NAR is joining a lawsuit filed by MOVE, Inc. against Zillow and new Zillow Chief Industry Development Officer Errol Samuelson. In addition to NAR and MOVE, the plaintiffs include RealSelect, Inc., Top Producer Systems Company, and Realtors® Information Network, Inc. NAR’s relationship with MOVE and realtor.com® is based on a mutual respect for REALTORS® and their efforts to bring online home...
After a brief pilot phase in two test markets (including Boulder, Colorado) with AgentMatch, Realtor.com® is pulling the plug, citing a faulty algorithm to “match” consumers with REALTORS®. A computer cannot find the best REALTOR® for someone, just like a computer cannot place an accurate value on a home. Read the whole statement from Realtor.com® President Errol Samuelson below: December 12, 2013 Letter from Realtor.com® President...
On Wednesday, July 24 NAR's Board of Directors approved recommendations to help realtor.com® compete head-to-head with third-party listing aggregators. Some fear realtor.com changes will dilute REALTOR® brand, standards. As a result of the vote, the operating agreement with RealSelect will change in three fundamental ways: Amending the restriction that says Move may display only listings that have been sourced from REALTOR®-owned and controlled MLSs or...