Northwest MLS (NWMLS) on Thursday, defended its countersuit against Compass in the Western District of Washington, urging Judge Jamal N. Whitehead to allow the MLS’s fraud, Consumer Protection Act and tortious interference claims to proceed against the mega-brokerage in a high-profile battle over MLS policies that is likely to reverberate across the industry. Responding to…
Washington’s law restricting private home listings took effect June 11—and both sides of the state’s high-profile fight over listing policy have very different takes on the new rules. Senate Bill 6091, signed in March, requires that any residential property publicly marketed in Washington be concurrently marketed to the general public and all real estate brokers. …
CoStar has filed an amicus brief—a brief filed by a non-party, or a “friend of the court”— urging a federal judge to deny Zillow’s effort to block Midwest Real Estate Data (MRED) and Compass from cutting off its listing feed, arguing the portal giant is seeking court-ordered access to MLS listings while hoarding its own…
The June 8 deadline for Zillow to fall in line with Realtracs’s updated listing rules came and went on Monday, with no immediate disruption or impact on listings. Rather than suspend Zillow’s access to its MLS data feed as it had threatened, Realtracs said negotiations with the portal remain active and will continue beyond the…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. New York Attorney General investigating Compass over antitrust concerns The antitrust division of New York Attorney General Letitia James’s office is reportedly looking into Compass’s dominance in the New York residential market, and…
Above, Rachel Glazer Brown Harris Stevens announces that top-producing luxury broker Rachel Glazer has rejoined the firm from Compass alongside her team, marking a return to the brokerage where she previously spent 12 years building one of New York City’s top luxury real estate businesses. Glazer and her team closed more than $119 million in…
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…
In a bold move that underscores deepening tensions between MLSs and major real estate portals, Realtracs—in an email sent to its members Wednesday morning—has announced that it intends to cut off Zillow’s access to its MLS data feed effective June 1. The decision comes after Zillow allegedly refused to comply with the new IDX display…
A federal judge in Chicago has granted preliminary approval to settlement agreements with more than 20 real estate companies in a major antitrust lawsuit filed by recent homebuyers challenging commission practices in the residential real estate market. On May 26, U.S. District Judge Lindsay C. Jenkins approved opt-in agreements in the case Tuccori v. At…
The “high-stakes” Chicago-based legal battle between Zillow, Midwest Real Estate Data (MRED) and Compass continued to evolve today as parties argued expectations about discovery and the path ahead for the case. Following a hearing last Friday where Judge John Tharp stepped between the parties in regard to the cut off of listing feeds from MRED…
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