The Council of Multiple Listing Services (CMLS) claims around 230 members—MLSs ranging in size from a couple hundred to over 100,000 members. As many in real estate are quick to point out, each serves a unique geography, and often has different structures, resources and goals—both a unique boon and a huge pitfall in the face…
In the face of a rapid and accelerating shift in the MLS landscape, the National Association of Realtors® (NAR) announced today that it is introducing two new optional MLS policies, focused on topics at the forefront of the ongoing debate—namely, data and membership—along with tweaks to MLS committee eligibility and a new policy statement. According…
Open Real Estate, the national initiative launched by big brokerage leaders last week that has promised to create a shared “infrastructure” for property listing data, today announced it has received 826 letters of support from real estate brokerage leaders. Behind the strength—and size—of its four founding brokerages (HomeServices of America, AGNT, Keller Williams and Real…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. NAR wants Compass’s data and depositions on private listings, CCP Compass is not directly involved in a long-running lawsuit filed by the now-defunct PLS.com, which sued the National Association of Realtors® (NAR) and…
Four brokerage giants are launching what they call “shared infrastructure” to keep listings shared broadly, seemingly in direct opposition to Compass and its campaign to undo cooperation-focused rules, in an initiative dubbed “Open Real Estate.” The four companies founding the initiative are Keller Williams, AGNT (parent of eXp and NextHome), HomeServices of America and Real…
Three separate federal lawsuits involving Compass and seven different MLSs are now making their way through the (often slow-moving) civil litigation process, marking a clear new level of conflict between incumbents defending long-running industry practices and deep-pocketed disruptors with new priorities. The confrontation comes after more than a year of fast-escalating tensions, in which the…
Outspoken independent broker Anthony Lamacchia, who has never hesitated to share opinions and engage on hot industry topics, has been relatively quiet (at least by his standards) on the current industrywide debate over listing policies. Until now. In a 13-minute video posted to his coaching YouTube channel on Oct. 19, Lamacchia excoriated Compass’s focus on…
A third MLS today publicly rejected threats from Compass over listing rules, as New York-based OneKey MLS joined CRMLS in California and Unlock MLS in Texas in refusing to change policies despite significant back-channel pressure and legal threats from the mega-brokerage. In a release early this morning, OneKey CEO Richard Haggerty said the MLS would…
In an entirely expected move last Friday, Oct. 16, Compass filed a federal antitrust lawsuit against California-based CRMLS, asking a judge to prevent the MLS from enforcing its “mandatory submission” policies that the brokerage argues violates antitrust policies. As it has continued to campaign for changes to certain MLS policies, a Compass spokesperson told RISMedia…
Iowa-based NoCoast MLS and Chicagoland MLS MRED today announced a new partnership that they say will further connect real estate professionals throughout the Midwest, as MRED continues to pursue a national (and potentially international) expansion of its platform. Created by Iowa REALTORS®, NoCoast MLS serves approximately 1,300 real estate professionals through five participating REALTOR® associations…
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