New York-based OneKey MLS joined California Regional Multiple Listing Service (CRMLS) as a plaintiff in its federal lawsuit against Compass Tuesday, with the MLSs filing an amended complaint in Manhattan federal court asking a federal judge to declare their “clear cooperation” rules lawful. The complaint escalates the MLSs’ legal fight with Compass, the nation’s largest…

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With less than two weeks until the midterm elections, the Trump Administration rolled out an executive order (EO) aimed at making some housing costs more affordable. The mortgage industry welcomed some of the proposals, such as mortgage insurance cancellation for homeowners and reducing interest rates on some federally backed loans, but the general feeling is…

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Above, from left: Michael Wurzer, Melissa King, Cameron Paine, Justin Landon, Garry Marsoubian. Photo by AJ Canaria. As the real estate industry continues to change, the role of the MLS is evolving right alongside it. Recent legal action, as six MLSs join together in a federal lawsuit against Compass and the mega-brokerage’s broader campaign to…

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Four brokerage giants are launching what they call “shared infrastructure” to keep listings shared broadly, seemingly in direct opposition to Compass and its campaign to undo cooperation-focused rules, in an initiative dubbed “Open Real Estate.” The four companies founding the initiative are Keller Williams, AGNT (parent of eXp and NextHome), HomeServices of America and Real…

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Pricing discussions with sellers is both an art and a science. Comparable listings data have always played a key role in determining asking price, as do algorithmic tools like automated valuation models (AVMs), but real estate agents say those values are a useful starting point—not a final valuation. That’s where their local knowledge about a…

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Real Estate Data Technologies, LLC (reData) announced that NTREIS has entered into an agreement for the reData Export software platform. NTREIS—an MLS covering Texas and Louisiana—serves more than 53,000 real estate professionals and will implement the reData Platform to provide a controlled access point for MLS data. According to a release, reData Export aims to…

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Above: Alex Vidal. Photo by AJ Canaria. Shortly after REMAX President Alex Vidal joined the brokerage after three years at ERA Real Estate, Compass—which now owns ERA—filed a lawsuit against Vidal for allegedly violating a non-compete agreement. Filed in Texas on Sept. 19, the case was recently moved to the Delaware Court of Chancery.  The…

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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…

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Orion Real Estate Data Exchange announced a strategic relationship with HUB International that will make dedicated insurance solutions available to MLS  organizations beyond Orion’s initial California, Nevada and Oregon footprint. Orion Real Estate Data Exchange—launched by MetroList, Northern Nevada Regional MLS and Oregon Data Share, LLC—was created to advance a more connected, data-informed real estate…

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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…

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