As the next heated step in its nationwide battle against MLS incumbents, Compass filed more than a dozen federal antitrust lawsuits against 15 MLSs today, carrying out a promised threat to take a bitter, long-running dispute over restrictions on off-MLS marketing to the courtroom. According to a release, Compass is accusing the MLSs in question…
The Council of Multiple Listing Services (CMLS) claims around 230 members—MLSs ranging in size from a couple hundred to over 100,000 members. As many in real estate are quick to point out, each serves a unique geography, and often has different structures, resources and goals—both a unique boon and a huge pitfall in the face…
The bidding war is over. Some of the decisions made are harder to undo. As an agent or broker, is it part of your professional obligation to discuss where the buyer might be in five years financially and family-wise? Probably, even if it might occasionally put them off a purchase. A recent survey of 1,000…
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Inflation picked up speed in October, as the latest Consumer Price Index (CPI) from the Bureau of Labor Statistics (BLS) accelerated faster than predictions from economists. The October CPI saw the all-items index grow 0.4%, a slight decrease from last month’s 0.6% rise, but “hotter than expected,” according to Navy Federal Chief Economist Heather Long.…
As Open Real Estate makes headlines around the future of listing flow and control, Compass CEO Robert Reffkin addressed the initiative in the company’s third quarter earnings call, saying Compass “welcome(s) this change.” Reffkin said that Open Real Estate’s plan “actually validates” Compass’s messaging over recent years, and he is “excited to see the four…
After the Real Brokerage completed its acquisition of RE/MAX Holdings this past August, the third quarter earnings for the company revealed a significant shift in revenue, sparked by AI investments and slight drops in agent retention. Tamir Poleg—Real REMAX chairman and CEO—started off the first earnings call for the combined companies, and expressed his confidence…
A midterm election that saw both historic turnout and spending ended with big wins for the Democratic party nearly across the board. While voters clearly went to the ballot box seeking change, can real estate expect the landslide result to boost a sluggish housing market, bring down rates or spark more regulatory scrutiny into housing…
In another big move for the company, Compass International Holdings has announced a merger with fintech company Rate to unite the two companies’ mortgage ventures—Guaranteed Rate Affinity and OriginPoint—under the OriginPoint brand, becoming a top 10 national mortgage lender, according to a release from the two companies Guaranteed Rate Affinity was founded in partnership with…
Lawmakers and advocates have made many attempts recently to address the affordability crisis that pervades the housing market—some more impactful than others. Legislative bodies have enacted laws addressing private listings, while President Donald Trump recently signed an executive order aimed at cutting costs for title and mortgage insurance and manufactured housing. In tomorrow’s general election,…
“Is Open Real Estate a national MLS?” That question, proffered by Open Real Estate itself on its website as soon as the initiative was launched, made it clear the founders—namely, AGNT (eXp and NextHome), HomeServices of America, Real REMAX Group and Keller Williams—knew that at least some in the industry would see that project in…
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