The easing of some housing regulations outlined in the recently passed 21st Century Road to Housing Act, combined with an effort to build new homes on the nation’s lot of empty building lots, could result in a meaningful improvement to the housing shortage, new research shows. According to a new study by Zillow, with the…
Compass targets Zillow with consumer ethics complaints in dozens of states Compass filed state-level ethics complaints on July 14 through 30 Realtor® associations, at least 50 MLSs and multiple real estate regulators across 26 states, targeting Zillow and focusing on allegedly misleading property designations on listings. A source with direct knowledge of the effort told…
In yet another major escalation in its effort to re-shape the foundations of real estate, Compass filed a cascade of state-level ethics complaints Tuesday through 30 Realtor associations, at least 50 MLSs and real estate regulators across 26 states, targeting Zillow and focusing on allegedly misleading property designations on listings. A source with direct knowledge…
In a supplemental post-hearing brief filed by defendants Midwest Real Estate Data (MRED) and Compass, the defendants argue that Zillow is not entitled to relief because “any harm, if it exists at all, is self-inflicted.” “If Zillow wants MRED’s feed, the ‘lifeblood’ of its business that it receives virtually for free, all Zillow has to…
A federal judge has denied a joint bid by the Federal Trade Commission (FTC) and a coalition of states to win early rulings on core questions in their antitrust case against Zillow and Redfin—leaving disputes over how the market is defined and whether the companies’ $100 million deal is illegal to be resolved at trial.…
With so much going on across the industry as it relates to AI, private listings and MLSs, Donny Samson points to gathering with other industry leaders as one of the key benefits associated with attending Zillow’s Industry Forum—an invite-only event where brokers, MLS executives and franchisor leaders recently came together to discuss where the industry…
Zillow has launched Zillow Pro℠, its premium membership for real estate agents that provides exclusive tools built to help create more personalized client experiences. Through the new membership, agents are able to invite buyers and sellers into their network to collaborate with them on Zillow, giving agents visibility into their Zillow activity and tools 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. Zillow iBuyer lawsuit requests new trial date A lawsuit by Zillow shareholders accusing the portal of “misleading” statements related to its short-lived iBuying business is aiming for a new trial date, with a…
CHICAGO—The CEOs of Compass and Midwest Real Estate Data (MRED) each testified Thursday, July 2 that Zillow executives threatened them directly over their companies’ resistance to its listing access standards, with MRED CEO Rebecca Jensen recounting a Zillow executive’s warning that she could expect her “phone to be dumped” and all of her “text messages…
Above, the Everett McKinley Dirksen Courthouse in Chicago where the hearing is taking place. Photo by Clarissa Garza. CHICAGO—Zillow, Midwest Real Estate Data (MRED) and Compass squared off in a Chicago courtroom Wednesday in a preliminary injunction hearing, kicking off two days of testimony, where a federal judge will decide whether Zillow can continue banning…
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