‘Don’t wait until the plane crashes’: Lawyers offer grim antitrust update

Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services’ annual conference. Continue reading

Presale home renovation startup Revive wins NAR ‘Pitch Battle’

Revive takes home the $15,000 cash prize from a contest hosted by NAR’s for-profit investment subsidiary Second Century Ventures. It was one of 12 startups to compete in the contest. Continue reading

What haunts MLS leaders? Politics, commissions and their own demise

At the Council of Multiple Listing Services’ annual conference, CEOs discussed being ready for the possible death of the commission structure and why MLSs should be run as businesses. Continue reading

NAR asks US Supreme Court to overturn pocket listing ruling

An appeals court allowed The PLS’s case against the Clear Cooperation Policy to proceed in April, but NAR hopes a review from the nation’s highest court will change that. Continue reading

REX seeks court order for Zillow listing data on FSBOs

Court sets new trial date for June 5, 2023, as the legal battle over the National Association of Realtors’ no-commingling rule continues. Continue reading

With rent high and sales slow, more owners are becoming landlords

The slowdown in home sales, paired with the meteoric rise in rent, has more homeowners looking to become landlords rather than sell their homes in this market. Continue reading

Judge ‘baffled’ why Anywhere won’t give up NAR commission rule docs

Judge M. Page Kelley pushed back against the real estate holding company formerly known as Realogy, noting that NAR’s buyer broker commission rule is “virtually identical” to that of MLS PIN. Continue reading

Median sale price dips below $400K as existing-home transactions slip

The median sale price of an existing U.S. home declined to $389,500 in August, down from July when it sat at $403,800, according to data released Wednesday by the National Association of Realtors. Continue reading

Court orders REX to give Zillow list of employees who kept laptops

Zillow had emphasized that the information contained on the laptops of REX’s former employees could potentially point to other reasons for REX’s downfall unrelated to Zillow or NAR. Continue reading

Anywhere fights sellers’ bid to give up docs on NAR commission rule

A federal court will hold oral arguments later this month on whether the franchisor’s implementation of the policy nationwide is relevant to the homesellers’ case in the MLS PIN service area. Continue reading