Brown Harris Stevens CEO Bess Freedman on Why Private Listings Hurt Everyone

On this episode of Closed!, recorded live at The Real Deal Forum, Lee and Mike sit down with Bess Freedman, CEO of Brown Harris Stevens, one of the most prominent privately held real estate firms in the country, to discuss one of the most contested debates in residential real estate right now: private listing networks.Bess brings decades of perspective to the conversation, from her early days as an assistant state's attorney and legal aid lawyer to leading one of New York's most storied brokerages. She breaks down exactly what private listing networks are, why she believes they hurt sellers and buyers alike, and why Brown Harris Stevens has chosen not to play the game despite having the network size to do so.She also shares her thoughts on price discovery, fiduciary duty, the states already moving to outlaw the practice, and why she thinks the whole thing is, in her words, a bunch of malarkey.If you work in residential real estate or are thinking about buying or selling a home, this one is essential listening.To learn more about Brown Harris Stevens, visit bhsusa.com, and as always, to learn more about Lee, Mike, and BFKP, visit bfkplaw.com. To find out more about Bergstein Flynn Knowlton & Pollina PLLC, visit our website at bfkplaw.com. Hosted on Acast. See acast.com/privacy for more information.