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ICE strikes multiyear deal with MLS-owned REdistribute 

Housing Wire

Intercontinental Exchange (ICE) announced a multiyear licensing agreement with REdistribute for permissioned access to multiple listing services (MLS) information. Launched in 2022 by BrightMLS and California Regional MLS , REdistribute is an MLS-owned company that includes licensed data from more than 40 MLSs.

MLS 381
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Local Logic partners with Plunk for residential real estate data insights

Housing Wire

Local Logic , a location intelligence platform that digitizes the built world, has teamed up with Plunk , an AI-driven analytics company, to empower end-users with the technology and insights they need to accelerate and improve home purchase decisions, the company announced on Tuesday.

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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

million after the brokerage paid its commissions and related expenses. However, it was better than the overall residential industry, which fell 20%, according to Greg Hart, chief operating officer at Compass. Revenue decreased by 10% year over year to $1.34 Revenue decreased by 10% year over year to $1.34

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Compass acquisition could worry some California agents

Housing Wire

The buy is Compass’s first since the residential brokerage started publicly trading shares earlier this month. In effect, said one Bay Area broker, who requested anonymity to speak candidly, “All the agents in California were starting to use Glide for backroom technology.”.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

MLS 310
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Zillow or CoStar? NAR settlement terms could determine a winner

Housing Wire

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4%

MLS 393
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Opinion: What the ICE-Black Knight merger means

Housing Wire

Residential property transactions are manufactured with data components assembled from disconnected and diverse sources. Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The GSE’s $8B profit in 2Q could buy most of the brokerage industry.

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