Tag Archives: Antitrust

NAR and Anywhere clash over commission class action trial

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The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America. Continue reading →

The PLS to Supreme Court: Deny NAR petition in pocket listing suit

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In a new brief, the former pocket listing service argues that NAR limited competition to its Realtor-affiliated MLSs “by conspiring to destroy the livelihood of any dissenting real estate agent.” Continue reading →

Fidelity paying Black Knight $225M to bring TitlePoint back into the fold

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With ICE’s acquisition of Black Knight pending, title insurer exercises right to buy back title search and order management solution. Continue reading →

NAR shuts down bid to end no-commingling rule, Zillow reveals

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Zillow Senior Director of Broker Operations Matt Hendricks said the portal petitioned NAR to stop allowing MLSs to ban brokers from displaying MLS listings with non-MLS listings online. Continue reading →

HomeLight raises real estate agent referral fee to 33%

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The real estate tech firm says it will use the increase on new marketing channels and product changes while a critic says high referral fees lead agents to inflate commissions and skimp on service. Continue reading →

Judge orders Zillow to give REX FSBO listing data

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Federal court in Seattle grants the discount brokerage’s motion to compel on the grounds that the data could show whether Zillow and NAR caused harm to REX or to competition in general. Continue reading →

NYC real estate commissions are all over the map: Consumer watchdog

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In a report on Wednesday, the Consumer Federation of America found the median commissions listing agents offered to buyer agents ranged from 1 percent in parts of Brooklyn to 3 percent in Manhattan. Continue reading →

Anywhere and Compass settle agent recruiting suit, capping 3-year feud

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The companies submitted a joint filing to the New York Supreme Court on Oct. 4 asserting they had agreed to end the litigation permanently and that each side would pay their own costs. Continue reading →

Referral fees from so-called ‘paper brokerages’ including Zillow inflate commissions by $15B a year: CEO

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Calling it a “kickback scheme,” HomeOpenly CEO Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don’t actually buy and sell property. Continue reading →

Seeking clout, MLS trade group taps ex-DOJ and FTC antitrust lawyers

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The Council of Multiple Listing Services has hired Alicia Batts and Dylan Carson to help the trade group exert influence over MLS-related decisions at the antitrust enforcement agencies. Continue reading →