Above, from left top row, NextHome President James Dwiggins and RISMedia Founder and CEO John Featherston; bottom row, eXp CEO Leo Pareja When the leaders of eXp Realty and NextHome came together for an RISMedia Industry Briefing webinar to discuss the former acquiring the latter, the talking points with RISMedia Founder and CEO John Featherston…
With a 38-year history ranking residential real estate’s most successful U.S. brokerage firms, RISMedia’s annual Power Broker Report & Survey has had a front row seat to industry change, witnessing the various stages of the brokerage lifecycle—growth, acquisition, merger, rebrand, as well as shops closing up for good. The degree and pace of change in…
Antitrust has been a loaded topic in real estate since at least the commission lawsuits of the 2020s that alleged many foundational rules and practices in real estate violated antitrust laws, and the Department of Justice (DOJ) launching its own parallel inquiry. Now, federal agencies are looking to review and revise existing antitrust guidelines, the…
In a bold move that underscores deepening tensions between MLSs and major real estate portals, Realtracs—in an email sent to its members Wednesday morning—has announced that it intends to cut off Zillow’s access to its MLS data feed effective June 1. The decision comes after Zillow allegedly refused to comply with the new IDX display…
As if the usual residential real estate flashpoints of fluctuating interest rates, affordability and inventory issues in many parts of the country weren’t enough to worry about, now agents must keep a watchful eye on the potential effects of market interrupters such as the tensions in the Middle East and jobs-swallowing AI. Many experienced Realtors®…
Above, Brian Donnellan, left, and Brian Schneider In an op-ed published earlier this month, Brian Donnellan, CEO of Bright MLS, referred to much of the recent industry upheaval as “noise.” Partnerships, consolidations, new entrants—all things that “sidestep” issues that directly affect real estate professionals, he argued. Also in that op-ed, Donnellan revealed that Bright was…
Private listings and networks remain a hot-button issue in real estate, one where sharp lines are being drawn—with MLSs playing a critical role. Recently, Compass announced a partnership with Midwest Real Estate Data (MRED) to bring that MLS’s private listing network nationwide. Other MLSs, such as Tennessee’s Realtracs, have also gone national, even if the…
A federal judge in Chicago has granted preliminary approval to settlement agreements with more than 20 real estate companies in a major antitrust lawsuit filed by recent homebuyers challenging commission practices in the residential real estate market. On May 26, U.S. District Judge Lindsay C. Jenkins approved opt-in agreements in the case Tuccori v. At…
The “high-stakes” Chicago-based legal battle between Zillow, Midwest Real Estate Data (MRED) and Compass continued to evolve today as parties argued expectations about discovery and the path ahead for the case. Following a hearing last Friday where Judge John Tharp stepped between the parties in regard to the cut off of listing feeds from MRED…
Above, Jared Oliver Like most experienced residential real estate professionals, Jared Oliver knows his territory as well as—or better than—everyone. While he was surprised to learn that Zillow recently tabbed his core area, Jacksonville, Florida, as the best market for first-time buyers this spring, he certainly knew why. “It’s easily a third of the buyers…
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