Zillow and Compass have laid out their main arguments from a four-day injunction hearing last month. The judge will use these filings to decide the fate of Zillow's private listing policy during an antitrust suit.
The portal giant countered arguments Compass had made in its complaint alleging antitrust activity and more, and asked the court to deny a request for a preliminary injunction that would prevent enforcement of Zillow's new listing standards.
Zillow Group started notifying brokers on May 28 about listings that weren't aded to the MLS within 24 hours of being publicly marketed. The portal declined to share how many notices have been sent.
Compliance expert Summer Goralik shares how Disneyland’s digital reinvention reveals what the real estate industry must protect: access, transparency and the power of innovation.
Zillow will send warnings about non-compliant listings beginning May 28, but enforcement won't start until June 30. Agents will receive two warnings before their third non-compliant listing is blocked, executives said.
The suit claims the multiple listing service is a "monopolist" with "no meaningful competitors" and that, as a broker-owned MLS, its Seattle area owners have an interest in limiting competition.
A LinkedIn post by Errol Samuelson on Zillow's private listings rule flared into a weekend skirmish that drew nearly 300 comments from executives like Robert Reffkin, Glenn Sanford and Leo Pareja.
Zillow Group Chief Industry Development Officer Errol Samuelson took to LinkedIn on Friday to clarify how the company's listing ban applies to Delayed Marketing Exempt Listings and chastise those who spread "misinformation" about the policy.
This week, Zillow Group and Redfin rocked the industry by banning listings that aren’t added to the multiple listing service (MLS) within 24 hours of being publicly marketed. The policies, which came two weeks after the National Association of Realtors announced a new Delayed Marketing Exempt Listings (DMEL) for its Clear Cooperation Policy (CCP), have led to mounting questions from agents and brokers over the legality of and logistics behind the ban.
Consumer Policy Center fellows Stephen Brobeck and Wendy Gilch praised Zillow's private listing ban while calling on the Department of Justice to limit the spread of private listing networks.
CoStar founder and CEO Andy Florance takes Zillow to task for its new listings policy, calling it anti-consumer and anti-agent.
The new policy, which eXp Realty became the first brokerage to commit to, takes effect in May and comes after a decision by NAR to amend its Clear Cooperation Policy, executives said Thursday.