Investors sue Realogy, allege fraud over agent commissions

The Rosen Law Firm, which a month ago threatened a class action lawsuit, pulled the trigger Thursday, filing a federal suit in the U.S. District Court of New Jersey.

Bombshell suit against real estate firms could get even bigger

Three additional plaintiffs have been added to a lawsuit involving the sharing of commissions between listing and buyer brokers.

Bombshell lawsuit takes a new turn

The bombshell lawsuit that could upend the U.S. real estate industry has been amended, adding more plaintiffs and defendants and emphasizing the role commissions play in steering buyers and raising costs for sellers.

READ: Justice Department’s letter to CoreLogic demanding MLS info

Inman has obtained a letter from the Department of Justice requesting information on multiple listing service data from CoreLogic, a California-based financial services and analytics firm.

Why real estate is in jeopardy

At Tuesday’s CMLS Brings It To The Table event, held just before the National Association of Realtors’ midyear conference, real estate leaders sounded the alarm.

Real estate’s competition decree has expired. What’s next?

Last month, an antitrust settlement between the National Association of Realtors (NAR) and the U.S. Department of Justice (DOJ) expired. Does that mean Realtor associations can go back to engaging in practices once deemed anti-competitive? And could that change the way modern real estate works, from how online brokerages display listings to the way consumers shop for homes on the internet?

Zillow bashes Upstream and CAR in public regulator comments

In its own public comments to the DOJ/FTC, Zillow chose to take aim at NAR-backed broker data company Upstream and the largest state Realtor trade group in the country, the California Association of Realtors.

NAR blasts Zillow, tells government it causes ‘consumer confusion’

The real estate trade group condemns the Seattle-based tech giant for the same practices its member agents and brokers engage in.

The government will accept comments on real estate competition until July 31

The agencies have not said whether they plan to use the public comments they receive this time around to produce an updated report on real estate competition or take any other actions, but members of Congress have asked for such an update.

How should real estate make its data more open?

With federal regulators breathing down the real estate industry’s neck, questions regarding who gets access to listing data have taken on new urgency.