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…