Just one day after the FTC sued over the $100M agreement between the 2 portal giants, a group of attorneys general from across the country filed its own lawsuit to block the deal
Opinion
If you're dependent on Zillow for lead gen, it's time to build resilient funnels, own your data, and beef up your referral and content engines, Josh Ries writes
The deal included Zillow paying Redfin $100M for the ability to host rental listings for buildings with over 25 units. The FTC called the deal an 'end run around competition'
Lock in with Inman’s ongoing coverage of the Compass-Anywhere merger — from deal details to what it means for the future of real estate. And be sure to check back often for updates
As Compass called NWMLS a 'monopoly' and said its policies amount to an anticompetitive boycott, NWMLS called the brokerage's arguments 'nonsensical'
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
'Green Mirage' phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower's actual mortgage lender and tricking victims into making payments to US 'mules'
The FTC alleges the company advertised monthly rental rates that did not include mandatory 'hidden' fees that could add up to more than $1,700 per year
The federal agency will send checks to 54,689 consumers it says were deceived by advertising and marketing claims made by the iBuyer
The Federal Trade Commission ordered Ganadores Real Estate to refund consumers after false coaching and mentoring promises. Students were charged $28K each, promised 6-figure returns
Ahead of Inman Connect New York this month, the NextHome CEO said NAR serves an important function, but needs a major fix to deal with challenges related to leadership and commission suits
In addition to selling Empower and Optimal Blue, consent order would require ICE and Black Knight to seek prior FTC approval before acquiring an interest in another loan origination system
At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference
'Significant progress' in Federal Trade Commission negotiations have been reported since Black Knight's Empower loan origination system and Optimal Blue division were removed from the deal
Despite lobbying by mortgage trade groups, 2 previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading