Commission lawsuits? AI? Clear Cooperation? Fuggedaboutit

Side’s Guy Gal says the greatest threat to the industry are Realtor associations, multiple listing services and brokerages that depend on inexperienced agents to generate profits. Continue reading

Compass agrees to share its exclusive listings, with 2 caveats

Compass said it will share its 6,000-plus exclusive listings with brokerages and multiple listing services, as long as they don’t alter or monetize listings — or share listings with platforms that do. Continue reading

Dwiggins: Zillow understands the consumer better than NAR

In Part 2 of our deep dive convo with James Dwiggins, co-CEO of franchisor NextHome, he accuses Robert Reffkin of “posturing” to pressure MLSs to change rules around private listings. Continue reading

Dwiggins on Compass, Zillow and real estate ‘Armageddon’

The co-CEO of franchisor NextHome, James Dwiggins, talks about the future of the industry in light of the debate over NAR’s Clear Cooperation Policy ahead of his appearance at Inman Connect San Diego. Continue reading

With an eye on future lawsuits, Compass formally repudiates CCP in letter to NAR and MLSs

CEO Robert Reffkin said the real estate brokerage doesn’t consider ‘any national NAR MLS rule impacting clients as binding,’ but will continue to train agents to comply with local MLS rules Continue reading

Howard Hanna CEO rejects ‘the edicts of organized real estate’

In an exclusive interview with Inman, Hoby Hanna said “blindly adopting” NAR’s nationwide MLS policies risks more antitrust litigation — and his company “can’t continue” to comply with CCP. Continue reading

Howard Hanna in open rebellion against Clear Cooperation Policy

CEO Hoby Hanna sent a letter to NAR and the more than 70 MLSs the major real estate brokerage belongs to informing them that it will no longer consider itself bound by the policy. Continue reading

Redfin says it will begin banning listings in September

Redfin will begin banning listings that aren’t added to the multiple listing service (MLS) within 24 hours of being publicly marketed in September. The announcement comes two days after Zillow Group shared its ban timeline. Continue reading

How NAR, MLSs and Zillow use market power to serve themselves

Think these real estate industry mainstays are doing what’s best for members and real estate pros? Think again, authors and agents Hans and Steve Wydler write. Continue reading

Fed: Requiring buyer agreements has no effect on commissions

The Federal Reserve analysis found that rising home prices are likely why commission rates fell in the past two decades, but found no impact on rates after buyer contracts were required in 15 states. Continue reading