The decree’s core principle fits in one sentence: a broker may not decide what a rival broker’s customers are allowed to see. Display decisions belong to the seller. Data flows to every cooperating broker on cost based, equal terms.
This is one of the FTC’s most significant recent actions involving online real estate and rental marketplaces. The agency’s position is that paying a competitor to exit a market can violate antitrust law when it reduces competition and consumer choice — the “pay to exit” theory.
The Settlement here does not overlap with any of the existing home seller settlements. Rather, this Settlement resolves the legal claims of homebuyers who were not included in the home seller settlement
The Compass v. NWMLS lawsuit is a pivotal moment in the real estate industry’s evolution, pitting a self-proclaimed disruptor against a powerful, broker-owned MLS. Compass’s allegations of monopoly power, anti-competitive rules, suppressed innovation, and consumer harm strike at the heart of how real estate markets operate.
Roger P. Alford will serve as Principal Deputy Assistant Attorney General. Mr. Alford previously served in the first Trump Administration as Deputy Assistant Attorney General in the Antitrust Division, including as an expert witness in the landmark 2023 real estate $1.8 billion litigation against the National Association of Realtors
While we’ll be looking at the increasing number of lawsuits centering around the Three-Way Agreement issue, it is worth keeping a close eye on the reaction of local associations to challenges voiced by some of its members to lessening the costs for services they don’t consider essential to their business.
Expect intense competition to occur among brokers fighting to earn the exclusive representation agreement on the buyside, just like listing brokers always had to sharpen their presentation skills to win the exclusive listing contracts on the sellside.
We agree with the attorney’s expectation of a DOJ intervention. And I’ll add our prediction that we will hear from the DOJ by the end of October. Webase that prediction on signals from the DOJ in a series of pleadings and actions over the past 4 years and before,
AIRM is a revenue management program that employs AI and machine learning to optimize performance. A potential client put it succinctly to RealPage: “I always liked this product [AIRM] because your algorithm uses proprietary data from other subscribers to suggest rents and term. That’s classic price fixing . . . .”
Agents are now faced with articulating a stronger, clearer value proposition, and Modern.tech points out that technology and technological expertise will be a critical component of the added value proposition.
UNDER ALL IS THE DATA | PART 3 OF 8 Two Licenses, One Compilation Stop thinking of IDX and VOW as website types. Start reading
As a backdrop to bringing the global audience up to speed with the historical role and vision of the Multiple Listing Service (MLS), the Forum presented a keynote presentation entitled “The MLS Past, Present and Future.”
Best States for Jobs… I like the visualizations on the Visual Capitalist Site. Mapped: Unemployed Workers vs. Job Openings, by U.S. State In the United
