Compass seeks antitrust settlement with NYC’s largest real estate association

The brokerage sent a letter to the District Court for the Southern District of New York seeking to settle its dispute with the Real Estate Board of New York, or REBNY, outside of the courtroom. Continue reading

CoStar sees revenue, profit jump in Q3 despite slowing housing market

In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer. Continue reading

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

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

CoStar debuts Citysnap search portal as Zillow rivalry continues

The Citysnap real estate search portal includes homes for sale and rent in New York City. It also represents the latest chapter in a rivalry between CoStar and Zillow. Continue reading

New York state makes remote online notarizations permanent

With 10 other states authorizing RONs in 2021, California and North Carolina are among the more notable holdouts. Continue reading

Compass hires new sales executive from Brown Harris Stevens

Fritz Frigan most recently worked as an executive vice president at the New York City-based brokerage Brown Harris Stevens. Continue reading

CoStar CEO likens Zillow’s StreetEasy to blackmail

Andy Florance on Tuesday positioned his company’s upcoming New York City portal as an alternative to Zillow-owned StreetEasy. Continue reading

CoStar revenue rises to new heights in latest earnings report

The company pulled in $499 million in revenue during the third quarter of this year. That’s a 17 percent jump compared to last year at the same time. Continue reading

CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Homesnap’s new portal will launch across NYC in 2022. It’s the latest development in a simmering search portal war between CoStar and Zillow. Continue reading