Washington’s law restricting private home listings took effect June 11—and both sides of the state’s high-profile fight over listing policy have very different takes on the new rules. Senate Bill 6091, signed in March, requires that any residential property publicly marketed in Washington be concurrently marketed to the general public and all real estate brokers. …
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…
Compass is pushing back hard against the Northwest Multiple Listing Service (NWMLS), arguing in a new court filing that its 3-Phased Marketing (3PM) strategy fully complies with Washington state’s incoming public marketing law—and that NWMLS’s counterclaims against the brokerage should be thrown out entirely. In a motion to dismiss filed April 23 in the U.S.…
In more news surrounding the hot topic of private listings, a Washington state bill designed to severely restrict private listings has been signed into law after passing both the Senate and the House earlier this year. The bill was proposed in the Senate back in January, with the goal of explicitly banning real estate brokers…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. HUD proposes eliminating a key fair housing rule On Wednesday, January 14, the Department of Housing and Urban Development (HUD) published a new rule proposal into the Federal Register that would change how the…
Private listings are at the center of one of the most headline-grabbing litigations in real estate right now. Compass has sued Zillow over its new “listing access standards” program, which removes listings not listed on MLSs within one business day of being publicly marketed from Zillow’s platform. While the Zillow and Compass litigation unfolds in…