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…
Above, Josh Jarboe, broker/owner of REMAX Empire Buyers in Kentucky Joe Hayden, in his recent op-ed, criticizes brokerages for innovating outside the MLS while simultaneously admitting sellers deserve choice and flexibility. You can’t have both. The market is evolving, and some brokers are uncomfortable because they can no longer control where consumers search, market and…
Above, Joe Hayden, Principal Broker, simpler.realestate Howard Hanna’s CEO Hoby Hanna published a recent op-ed in RISMedia titled, “The MLS is Not a Product. It’s Infrastructure.” I read it before my first coffee, and I agree with the central claim. I am writing this so I can add the part of the conversation that the…
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,…
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…
Above, Howard “Hoby” Hanna IV I have spent my career in this industry watching the Multiple Listing Service (MLS) do what it was designed to do: create a level playing field where brokers of every size, every model and every strategy can compete on merit. The MLS made that possible. It is the reason a…
The post Op-Ed: The MLS is Not a Product. It’s Infrastructure. appeared first on RISMedia.
Chicago-based MLS Midwest Real Estate Data (MRED) maintains a private listing network, which it has consistently defended even against pressure from other industry power players such as Zillow. Now, MRED’s private listing network is expanding outside Illinois, following an announcement on April 24 that the MLS is partnering with Compass to take its whole platform…
A little over a week after Zillow sought to clarify its discussions with Chicago-based Midwest Real Estate Data (MRED) over restrictions on private listings, the MLS appears to be digging in, as this week MRED CEO Rebecca Jensen sent an emotional open letter to members defending its private listing network against a “one-size-fits-all model.” With…
Less than a month ago, a federal judge handed the National Association of Realtors® (NAR) a major win; now that win will be reviewed by a higher court. Douglas Hardy, Glenn Champion and Dylan Tent are pressing forward with their antitrust challenge to NAR’s MLS policies, filing a Notice of Appeal just three weeks after…
The post Broker Plaintiffs Appeal MLS Membership Lawsuit Dismissal appeared first on RISMedia.
“I can prove anything by statistics except the truth.” That witticism, attributed to 19th century British orator and statesman George Canning, highlights something that remains extremely relevant today in the information age. While we have nearly unlimited access to data and analysis, they aren’t always—or perhaps often—leading us closer to the answers we seek. Case…
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