A federal judge handed the National Association of Realtors (NAR) a major legal win today, throwing out a lawsuit by two brokers and an agent in Michigan, who had claimed that rules restricting MLS access violated federal and state antitrust laws. Douglas Hardy, Glenn Champion and Dylan Trent filed the lawsuit all the way back…
So-called “premarket” listings appear to be the next big trend for the industry. Zillow’s recent pivot to host what are essentially “Coming Soon” properties (and a mad rush by brokers to strike deals with the portal or other consumer platforms) was an overwhelming affirmation that real estate believes that, to some degree, limited marketing options…
ARMLS (Arizona Regional Multiple Listing Service) has announced that shareholders and the board of directors have approved new corporate governance to shift from a primarily broker and agent-led board of directors to a group of non-competitor board members (e.g. not licensed to conduct real estate transactions in Arizona). The new structure forms a smaller board…
Above, Howard “Hoby” Hanna Amid the broader—and increasingly complex—debate over private listings, one of the more independent-minded independent brokerages announced this week that it is launching its own private network as a “strategic initiative,” balancing the demand for so-called “seller choice” with MLS policies the company has previously criticized. HannaList, announced this week by Howard…
BeachesMLS, operated by the Broward, Palm Beaches & St. Lucie Realtors® and the 10th largest MLS in the nation, has announced a technology upgrade to its MLS platform aimed at updating how real estate professionals create, manage and share listings across its marketplace. The upgrade includes changes to backend infrastructure intended to improve data consistency,…
REsides announced its third annual dividend payout, continuing distributions to shareholders under the company’s equity ownership MLS model. The REsides board of directors declared an annual cash dividend of $2.00 per share for Class A and Class B shareholders and $1.00 per share for Class C shareholders. The payment marks the third dividend issued since…
Above, Merri Jo Cowen After nearly two decades leading Stellar MLS, CEO Merri Jo Cowen is transitioning into a full-time leadership role at Universal Consulting Opportunities (UCO), the organization’s global MLS advisory subsidiary. Cowen will focus on expanding UCO’s international consulting efforts, working with real estate organizations to develop and modernize MLS systems and practices…
California Regional MLS (CRMLS) has announced that it is expanding access to RealReports, the property analysis platform powered by the latest AI, to all users at no additional cost. Previously, RealReports was available as an opt-in product for individual CRMLS Associations via the Product Co-Op, as stated by the MLS. After seeing such enthusiastic adoption…
Editor’s note: This is part two of a two-part story examining the impact of the Redfin-Compass deal. Read part one here. “Real estate isn’t a transaction. It’s a process.” Those words, from Compass CEO Robert Reffkin on the company’s recent earnings call, were in response to a question about how Compass agents can communicate value…
Editor’s note: This is part one of a two-part story examining the impact of the Redfin-Compass deal. Look for part two in the coming days. “The future is bright. Look forward to building it with you.” Those words, from Compass CEO Robert Reffkin to Rocket Companies CEO Varun Krishna, have a little bit of subtext.…
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