IndustryOpendoor dropped from Nevada commissions lawsuitThe Whaley case had been the only major copycat lawsuit to name the company as a defendant.Dave GallagherMarch 7, 2024
IndustryPrecarious post-verdict market, competition a threat to ZillowA Wall Street hedge fund manager is sounding the alarm on Zillow’s market dominance, suggesting that its revenue and traffic are at risk.AJ LaTraceMarch 6, 2024
IndustryRealtor.com to expand rental listings — using Zillow dataThe home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.AJ LaTraceMarch 5, 2024
IndustryCommissions case ensnares Warren BuffettBuffett’s Berkshire Hathaway Energy — parent of HomeServices of America — added as a defendant in the Gibson case as filing calls out the billionaire’s actions.Dave GallagherMarch 4, 2024
IndustryWill judges merge commissions copycats into one huge case?Defendants have submitted dozens of responses to a consolidation proposal — and most oppose the move.Dave GallagherMarch 2, 2024
IndustryPeople on the Move at CoreLogic, BHGRE and RealtracsCoreLogic promotes Kevin Greene to real estate GM; BHGRE appoints Karrie-Ann Sheppard as VP of Learning; Realtracs creates 3-member advisory board.Real Estate News StaffMarch 1, 2024
IndustryReport: Existing buyer agency agreements can harm consumersThe Consumer Federation of America analyzed 43 agreements and concluded that they generally served to protect agents but offered few benefits to buyers.Robert DavisFebruary 28, 2024
IndustryPeople on the Move: ‘Dynamic leader’ named Fort Worth association CEOSuzanne Westrum’s leadership and business experience seen as a significant benefit to GFWAR; Relevate promotes tech and operations leaders.Real Estate News StaffFebruary 25, 2024
IndustryReal estate industry awards: Can we be better?Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.Mitch RobinsonFebruary 21, 2024
IndustryCoStar revenue — and Homes.com push — beats expectationsCEO Andy Florance said Homes.com sold $4.5 million worth of new subscriptions to residential real estate agents in the first week after the Super Bowl.Dave GallagherFebruary 20, 2024
IndustryFormer Zillow exec expands mortgage site Tomo into home searchCEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which include personal information about home sellers.AJ LaTraceFebruary 20, 2024
Industry3 top takeaways as the DOJ takes on commissionsThe newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.Dave GallagherFebruary 17, 2024
IndustrySecond commissions lawsuit filed in NevadaA total of 22 defendants are named, including NAR, local and national brokerages, and several associations and MLSs.Cheryl Reid-SimonsFebruary 16, 2024
IndustryDOJ to court: Buyers need to set their agents’ compensationA statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.Dave GallagherUpdated February 16, 2024
IndustryOpendoor trims losses, looks to buy more houses in 2024The leading iBuyer lost $275 million in 2023, but that was less than a fifth of 2022 losses. Now the focus is “sustainable” growth of the business.Cheryl Reid-SimonsFebruary 15, 2024
IndustryWhy Zillow is ready to ‘press down on the accelerator’ in 2024CEO Rich Barton was bullish despite the challenging housing market, predicting double-digit revenue growth this year during a Feb. 13 earnings call.Dave GallagherFebruary 14, 2024
IndustryZillow beat revenue expectations in fourth quarterWhile still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.Dave GallagherFebruary 13, 2024
IndustryPeople on the Move: Anywhere shuffles execs, Zillow hires policy proRudy Wolfs joins Anywhere as CTO while Melissa McSherry announces plans to leave COO role; Nicole Booth joins Zillow's government relations team.Real Estate News StaffFebruary 12, 2024
IndustryPeople on the Move at ERA, Anywhere, OAR and MetroTex Frank Malpica to lead franchise development at ERA; Joseph Lenz joins Anywhere board; Bryan Hutchinson takes on CEO role at OAR; Justin Landon to helm MetroTex.Real Estate News StaffFebruary 11, 2024
IndustryBrokers, are you focusing on the wrong agents?Superstars and stragglers might catch your attention, but agents in the middle — the slow-and-steady crowd — can supercharge your business, with some guidance.Jack MillerFebruary 10, 2024