If you’ve been searching for homes online lately, you may have noticed something strange: some listings appear on one website but not another. In cities like Chicago and Nashville, entire MLS feeds — the data pipelines that push home listings to sites like Zillow, Redfin, and Realtor.com — have been interrupted or pulled entirely. That’s not a glitch. It’s the result of a major dispute between Zillow, the National Association of Realtors (NAR), and CoStar over the Clear Cooperation Policy and exclusive listing agreements. And it has real implications for home buyers and sellers right here in Livermore, Pleasanton, Dublin, San Ramon, and the greater Tri-Valley real estate market.

We know this might sound like inside baseball. But we promise: this directly affects how you find a home, whether you’re seeing every option available to you, and how quickly sellers can reach the right buyers. So let’s break it all down — no jargon, no fluff.

MLS stands for Multiple Listing Service. Think of it as the master database of homes for sale in a given region. When an agent lists a home, they submit it to the MLS first. From there, that listing is shared with websites like Zillow, Redfin, Realtor.com, and thousands of other platforms so buyers can find it.

The MLS is, in many ways, the backbone of real estate. It exists to make sure every buyer sees every home, and every seller reaches every buyer. It levels the playing field. And for decades, it has worked remarkably well.

But right now, that system is under enormous strain.

There are two main conflicts happening simultaneously — and they’re tangled together:

The Two Core Disputes
  • Zillow vs. Exclusive Listings: Zillow announced it will not display any listing that isn’t publicly available on the MLS to all platforms equally. If a home is being marketed only on one website or “held back” for a period, Zillow will simply not show it. Zillow frames this as consumer protection: every buyer deserves to see every home.1
  • NAR’s Clear Cooperation Policy Under Attack: A National Association of Realtors (NAR) rule called Clear Cooperation requires agents to submit a new listing to the MLS within one business day of marketing it publicly. Some brokerages and regional MLS boards want to weaken or eliminate this rule, arguing sellers should have more control over where their home appears. Zillow has drawn a hard line opposing any weakening of it.2

What’s happened in Chicago and Nashville is that regional MLS boards, frustrated with Zillow’s enforcement, have had their listing feeds interrupted or pulled from the platform. The result: buyers using Zillow in those markets temporarily couldn’t see all available homes.3

That’s a real problem. And it’s a preview of what could happen elsewhere.

“Every buyer should see every home.”

Zillow wants all listings on all platforms simultaneously. They believe exclusive deals hurt consumers and benefit large brokerages. Their position is simple: list on the MLS or don’t appear on Zillow.1

Trying to find middle ground.

After a landmark lawsuit settlement in 2024 that changed how agent commissions work, NAR has been under immense pressure. They’ve proposed allowing sellers a short “delayed marketing” window, letting them choose to hold a listing back briefly. Zillow opposes this.2

“Exclusive inventory builds our platform.”

CoStar (which owns Homes.com) has been recruiting brokerages to list exclusively on their platform. This is the move Zillow is directly countering, and it’s what sparked much of the current tension.4

“The MLS is the agent’s greatest asset.”

KW, and Gary Keller personally, have been vocal that the MLS protects agents and consumers alike. KW built its own technology platform specifically to reduce dependence on third-party portals and has consistently supported keeping listings accessible to all.5

When you give your listing data to a portal without controlling the terms, you are funding your own competition. The MLS exists to level the playing field — for agents and for the people they serve.

Gary Keller — Keller Williams Founder, consistent position stated across Family Reunion keynotes and KW leadership communications

Gary Keller has been saying for years that portals like Zillow, while useful marketing channels, were never meant to become market makers. When Zillow tried to get into the home-buying business directly with “Zillow Offers” (they would buy your house directly), KW was among the loudest voices warning it would end badly for consumers. Zillow shuttered that program in 2021 at a massive financial loss.6 KW’s position on this current dispute is consistent with that long-held view: the MLS must remain the foundation of a fair market.

Here’s where this gets personal for our market. What happens in Chicago and Nashville doesn’t stay in Chicago and Nashville. Here’s what’s at stake for us in Livermore, Pleasanton, Dublin, San Ramon, and the surrounding Tri-Valley communities:

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Pocket listings are already a thing here

In competitive Bay Area submarkets like Pleasanton, South Livermore, and pockets of Dublin, off-market and pre-market deals have always been part of how homes change hands. If policies shift and more listings go exclusive, buyers without a well-connected agent could miss entire categories of homes before they ever appear on Zillow.

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What you see online may not be everything

If MLS feed disruptions spread, or if exclusive listing deals become more common, a buyer scrolling Zillow on a Sunday afternoon may be seeing only a fraction of what’s actually available. That’s a problem that hurts real people making real decisions.

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Sellers need maximum exposure

When a listing is held back from some platforms, it reaches fewer buyers. Fewer buyers means less competition, and less competition means potentially less money in the seller’s pocket. The MLS system, for all its imperfections, was built to maximize seller exposure and that matters at closing time.

Speed and transparency are everything here

Bay Area buyers are highly informed and move fast. When information is fragmented across platforms, buyers lose confidence and slow down — exactly the opposite of what a healthy Tri-Valley market needs, especially as we’re already navigating elevated rates and shifting inventory.

If you’re a buyer: Don’t rely on any single portal as your only source of homes. Zillow is a great starting point, but it’s not the whole picture, even in normal times. Working with a connected local agent who has direct MLS access and relationships that uncover off-market opportunities is more important today than it’s ever been.

If you’re a seller: Be cautious about any pitch that tells you keeping your listing “exclusive” to one platform is in your best interest. In most cases, especially in a market like ours, maximum MLS exposure is still your best path to the highest price. There may be rare situations where a brief pre-marketing period makes sense, but it should be a strategic choice, not a default.

For everyone: This industry debate is far from settled. NAR, regional MLS boards, and the major portals are still actively negotiating. What the rules look like in six months may be different from today. That’s exactly why having a trusted local advisor who is watching this closely matters so much right now.

The agents who will thrive through this are the ones who stay close to their clients, understand the full picture, and never let platform politics get in the way of someone’s best outcome. That’s always been our standard and it’s not changing now.

As of mid-2026, the situation is still evolving. Here’s what we know:

Current Status
  • Zillow’s policy requiring MLS-listed homes for display is active and enforced. Off-MLS listings will not appear on Zillow.
  • NAR’s Clear Cooperation Policy remains in place but continues to be debated. A proposed modification allowing a “delayed marketing exempt listing” period is still under review.
  • Chicago’s MRED and Nashville’s RealTracs have both experienced feed disruptions related to these policy tensions. Both markets saw reduced listing visibility on Zillow during those periods.
  • CoStar/Homes.com continues recruiting exclusive listing agreements from brokerages across the country.
  • Keller Williams, C.A.R. (California Association of Realtors), and CAR’s state affiliates are monitoring closely and have generally advocated for policies that protect seller choice while maintaining consumer access to full market inventory.
  • California’s own regulatory environment, which includes strong seller-choice protections, means any national policy changes may play out differently here than in other states.

Our Commitment to You

At The Arsondi Group, we’re proud to be part of the Keller Williams family, a brokerage that has consistently put agents and consumers first in this debate. We have full MLS access across the Tri-Valley and Bay Area, a Zillow Flex partnership that keeps us connected to serious buyers, and deep local relationships that surface opportunities before they ever hit a portal.

No matter how this industry debate unfolds, our job is the same: make sure you see everything, know everything, and make the decision that’s right for you. Not right for a platform’s business model.

Talk to Our Team

What is the MLS listing feed dispute between Zillow and NAR?

Zillow has announced it will not display any home listing that isn’t submitted to the MLS and made available to all platforms simultaneously. This conflicts with NAR’s proposed modification to the Clear Cooperation Policy, which would allow sellers a short delayed marketing window. Regional MLS boards in Chicago and Nashville have had their Zillow listing feeds interrupted as a result.

How does the MLS listing disruption affect Bay Area and Tri-Valley home buyers?

If MLS feed disruptions spread to the Bay Area, buyers relying solely on Zillow or Realtor.com could miss available homes entirely. In competitive Tri-Valley markets like Livermore, Pleasanton, Dublin, and San Ramon, working with a local agent who has full MLS access is more important than ever to ensure you see all available inventory.

What is NAR’s Clear Cooperation Policy?

The Clear Cooperation Policy is a National Association of Realtors rule requiring agents to submit a new listing to their regional MLS within one business day of publicly marketing the property. The rule ensures all buyers and agents have equal access to listings, preventing off-market arrangements that benefit only select buyers or platforms.

What is Keller Williams’ position on the Zillow and MLS dispute?

Keller Williams founder Gary Keller has consistently argued that the MLS is the real estate agent’s greatest competitive asset. KW built its own technology platform (Keller Cloud) to reduce dependence on third-party portals and has supported keeping all listings accessible to all platforms. KW’s position is that portals should be marketing channels, not market makers.

Are there pocket listings in Livermore and the Tri-Valley?

Yes. Off-market and pre-market deals have long been part of how homes change hands in competitive Bay Area submarkets including Pleasanton, South Livermore, and parts of Dublin. If national policies shift to allow more exclusive listings, buyers without a well-connected local agent could miss significant inventory before it appears on any public portal.

Should I rely on Zillow to search for homes in the Tri-Valley?

Zillow is a useful starting point, but it may not show every available home, especially as listing feed disputes continue. The most reliable way to see all inventory in Livermore, Pleasanton, Dublin, San Ramon, and surrounding Tri-Valley communities is to work directly with a local agent who has full MLS access.

Sources & References

  1. Zillow Group Policy Statement on MLS Listings — Zillow Group Newsroom, 2024–2025. Zillow announced it would not display listings not submitted to the MLS and available to all platforms simultaneously.
  2. National Association of Realtors, Clear Cooperation Policy — NAR.realtor. The rule requires MLS submission within one business day of public marketing. NAR’s proposed “Delayed Marketing Exempt Listing” modification was under review as of 2025.
  3. MRED (Midwest Real Estate Data) and RealTracs MLS feed disruptions — reported by Inman News, 2024–2025. Both regional MLS boards experienced Zillow feed interruptions related to listing policy disputes.
  4. CoStar Group / Homes.com exclusive listing recruitment — reported by Inman News and HousingWire, 2024–2025. CoStar has actively pursued exclusive inventory agreements with brokerages as part of its strategy to compete with Zillow.
  5. Gary Keller and Keller Williams position on MLS and portals — KWRI Newsroom; Gary Keller public statements at KW Family Reunion (2019–2025). KW has consistently positioned the MLS as central to agent and consumer protection.
  6. Zillow Offers closure — Zillow Group Newsroom, November 2021. Zillow announced it was shutting down its iBuying program after significant financial losses, citing difficulty in accurately pricing homes at scale.
  7. 2024 NAR Commission Lawsuit Settlement — NAR.realtor. A landmark settlement changed how buyer agent commissions are disclosed and negotiated, restructuring standard industry practices nationwide.
  8. California Association of Realtors (C.A.R.) policy positions — CAR.org. C.A.R. has generally advocated for seller choice with maintained consumer access to full market inventory in response to national MLS policy debates.