Compass targets Zillow’s warnings to agents in new brief

In a brief issued ahead of a hearing in its case against Zillow, Compass homed in on the listing portal’s powers of “intimidation” in issuing warnings to agents that violate its listing standards. Continue reading

Why the NAR settlement has become a blessing, not a curse

By removing the automatic assumption of buyer’s agent fees, we’re putting the focus back where it belongs, Darryl Davis writes, on fiduciary duty, negotiation and service. Continue reading

Pending home sales remain stuck in the mud in September

The National Association of Realtors’ monthly report showed that homebuyers are still a bit crippled by economic uncertainty, and recent mortgage rate drops have mostly only spurred refinance activity. Continue reading

NAR and the real estate industry’s irrelevance problem

Failure to embrace tech innovation will ensure the real estate industry falls further behind, hastening the entry of disruptive outside forces, Sean Frank writes. Continue reading

CoStar reaches agreement with CRMLS, keeping access to data

Homes.com won’t lose access to real estate listing data from the California Regional Multiple Listing Service after all. Continue reading

Existing-home sales gain momentum in September amid falling mortgage rates

The gain in existing-home sales once again reflects just how much consumers respond to lower mortgage rates, NAR Chief Economist Lawrence Yun said during a press call on Thursday morning. Continue reading

The path for Compass-Anywhere: Take the Intel Index survey today

Each month, hundreds of real estate agents, brokers, executives and investors contribute to one of real estate’s most ambitious monthly efforts to document changes to the industry. Add your insights. Take the survey. Continue reading

NAR weighs in on Zillow’s new ChatGPT integration

Without specifically saying whether or not the integration violated any IDX license agreements with multiple listing services, NAR said that each individual MLS should assess its own agreement with Zillow to ensure compliance. Continue reading

Robert Reffkin pokes at CRMLS policy. CRMLS CEO pushes back

Compass CEO Robert Reffkin took aim on social media at user agreements for the nation’s largest multiple listing service. In an open letter shared with Inman and other media outlets, CRMLS’ CEO calls it “misinformation.” Continue reading

Zillow’s ChatGPT integration sets off alarm bells for industry leaders

There were strong reactions this week to Zillow’s integration with ChatGPT, with some leaders claiming the portal had violated IDX licensing rules. But Zillow maintains it did its due diligence and is not handing over MLS data to OpenAI. Continue reading