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…
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 defends Compass subpoena in private listing lawsuit The latest dust-up in the battle between now defunct PLS.com and the National Association of Realtors® (NAR) continues, as both parties await a judge’s decision…
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…
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 pleas fall on deaf ears On Oct. 5, the U.S. Supreme Court officially declined Zillow’s appeal to hear a class-action shareholder lawsuit, formally known as Jaeger v. Zillow Group Inc. In the…
Iowa-based NoCoast MLS and Chicagoland MLS MRED today announced a new partnership that they say will further connect real estate professionals throughout the Midwest, as MRED continues to pursue a national (and potentially international) expansion of its platform. Created by Iowa REALTORS®, NoCoast MLS serves approximately 1,300 real estate professionals through five participating REALTOR® associations…
Last night’s ruling in Zillow’s lawsuit against Chicago-based MLS MRED and mega-brokerage Compass represented a significant legal setback for the portal, even as the larger fight over policy and market power plays out on multiple fronts. A source close to MRED told RISMedia shortly after the court ruling that the MLS is prepared to enforce…
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…
Minutes before a high-stakes trial was about to begin, the Federal Trade Commission (FTC) announced that Zillow has agreed to “unwind” its $100 million partnership with Redfin in the rental listing market, after it accused Zillow of an unlawful buy-out to decrease competition for rental listings. Redfin will be required to re-start its rental business…
Editor’s note: after this story published, Zillow and Redfin struck an agreement with the FTC to avoid trial, amending or unwinding significant portions of their partnership. Read the full story here. At 10 a.m. Eastern Time on Monday, August 24, portal rivals Zillow and Redfin will face a judge in Virginia federal court, and defend…
The private listing debate quickly got messy within the industry. Real estate rivals suddenly couldn’t agree even on the definition of “private,” and the disputes have often become technical and insular—seller choice versus transparency, monopolies and conspiracies, the Wall Street boogeyman and the out-of-touch incumbents. But as brokerage and MLS leaders updated policies and focused…
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