Industry News

Two homesellers who sued the Real Estate Board of New York in 2023 and 2024 argue REBNY shouldn’t have been included in the Gibson and Sitzer/Burnett deals.

As HUD rescinds the Obama-era policy interpretation, a state bill with common themes fails in California. Plus, House Republicans introduce a CFPB reform bill.

Modernization should be focused on broker needs and the industry's cooperative bargain for the digital age: consumer & data protection, accuracy, and security.

The same judges who affirmed the Sitzer/Burnett settlement have upheld the deals in Gibson, closing another chapter in the industry-defining litigation.

The Washington state-based MLS will offer a new “First Look” listing option starting Sept. 4 as part of the settlement agreement.

ERA Real Estate has named Frank Malpica president. He replaces Alex Vidal, who will depart the company. Plus, FirstTeam elevates Lauren Henss to the C-suite.

HUD’s funding cut rationale “does not add up,” the judge said when blocking the plan. Plus, Fed gov. responds to fraud claims; more layoffs at Fannie Mae.

Redfin can keep receiving syndicated rental listings from Zillow but will restart its own rental listings business by 2027. And Zillow has agreed to help.

The $800M acquisition gives CoStar Group a foothold in the new home construction sector, adding established B2B and consumer marketplaces to its portfolio.

The trial, which is scheduled to begin on Aug. 24, is about whether a Zillow-Redfin rental listings syndication deal is pro-consumer or violates antitrust laws.

Attorneys in each case want about one-third of the $120M settlement fund. Plus, Zillow’s SCOTUS petition countered; NAR can’t compel The Agency to supply docs.

Shaun Harkley will step into his new role at the tech firm next month. Plus, Zillow’s VP of industry engagement leaves after nearly 20 years at the portal.

The judges rejected each of the arguments made by the seven appellants, allowing the combined $876M in deals reached by NAR and major brokerages to stand.

In the fight over listings, a key question has been overlooked: Who can access MLS data, and what do they owe the marketplace in return? Here’s our answer.

The portal said it “will continue to defend this case with the same confidence we’ve had throughout, regardless of how many times the plaintiffs refile.”

Donna King joins the North Carolina association’s C-suite effective immediately. Plus, Rocket adds Sarah Watterson to its board as an independent director.

The trade group met with federal officials about solutions. Plus, state AGs sue over lender rule change; new accessible housing bills introduced in D.C.

In a recent opinion column, Derrick Johnson called for “commonsense guardrails” to protect against what he sees as “a modern form of digital redlining.”

The iBuyer is repurchasing approximately 45.3 million of its own shares, a move that it said will reduce shares outstanding by 5%.

The More Homes on the Market Act now has 174 co-sponsors in D.C. Plus, consumer advocacy groups raise objections about proposed mortgage lending rule changes.