The National Association of Realtors® (NAR) may spend the holidays in court, as the association is being accused of failing to pay a former employee promised retirement based on the financial strain of previous legal issues. John Pierpoint—NAR’s former and long-time chief financial officer, who was succeeded by Matthew Cendella in 2025—filed a lawsuit against…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Tuccori settlement on hold after judge request The approval of settlement agreements with more than 20 real estate companies in a major antitrust lawsuit filed by recent homebuyers challenging commission practices in the…
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…
New York-based OneKey MLS joined California Regional Multiple Listing Service (CRMLS) as a plaintiff in its federal lawsuit against Compass Tuesday, with the MLSs filing an amended complaint in Manhattan federal court asking a federal judge to declare their “clear cooperation” rules lawful. The complaint escalates the MLSs’ legal fight with Compass, the nation’s largest…
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…
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…
Above: Alex Vidal. Photo by AJ Canaria. Shortly after REMAX President Alex Vidal joined the brokerage after three years at ERA Real Estate, Compass—which now owns ERA—filed a lawsuit against Vidal for allegedly violating a non-compete agreement. Filed in Texas on Sept. 19, the case was recently moved to the Delaware Court of Chancery. The…
After three years, a closely watched lawsuit centered on alleged sex trafficking and assaults at eXp events reached a settlement, just a few days after the trial began. The lawsuit, filed by eXp agent Anya Roberts against two former eXp recruiters—David Golden and Michael Bjorkman—reached a confidential settlement, according to court filings, two days into…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Compass sues CRMLS over “mandatory submission” policies Shortly after the MLS filed its own suit against the brokerage, Compass has now filed a lawsuit against California-based CRMLS, asking a judge to prevent the…
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…
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