Fair housing practices, particularly transparency in property listings, are critical to dismantling systemic barriers that have historically disadvantaged Hispanics and other marginalized communities."
About NAHREP: The nonprofit association, led by CEO Gary Acosta, is dedicated to "advancing sustainable homeownership for the Hispanic community in America." It has more than 40,000 members and 100 chapters across the country.
What NAHREP is saying about Clear Cooperation: The organization pointed out the impact of Latinos on homeownership in the United States, with 450,000 new households formed in 2023. But the benefits of the CCP extend beyond any one group, NAHREP said, adding:
"Ensuring consumers and agents have fair and transparent access to real estate information, including listings, is essential in addressing housing discrimination. Private listing networks (PLNs), which limit access to a select group of buyers, risk creating a two-tiered system that excludes underserved buyers, including Hispanics who have faced discrimination in the past."
"NAHREP believes such exclusionary practices not only hinder homeownership growth for Hispanic buyers but also contradict the principles of fair housing. Agents also need fair and transparent access to real estate listings to adequately serve homebuyers, including Hispanic homebuyers."
What others have been saying: Major players in the industry have taken opposing views on Clear Cooperation, with Compass CEO Robert Reffkin and Mauricio Umansky, founder and CEO of The Agency, advocating for an end to the policy. Leaders representing Zillow, eXp and Anywhere have spoken in favor of keeping the policy, in some cases with alterations.
What's next for the CCP: The future of the policy is in the hands of the NAR Leadership Team, with "no specific date" for resolution.