Florida-based Real Brokerage, like many other big players in the industry, is seeking to grow through acquisition. Its deal to purchase REMAX, announced in the spring, was part of a larger trend of big brokerages consolidating in the face of a challenging market and an uncertain policy landscape. But unlike many of its rivals, Real…
In his continued movement of expanding seller choice across real estate, Compass CEO Robert Reffkin said he expects “more than 90% of MLSs to have rules that allow sellers to market both Private Exclusives and Coming Soons by the end of the year” during the company’s recent Q2 earnings call. In presenting to investors, Reffkin…
Zillow has laid off 500 employees—about 7% of the portal’s 7,000 employees—in order to ensure a “disciplined cost structure” across the portal, according to an announcement by CEO Jeremy Wacksman today. In a blog post attributed to Wacksman, ahead of Wednesday’s Q2 2026 earnings release and investor call, the Zillow CEO described these “organizational changes”…
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 class-action claims dismissed (for now) Judge James Robart of the federal Western District of Washington wrote in a 32-page order last week that a lawsuit filed by homebuyers against Zillow failed to…
Four retired federal judges are formally protesting the procedure by which the National Association of Realtors® (NAR) and other big brokerages, including Anywhere, settled the buyer commission cases, saying that the practice will encourage “forum-shopping” by class-action defendants. In a 22-page letter, known as an amicus curiae brief, Diane Wood, David Coar, G. Patrick Murphy…
Inflation cooled in June according to the latest data from the Bureau of Economic Analysis (BEA), meeting economists’ expectations for the month. However, the trend may not continue as the Iranian conflict persists. The Personal Consumption Expenditures (PCE) price index slipped 0.1% month-over-month in June, a reversal of the 0.7% jump seen in May. This…
After recently aligning with REMAX in June for its first major coup, the American Real Estate Association (ARA) announced on July 28 that Compass International Holdings has officially joined the organization. As with REMAX, agents affiliated with Compass’s portfolio of brands will have the choice to become members of ARA. This landmark move gives agents…
Above, Steve Mapes Bright MLS has announced that Steve Mapes has joined the company as Executive Vice President of Growth & Strategy, a new leadership role focused on expanding Bright’s market presence and accelerating the company’s long-term growth strategy. Mapes joins Bright from First MLS (FMLS), according to a release, where he served as Chief…
The battle over private listings is playing out nearly everywhere—from statehouses and courthouses to brokerage offices and Wall Street boardrooms. As opponents and supporters of the practice make their cases, the debate looks vastly different depending on the venue. But one tool that is nearly always effective is data. And as the practice draws more…
Zillow research released in May found that home sellers lost a combined $1.49 billion to same-agent dual agency and $1.36 billion to off-MLS listings between 2023 and 2025, based on an analysis of more than 15 million transactions. Two sources with no role in the study—a Chicago broker/owner and a real estate economist—reviewed the findings…
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