NEW YORK CITY—As day two of four in the Compass-Zillow preliminary injunction hearing got underway on Nov. 19, Errol Samuelson, Zillow’s chief industry development officer, finished up on the stand, with Zillow CEO Jeremy Wacksman next to raise his right hand. The hearing took place in courtroom 14C at the Daniel Patrick Moynihan U.S. Courthouse…
Realtor®.com’s parent company has dropped a long-running and acrimonious lawsuit against rival CoStar, according to a court filing today, with a spokesperson saying the company “has chosen to settle” with an ex-employee who was accused of stealing data after joining Homes.com. James Kaminsky, a former writer and editor for Realtor.com who was laid off in…
In an unexpected residential real estate company consolidation announced December 2, Compass Inc., the leading brokerage by sales volume, according to RISMedia’s 2024 Power Broker Report, will be acquiring @properties Christie’s International Real Estate for $444 million in a move that Compass says will accelerate domestic and international growth opportunities. “This partnership will allow us…
Over the past few months, Tanya Monestier, a University at Buffalo law professor who also describes herself as a consumer advocate, has written some scathing commentaries and critiques of industry practices—specifically focused on new buyer agreements that have been crafted or updated to satisfy the National Association of REALTORS®’ (NAR) settlement mandate. Unlike many critics,…
Above, RE/MAX President and CEO Nick Bailey. Photo by AJ Canaria. In these challenging times, it’s more important than ever to be laser-focused and razor-sharp when deciding how to proceed. With the likelihood of high mortgage rates and limited inventory continuing into 2024, making the correct decisions on cost-cutting, while simultaneously establishing new revenue streams,…
As opposed to even recently when sellers would let their agent handle most everything, now many want to be more involved. Read more.
