I saw the news that the court dismissed the complaint in Leeder v. NAR, the antitrust lawsuit filed against the same defendants on the same legal theories as Moehrl and Sitzer, but from the buyer’s perspective. I didn’t comment on it as I was waiting to read the opinion, and because I didn’t think it … Read more
Suddenly, it’s become like legal issue week here at Notorious. I wrote about the entirely expected certification of class action status in Sitzer v. NAR yesterday. Today, I get emailed the opinion by the 9th Circuit Court of Appeals in the PLS.com v. NAR lawsuit. If the class action opinion from Sitzer required reading tea … Read more
A number of readers have sent me the news and the actual opinion from the court hearing Sitzer v. NAR (Case No. 19-CV-00332-SRB), in which the court basically granted the plaintiffs everything they wanted. This is now officially a class action lawsuit, certified by the court, to include thousands, if not tens of thousands or … Read more
From The Real Deal: In 2020, the Zillow-owned platform had told agents to post their sales listings on its site within 24 hours of advertising them elsewhere or they could lose professional access to the site. The new policy bans the offending listings, not the agents, meaning they can still post other properties on StreetEasy. … Read more
In the last webinar on Geek Estate Masterminds, Dave Conroy gave a presentation on blockchain, crypto, NFT and DAOs. Dave is not only a true expert on all things blockchain, he is also the Director of Emerging Technologies at NAR and a real forward-looking thinker. Proof? Here’s Dave writing about blockchain’s impact on real estate… … Read more
From Businesswire, we get “Bright MLS Strengthens Leadership Team with Award-Winning Marketing Executive Amit Kulkarni as its New Chief Marketing Officer“: Bright MLS, one of the nation’s leading multiple listing services announced today that real estate industry brand innovator Amit Kulkarni has joined the company’s executive leadership team as Chief Marketing Officer to lead the … Read more
A reader sent along a short note that JP Morgan wrote after a meeting with CoStar “where management outlined the strategy for residential real estate and provided a couple demos/screenshots from its solutions.” It’s an interesting set of observations by Wall Street and I thought I’d tag along and see what I thought about their … Read more
I think it’s safe to say that I was reeling in a bit of shock and disappointment last quarter, when Zillow abruptly quit the iBuying business. I thought for years that Zillow’s overall strategy made perfect sense, and that becoming the market maker for residential housing was at the center of that strategy. So I … Read more
I spent Sunday morning cleaning up some crap in my office. I threw out a bunch of old papers, crap I didn’t even know I had (how does this stuff just accumulate?), and then listed a couple of things on Ebay that I couldn’t bring myself to throw out. (If you need a cheap 1080p … Read more