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The high-stakes battle over private pocket listings is officially moving out of local MLS boardrooms and straight into state license law. Lawmakers are finally stepping in to tear down corporate walled gardens.

You might think the battle over 'who gets to see the house first' started with the internet, but it's nothing new. From the 'Runners' of 1885 to the digital gatekeepers of today, history is repeating itself. Are we innovating, or are we just rebuilding the exclusionary practices we spent decades dismantling?

The Shadow Market is closing. New laws in Washington and Oregon just banned pocket listings and put a 90-day wait on institutional investors. Here’s what every broker needs to know about the new rules of engagement.