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…
Real estate’s biggest name is struggling, just like everyone else, but company leadership is promising that it—and the industry—have ways to hang on amid a tech revolution, a sluggish market and legal woes the company claims are in the past now. Speaking to investors after reporting earnings for Q3 2026, Zillow CEO Jeremy Wacksman said…
After just under five years of litigation, Zillow announced today that it is paying out over $210 million to shareholders who claimed the company misrepresented the company’s ability to predict and profit from flipping homes at the height of the pandemic boom market, resulting in significant losses for the company. “We are incredibly pleased to…
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…
Compass and multiple top executives are facing a class-action lawsuit from an Anywhere stockholder focused on the merger between the two companies, with the plaintiff claiming that back-channel efforts to get the deal approved created risk for the company and misled investors. Filed late last week in federal court in New York City, the lawsuit…
Only a few months after making headlines across both trade and mainstream media for a Google partnership described as potentially transformative for real estate, housing data firm HouseCanary filed Chapter 11 on September 22, as the company seemingly navigates a messy decades-long court fight. In a hearing on September 24 in U.S. Bankruptcy Court for…
Amid the evolving arms race for inventory, and policy disputes focused on listing access, Compass today launched what it is calling a website “redesign,” bringing a huge amount of “Coming Soon” listings from all its brands together in one place. Dubbed “See It First,” the mega-brokerage is pitching the new format as a way to…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Realtor® association, board sued over MLS merger A handful of Louisiana brokers are suing their local Realtor® association and its board over a recently approved consolidation with ROAM MLS, seeking to remove the…
A lawsuit filed earlier month is alleging that a top agent for real estate startup Side illegally operated as a lawyer in order to secure listing contracts, further claiming that this “ongoing and systematic” practice represents a failure by Side in its legal, supervisory responsibilities. The lawsuit was filed by a debt collector named Green…
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