Late last year, Bright MLS General Counsel Brian Schneider was doing what millions of people do every day—asking AI large language models (LLMs) like ChatGPT, Claude and Google Gemini for information on real estate listings. But Schneider’s motives were very different from the average consumer. As part of a regular review process, Schneider was checking…
William Pulte, the grandson of a homebuilder magnate who was appointed to lead the Federal Housing Finance Agency (FHFA) by President Donald Trump in 2025, will serve on an interim basis as Director of National Intelligence (DNI) in Trump’s cabinet, overseeing the sprawling federal intelligence network including the CIA, NSA and parts of the FBI.…
Above, Brian Donnellan, left, and Brian Schneider In an op-ed published earlier this month, Brian Donnellan, CEO of Bright MLS, referred to much of the recent industry upheaval as “noise.” Partnerships, consolidations, new entrants—all things that “sidestep” issues that directly affect real estate professionals, he argued. Also in that op-ed, Donnellan revealed that Bright was…
Above, left to right: Zillow CEO Jeremy Wacksman, MRED CEO Rebecca Jensen and Compass International Holdings CEO Robert Reffkin Against the backdrop of a nationwide fight over listing access, data control and marketing strategies, Chicago has become a flashpoint, with MLS Midwest Real Estate Data (MRED) recently cutting Zillow off from its listing feeds, ostensibly…
Editor’s note: A judge has since ordered MRED to restore listing feeds to Zillow. See the latest update. The majority of listings in the Chicago area disappeared from Zillow Wednesday morning, around eight hours after a midnight Tuesday deadline set by local MLS Midwest Real Estate Data (MRED), marking a dramatic escalation in a bitter,…
In a court filing in federal court in Washington on Sunday, May 17, Northwest MLS (NWMLS) is accusing mega-brokerage Compass of promising, then failing to produce documents, datasets and communications in a lawsuit over private listing rules, as both parties have accused each other of anti-competitive practices. The lawsuit, filed by Compass a little over…
Editor’s note: AI Pulse is RISMedia’s ongoing roundup of AI happenings, providing trends and real-world use cases to help navigate the rapidly evolving AI landscape. Why ChatGPT gave opposite answers to a buyer and seller on a $50 million deal It is a frustrating situation that nearly every agent is familiar with: a client trusts…
The high-profile, industry-shaking battle between mega-brokerage Compass and dominant portal Zillow is back in the courtroom, as Zillow is asking a court to block a major MLS from cutting off its listing feed, claiming that Compass is engaging in an “illegal conspiracy” to promote its private listing and undermine Zillow. The 52-page lawsuit, which Zillow…
Above: CRMLS CEO Art Carter Back in 2020, the Clear Cooperation Policy (CCP)—compelling agents to submit properties to the MLS within one day of public marketing—recieved immediate pushback. But the headlines mostly centered on the reactions of ostensible outsiders, including listing startups that filed lawsuits and antitrust law enforcement that flagged the policy as potentially…
The United States added 115,000 jobs in April, according to the Bureau of Labor Statistics, significantly beating analysts’ expectations as employers continue to shrug off high energy costs and geopolitical uncertainty—something buyers and sellers have been less willing to do. With an unemployment rate now at 4.3% and an average 48,000 payrolls added per month…
It’s the dawning of a new era at REMAX—one that became even more compelling with the recent announcement that REMAX Holdings was acquired by Real Brokerage—creating a technology-enabled global real estate entity. In our Summer issue cover story, take a closer look at how the brand is... Read more.
