ERA Real Estate has named Eddie Wilder of ERA Wilder Realty in Columbia, South Carolina, as the first-ever recipient of its new Spirit of ERA Award. The award honors the legacy of Jeff Riber, who ERA said spent over 30 years with the brand, displaying dedication and passion, and leaving an impact still felt over…
An open letter directed to MLS providers by Compass, Redfin and Rocket Mortgage was made public last week. It represents a new low in disingenuous behavior. In it, they make an argument for “seller choice” in permitting sellers and their agents to withhold listings from MLSs so they can be introduced in “private listing” networks…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Hanna Holdings opts in to copycat buyer settlement Hanna Holdings has opted into a copycat buyer-broker commission settlement, even as litigation tied to the agreement continues to face challenges in federal court. In…
A federal judge dealt a significant blow to Washington-based Northwest Multiple Listing Service (NWMLS), refusing to throw out an antitrust lawsuit brought by the real estate giant Compass. In the 23-page order filed Thursday, U.S. District Judge Jamal N. Whitehead denied NWMLS’s motion to dismiss the lawsuit, ruling that Compass at this early stage, had…
As a cascade of “premarketing” partnerships and programs sweep through the industry, Compass International Holdings (CIH), Rocket and Redfin have sent out a letter asking MLSs to change their policies to support phased listing distribution and cease punishments on agents for “seller-directed marketing plans.” The letter, obtained by RISMedia, was seemingly shared with MLSs and…
Compass International Holdings announced on March 18 that Sue Yannaccone will serve as chief operating officer. In this new role, she will spearhead enterprise operations for the newly combined company, leading a cross-functional team to drive value for real estate professionals. She comes to the new position after serving as president and CEO of Anywhere…
The mad dash for premarket power is showing no signs of slowing, as mega-brokerage eXp announced that it is striking a listing partnership with Realtor.com®, Homes.com and ComeHome.com (HouseCanary’s portal in Google Search), just 24 hours after Zillow launched a similar partnership with five other big national companies. Starting next month, eXp agents will be…
There is a serious effort underway by Compass, the country’s largest real estate brokerage, that threatens transparency and access for everyone involved in the home-search process. They call it a Private Listing Network, insisting that limiting exposure of a home to a small internal audience will help fuel demand. In reality, this is a gimmick…
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Editor’s note: This is part one of a two-part story examining the impact of the Redfin-Compass deal. Look for part two in the coming days. “The future is bright. Look forward to building it with you.” Those words, from Compass CEO Robert Reffkin to Rocket Companies CEO Varun Krishna, have a little bit of subtext.…
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…
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