In a statement released this morning, the National Association of Realtors® (NAR) appeared to defer on the question of whether Zillow’s new ChatGPT app complies with MLS policies regarding use and display of data, as real estate continues to grapple with big questions around AI technology. “For enforcement, each MLS is individually responsible for conducting…
Above, the Ben Affleck/Jennifer Lopez estate for sale, and luxury agent Shauna Walters If there was one thing Ben Affleck and J.Lo knew for sure when they moved into their $60 million, 38,000-square-foot love nest back in 2022, it was that neither would ever have to wait to use the bathroom. How could they, considering…
Above, Art Carter The following is an open letter from Art Carter, CEO of California Regional MLS (CRMLS) to Compass CEO Robert Reffkin regarding Reffkin’s recent statement on social media claiming CRMLS’s end user license agreement forces agents to surrender ownership of content, which RISMedia covered Oct. 14. Okay, Mr. Reffkin, you got some people’s…
In a hearing today for the copyright lawsuit filed by CoStar against Zillow, Judge Edgardo Ramos of the Southern District of New York ordered both parties to submit more detailed arguments regarding the proper venue for the lawsuit, with CoStar previewing how it will allege Zillow is responsible for what the company claimed “may be…
Above: Walther Vasquez Johnson, an agent with Sterling, Virginia’s J&C Real Estate Solutions, is RISMedia’s 2025 Rookie of the Year winner. Photos by AJ Canaria. Behind many a successful real estate agent is the story of what might have been. A fork in the road that could have resulted in a very different outcome. In…
Federal Reserve Governor Michael S. Barr warned Thursday that the central bank’s battle against inflation is far from over, with price pressures expected to persist until 2027, as rising tariffs continue to ripple across the economy. Speaking at the Economic Club of Minnesota, Barr said the Federal Reserve continues to face elevated risks on both…
The post-settlement period in real estate might be remembered as the era of consolidation, at least based on 2025’s headlines. Along with many smaller buyouts, the purchase of consumer portal and discount brokerage Redfin by mortgage giant Rocket, and Compass’s (still pending) deal to take over Anywhere are somewhat unprecedented, at least since the post-Great…
Yesterday, federal Judge Jeannette Vargas of the Southern District of New York ruled on a petition by Zillow regarding the deal for Anywhere, allowing the portal giant to examine documents and communications in an attempt to determine if Compass misrepresented its reliance on private listings. Vargas denied a request by Zillow to question Compass CEO…
There are few real estate luminaries who can claim careers as storied as Bob Hale, CEO of the Houston Association of Realtors® (HAR), who this past weekend marked a 37-year career leading one of the nation’s most influential associations and MLSs. Hale, who announced his retirement in early 2024, is stepping down at the end…
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