Redfin shareholder sues for more information on Rocket merger

Lawsuit seeks class action status to represent Redfin shareholders, claiming they need more information about financial advisor’s potential conflict of interest before June 4 merger vote. Continue reading

Compass grew virtually every metric that matters in Q1

Despite a slower housing market, the brokerage’s revenue grew 28.7 percent year over year in the first quarter while transactions rose 27.8 percent. Continue reading

Compass to debut physical, in-office book of private listings

The Compass Private Exclusive Book will be available for any agent to view in a Compass office. The book project comes as Compass increasingly makes private listings a core part of its strategy. Continue reading

Waging war has come at a cost, Compass says in NWMLS lawsuit

The brokerage’s federal court complaint acknowledges that clients have canceled listings and that agents have departed amid a battle with Northwest MLS over how they’re marketed. Continue reading

Naples estate shatters Florida home sale record with $225M sale

A sprawling waterfront estate in Naples, Florida, has shattered records with its $225 million sale, making it the most expensive residential transaction in state history and the second-priciest in the country, the Wall Street Journal reported Friday. Continue reading

Majority of agents field multiple recruitment calls every year: Poll

Nearly 85 percent of agents who responded to a recent Intel Index survey said they field multiple inquiries each year, with 16 percent of those saying the calls are coming as frequently as once a week. Continue reading

Compass sues Northwest MLS, pulling Windermere along for a ride

The suit claims the multiple listing service is a “monopolist” with “no meaningful competitors” and that, as a broker-owned MLS, its Seattle area owners have an interest in limiting competition. Continue reading

FirstTeam kicks off nationwide expansion in Idaho and Washington

FirstTeam Real Estate, an independent brokerage with roots in Southern California, is taking its success nationwide. The firm recently announced the launch of its nationwide expansion, starting with new offices in Idaho and Washington. More markets are… Continue reading

NWMLS, Compass offer differing versions of IDX dustup

Northwest MLS on Thursday reinstated a data license it says it yanked after Compass violated its rules. Compass says the rules were changed after it started doing private listings in Washington. Continue reading

NWMLS shuts off Compass’ IDX feed amid private listing conflict

The IDX feed shutdown, which ended Thursday morning, came amid a battle that previously included accusatory Instagram posts between top executives and the specter of lawsuits. Continue reading