Clear Cooperation

Zillow pushes back against Compass’s claims of conspiracy, monopoly

A little over two weeks after Zillow filed letters responding to Compass’s motions for preliminary injunction and expedited discovery, the listing portal giant is officially firing back with its response to these motions. Zillow filed its response and related declarations from company executives, including Chief Industry Development Officer Errol Samuelson, CEO Jeremy Wacksman and CFO […]

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Compass opens exclusive listings to rivals — with strings attached

In a surprising move, Compass announced Friday it will open its exclusive inventory to any real estate brokerage or multiple listing service (MLS) — marking a shift for a firm long known for promoting private listing networks. The offer comes with strict conditions: listings must remain unaltered, with the original listing agent prominently featured and

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NorthstarMLS says no to delayed marketing exempt listings

Yet another MLS will not be implementing delayed marketing exempt listings. In early June, the board of directors for Minnesota-based NorthstarMLS voted to adopt the National Association of Realtors’ (NAR) new Multiple Listing Options for Sellers (MLOS) policy. But the organization will not implement the optional delayed marketing exempt listings provision or limit IDX and

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How many listings have been impacted by Zillow’s new policy?

Zillow’s listing standards policy may have only been in effect for one day, but Eric Johnson, a Boston-based Compass agent and team leader, said he has already seen an impact.  “Our team has only received a warning so far, but I personally know several agents whose listings have already been banned,” Johnson, who leads Mission

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Do you get déjà vu? The PLS sues NAR — again

If you are familiar with ThePLS.com’s original antitrust suit filed in 2020 against the National Association of Realtors over NAR’s Clear Cooperation Policy (CCP), reading the new suit filed Tuesday might give you déjà vu.  In its 31-page complaint filed in U.S. District Court in Los Angeles, the PLS notes that “Paragraphs 1-121 of this

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Zillow fires back against Compass’s claims of ‘irreparable harm’

Zillow is not buying Compass’s claims that its listing standards policy has or ever will cause “irreparable harm” to the nation’s top brokerage by sales volume. On Monday, the listing portal giant filed two letters in response to Compass’s motion for a preliminary injunction and its motion for expedited discovery.  The responses come just a

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eXp’s Glenn Sanford fires back at Compass over private listings

While his firm may not be named as a defendant in Compass’s lawsuit against Zillow, it doesn’t that mean Glenn Sanford, the CEO of eXp World Holdings, doesn’t have thoughts to share.  In its complaint, Compass (the nation’s largest brokerage by sales volume) named eXp Realty (the top brokerage by transaction sides), as a co-conspirator.

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Does Zillow’s policy really restrict Compass’s business?

While the more attention-grabbing parts of Compass’s complaint in its suit against Zillow included late night calls between Robert Reffkin and “co-conspirator” Redfin CEO Glenn Kelman, and a tense meeting with Zillow executives, the complaint also detailed the business impacts Compass is feeling as a result of Zillow’s policy.  In the complaint, Compass claims that

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The juiciest details in Compass’s lawsuit against Zillow

Given the animosity between Compass and Zillow over the portal giant’s listing standards policy, it came as little surprise when the Robert Reffkin-helmed firm filed a lawsuit against Zillow Monday morning.  While the complaint contains many of the anticipated claims, including that Zillow enacted the policy, which bans listings that are publicly marketed for more

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Compass sues Zillow over private listings policy

Compass, the largest real estate brokerage in the country by volume, has sued Zillow over its policy on private listings. Compass filed a lawsuit in New York on Monday, alleging that Zillow is breaking federal antitrust laws by permanently banning any listing that isn’t put on an MLS within a business day of being publicly

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