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 […]
How many listings have been impacted by Zillow’s new policy? Read More »
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
Zillow fires back against Compass’s claims of ‘irreparable harm’ Read More »
Soaring home prices, limited inventory and elevated mortgage rates have exacerbated the housing affordability crisis in many housing markets when viewed in the context of household incomes, which have remained generally stagnant. In a new study, Zillow compiled related metrics to measure the affordability gap in terms of how much more income a household would
The five housing markets where homeownership is still affordable Read More »
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.
eXp’s Glenn Sanford fires back at Compass over private listings Read More »
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
Does Zillow’s policy really restrict Compass’s business? Read More »
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
The juiciest details in Compass’s lawsuit against Zillow Read More »
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
Compass sues Zillow over private listings policy Read More »
Real estate software provider Lone Wolf Technologies is launching an integration with Zillow-owned customer relationship management system Follow Up Boss as it aims to connect transaction, marketing and accounting tools in one system. Follow Up Boss will be linked with Lone Wolf’s Foundation platform, which includes products such as Boost for digital advertising, Cloud CMA
Lone Wolf, Follow Up Boss integrate platforms Read More »
The countdown is on to Zillow’s new listing standards policy, which bans publicly marketed private listings. While it’s possible for agents at any firm to end up with a banned listing, most industry observers expect that agents at Compass — a vocal critic of the Clear Cooperation Policy (CCP) and Zillow’s policy — will face
Compass agents have a battle plan against CCP, Zillow Read More »
Tensions between Compass CEO Robert Reffkin and Zillow are continuing to build in the lead up to Zillow’s new listing standards going into effect later this month. Reffkin followed up last week’s LinkedIn post claiming that Zillow no longer displays all MLS listings to prospective homebuyers, with two more posts. On Friday, Reffkin highlighted Zillow’s
Robert Reffkin continues his digital crusade against Zillow, Clear Cooperation Read More »