Compass International Holdings recently sent multiple MLSs a letter requesting that they exclude Compass listing and agent data from feeds provided to recruiting software vendors, as the mega-brokerage continues to lobby for significant changes to MLS policies. In the letter, Compass expressed issues with MLS data supplied to vendors including Courted, BrokerMetrics and Brokerkit, noting…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Chicago law firm gears up for Compass/MRED lawsuit A prolific class-action law firm, Hagens Berman, appears to be building a case against Compass and Midwest Real Estate Data (MRED) as they seek plaintiffs…
Last night’s ruling in Zillow’s lawsuit against Chicago-based MLS MRED and mega-brokerage Compass represented a significant legal setback for the portal, even as the larger fight over policy and market power plays out on multiple fronts. A source close to MRED told RISMedia shortly after the court ruling that the MLS is prepared to enforce…
Zillow and Compass are making headlines once again, potentially facing further complications due to a new letter signed by a coalition of leading consumer groups to the National Association of Attorneys General, calling for an investigation into the two company’s practices. The letter—penned by 19 consumer groups, including the Consumer Federation of America, the American…
A major ruling in the antitrust battle between Zillow and Midwest Real Estate Data (MRED) came down Tuesday night when Judge John Tharp in the Northern District of Illinois denied Zillow’s motion for a preliminary injunction, effectively making way for MRED to cut Zillow off from its feed and lifting a temporary restraining order that…
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Conflict between Zillow and Compass is escalating on a new front, as Zillow-owned portal StreetEasy recently introduced a brokerage cap that directly affects the mega-brokerage. The specialized New York City portal StreetEasy recently introduced a new cap to its Experts program—an invite-only lead generation program where buyers and sellers are connected to member agents—only allowing…
Historic New York City brokerage Warburg Realty is shifting brands again, only a matter of months after its previous move. Back in July the brokerage had shifted from the Coldwell Banker brand as Coldwell Banker Warburg to the Compass brand as Warburg at Compass—a lateral move of sorts due to Compass’s acquisition of Anywhere brands…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR said it will “suffer prejudice” without Umansky fraud documents The National Association of Realtors® (NAR) is continuing to spar with PLS.com Founder Mauricio Umansky in the listing startup’s lawsuit against the organization.…
In the wake of elevated mortgage rates and rising year-over-year inflation, homesellers are doing their best to stimulate buyer behavior and get their listings off the market. According to a recent report by Bright MLS Chief Economist Lisa Sturtevant, about 40.1% of market listings in the Mid-Atlantic region have had their prices reduced as of…
As the war over private listings intensifies, Zillow and Compass (among others) are using dueling data reports and starkly different methodologies to make their respective cases in the courtroom—and in the court of public opinion. On July 24, Compass reported that pre-marketed homes that started as Private Exclusives or Coming Soons sold for 4.6% more…
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