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…
Zillow is asking a federal judge for emergency relief after Chicago’s dominant MLS, Midwest Real Estate Data (MRED), cut off access to more than 30,000 residential listings, a move the online real estate platform characterizes as an illegal retaliation orchestrated with competitor Compass. In a motion May 21 in the U.S. District Court for 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. Zillow sues Compass, MRED; Claims Compass engaging in “illegal conspiracy” On May 12, Zillow filed a federal lawsuit, claiming that, early this month, Chicago-based MLS MRED “demanded that Zillow reinstate Compass private listings…
In a court filing in federal court in Washington on Sunday, May 17, Northwest MLS (NWMLS) is accusing mega-brokerage Compass of promising, then failing to produce documents, datasets and communications in a lawsuit over private listing rules, as both parties have accused each other of anti-competitive practices. The lawsuit, filed by Compass a little over…
In the wake of the news that MLSs Midwest Real Estate Data (MRED) and Realtracs were partnering with Compass (additionally with United Real Estate for Realtracs) to take their platforms nationwide, the industry has been buzzing. The potential of further nationwide MLSs and the expansion of pre-marketed listings has been one of hottest topics. Now,…
Here, RISMedia CEO John Featherston talks about the continuing shifts, trends and battles ongoing in the industry, highlighted in three must-read stories: – Howard Hanna CEO Hoby Hanna’s outspoken op-ed on MLS governance – A data-ownership-driven partnership between HomeServices and Cotality – Zillow’s new lawsuit against Compass and MRED alleging ‘conspiracy’ to hoard listings. “Whether…
Above: CRMLS CEO Art Carter Back in 2020, the Clear Cooperation Policy (CCP)—compelling agents to submit properties to the MLS within one day of public marketing—recieved immediate pushback. But the headlines mostly centered on the reactions of ostensible outsiders, including listing startups that filed lawsuits and antitrust law enforcement that flagged the policy as potentially…
Rocket Companies delivered a resounding first quarter showing strong execution despite market volatility, signaling that the company’s three-year transformation into a fully integrated homeownership platform is creating durable competitive advantages that competitors will struggle to replicate. During Rocket Companies’ Q1 earnings call Thursday, CEO Varun Krishna outlined three core themes for the quarter. “First, we…
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…
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