The industry is two years post the historic outcome of the Burnett trial, and more than one year post-practice changes from the National Association of Realtors® (NAR), but the conversations surrounding commissions and compensation have yet to cease. Many could not agree a year ago how the changes in policy (i.e., the requirement of broker-buyer…
In a switch-up from the company’s previous stance, CoStar has filed an agreement to move its copyright infringement lawsuit against Zillow to Seattle, Washington. In a notice of non-opposition filed Dec. 2, CoStar stated it agrees to transfer the case to the Western District of Washington “in light of new information disclosed by Zillow in…
The glum news stories seem endless…14,000 employees laid off from Amazon, 48,000 gone at UPS, and even with the government shutdown finally over, thousands of federal workers have been cut. The cruelest aspect is that so many of those folks who suddenly find themselves on unemployment were doing well at their jobs. What’s worse is…
The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Lawsuits against Zillow and Redfin consolidated A partnership between Zillow and Redfin has come under litigation, with both the Federal Trade Commission (FTC) and subsequently five state attorneys general filing to block the partnership on…
Midwest Real Estate Data (MRED), which claims almost 50,000 members in the Chicago region, has issued a forceful public rebuttal to Zillow’s recent study alleging that private listings in Chicago reinforce housing segregation, pointing to internal Zillow documents as it argues the portal giant’s criticism may be driven more by business strategy than consumer protection.…
NEW YORK CITY—U.S. District Judge Jeannette Vargas heard closing arguments Friday, Nov. 21, capping off a weeklong hearing between real estate giants Zillow and Compass. At the heart of the case is Compass’s Three-Phased Marketing (3-PM) Strategy, which allows homesellers to market properties privately before listing them publicly on the Multiple Listing Service (MLS) and…
With Compass and Zillow locked into a high-stakes fight over listing restrictions and market power, company executives testified in federal court for the third day yesterday as Compass leadership addressed the specifics of its private listing-focused strategy, from alleged harm to its business from the Zillow rules, to how it communicated with agents. The trial—officially…
After the National Association of Realtors® (NAR) made comprehensive updates to MLS policies—saying that most are meant to “modernize” and remove “outdated practices”—brokers who are currently suing NAR are citing the changes as an acknowledgment that these policies ran afoul of the law. In a court filing yesterday, lawyers representing three real estate professionals in…
AI has entered the real estate chat—and it doesn’t appear to be going anywhere anytime soon. While some say the AI bubble may burst in the next year or two, that’s not the feeling you get perusing real estate tradeshow exhibit halls where vendors pitch AI solutions for just about everything. Whether it’s the promise…
HOUSTON—The National Association of Realtors® (NAR) wrapped up its annual conference Monday with the Board of Directors (BOD) approving sweeping policy changes, many explicitly as part of an “antitrust risk assessment” effort. Most notably, the association, today, announced the approval of 18 comprehensive updates to the Multiple Listing Service (MLS) Handbook, constituting the most extensive…
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