Real Estate & Home

New York Poised To Ban Private Listings as More States Crack Down

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New York state is moving to ban private real estate listings through the Fair and Transparent Real Estate Listing Act, requiring agents to market properties on publicly accessible platforms. This legislation is a significant development for proptech developers and data scientists who rely on open market transparency to build accurate valuation models and search tools. The industry should watch for similar legislative trends in Illinois and Hawaii as states attempt to mitigate housing discrimination and price suppression.

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