Outspoken independent broker Anthony Lamacchia, who has never hesitated to share opinions and engage on hot industry topics, has been relatively quiet (at least by his standards) on the current industrywide debate over listing policies. Until now. In a 13-minute video posted to his coaching YouTube channel on Oct. 19, Lamacchia excoriated Compass’s focus on…
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…
A third MLS today publicly rejected threats from Compass over listing rules, as New York-based OneKey MLS joined CRMLS in California and Unlock MLS in Texas in refusing to change policies despite significant back-channel pressure and legal threats from the mega-brokerage. In a release early this morning, OneKey CEO Richard Haggerty said the MLS would…
In an entirely expected move last Friday, Oct. 16, Compass filed a federal antitrust lawsuit against California-based CRMLS, asking a judge to prevent the MLS from enforcing its “mandatory submission” policies that the brokerage argues violates antitrust policies. As it has continued to campaign for changes to certain MLS policies, a Compass spokesperson told RISMedia…
Compass and multiple top executives are facing a class-action lawsuit from an Anywhere stockholder focused on the merger between the two companies, with the plaintiff claiming that back-channel efforts to get the deal approved created risk for the company and misled investors. Filed late last week in federal court in New York City, the lawsuit…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow pleas fall on deaf ears On Oct. 5, the U.S. Supreme Court officially declined Zillow’s appeal to hear a class-action shareholder lawsuit, formally known as Jaeger v. Zillow Group Inc. In the…
Above, Sue Yannaccone. Photo by AJ Canaria WASHINGTON, D.C.—Compass International Holdings (CIH) COO Sue Yannaccone has been through a pretty big transition. Serving as president and CEO of Anywhere Brands for six years, she is now leading operations for the largest real estate brokerage in the world, as it seeks to reshape the industry on…
It’s the invisible backbone that powers consumer access to real estate listing data. But, oftentimes, the Multiple Listing Service (MLS) and its interests get overlooked amid bitter legal battles over broker cooperation rules and intense debates over AI and listing data control. But Jessica Edgerton, the new CEO of the Council of Multiple Listing Services…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Better drops challenge against Vishal Garg The Better Home & Finance Holding Company (commonly known as Better) announced in an Oct. 5 press release that their Special Committee withdrew its challenge to the…
Above, NextHome President James Dwiggins at RISMedia’s 38th Annual CEO & Leadership Exchange. Photo by AJ Canaria. WASHINGTON, D.C.—Real estate has always been a competitive industry, but other brokers aren’t your biggest threat. That’s according to panelists at RISMedia’s 38th Annual CEO & Leadership Exchange who sounded the alarm that decision-makers should direct their energy…
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