As Open Real Estate makes headlines around the future of listing flow and control, Compass CEO Robert Reffkin addressed the initiative in the company’s third quarter earnings call, saying Compass “welcome(s) this change.” Reffkin said that Open Real Estate’s plan “actually validates” Compass’s messaging over recent years, and he is “excited to see the four…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass sues CRMLS over “mandatory submission” policies Shortly after the MLS filed its own suit against the brokerage, Compass has now filed a lawsuit against California-based CRMLS, asking a judge to prevent the…
Discount brokerage Homie Technology, Inc.’s appeal to reverse the dismissal of its lawsuit against the National Association of Realtors® (NAR)—as well as Anywhere, REMAX, Keller Williams and HomeServices of America—has been dismissed. The U.S. Court of Appeals for the Tenth Circuit issued its judgement Tuesday, dismissing the appeal, with the Circuit judges stating in the…
With a 38-year history ranking residential real estate’s most successful U.S. brokerage firms, RISMedia’s annual Power Broker Report & Survey has had a front row seat to industry change, witnessing the various stages of the brokerage lifecycle—growth, acquisition, merger, rebrand, as well as shops closing up for good. The degree and pace of change in…
Compass remains in headlines this week as CEO Robert Reffkin addressed the industry’s “shifting stance on phased marketing” in the company’s recent Q1 2026 earnings call, as the brokerage touts new synergies and business growth from its recent acquisitions. Speaking to investors, Reffkin said that he and other Compass executives are “pleased to see several…
The headlines about the real estate industry are everywhere. Compass acquired Anywhere Real Estate to create the largest real estate company by agent count. Zillow and Compass are locked in a Goliath-versus-Goliath legal battle over private listings. A wave of RESPA-related lawsuits alleges undisclosed referral kickbacks between real estate agents and mortgage companies. And then…
Plaintiffs in the largest buyer commission case (known as Batton) filed a motion to intervene Monday in a smaller commission case, Tuccori v. At World Properties, seeking to block preliminary approval of a proposed opt-in settlement by Anywhere Real Estate (a defendant in Batton) that they say would extinguish five years of homebuyer antitrust litigation…
Ryan Schneider, the CEO who guided Anywhere Real Estate through significant industry challenges and strategic repositioning, has departed the company per an agreement set as part of its acquisition by Compass in January. The move was not publicly announced by Anywhere, but Schneider updated his LinkedIn profile to reflect his January exit. Anywhere’s chief technology…
Keller Williams Realty, LLC has agreed to pay $20 million to settle a class-action lawsuit brought by homebuyers alleging a decades-long conspiracy to fix real estate broker commissions and inflate home prices, according to court documents filed Feb. 2 in the U.S. District Court for the Northern District of Illinois. The settlement provides monetary compensation…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass closes Anywhere acquisition In a regulatory filing on Jan. 9, Compass announced that its merger with Anywhere Real Estate was officially closed. The deal has faced much scrutiny from the real estate…
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