The Corcoran Group, one of the biggest residential brokerages in the New York City area, sent us an email today in response to a question over whether it would participate in the Real Estate Board of New York's new free online home-listings portal, which launches Friday.
The Corcoran Group is a proud member of the Real Estate Board of New York. We applaud the effort to create a public portal as we think it will enhance the exposure of many of REBNY’s members. At this time, Corcoran has chosen to continue to focus its efforts on our own website, www.corcoran.com. However, we have not excluded the possibility of future participation in the REBNY website.
So, Corcoran's out for now. (The Times reported in April that both Corcoran and archrival–and similarly mammoth–Prudential Douglas Elliman would both opt out of the REBNY portal. We haven't heard back yet from Elliman about whether this is still the case.)