> Why hasn't an alternative emerged? To my understanding, mostly because the MLS services are owned by realtor associations, and the current model of how they

> Why hasn't an alternative emerged? To my understanding, mostly because the MLS services are owned by realtor associations, and the current model of how they work is highly lucrative to the industry, so they're incentivized to push back on any sort of competition. This is partly through regulatory capture: real estate organizations lobbied state governments to set licensing requirements for who can actually be involved in the real estate market, and only licensed realtors are allowed to access the MLS. There are two major class-action lawsuits currently underway that challenge this: https://www.businessinsider.com/real-estate-agents-lawsuits-buy-sell-homes-forever-housing-market-2023-6 https://www.businessinsider.com/real-estate-agents-lawsuits-...