In a statement sent to HousingWire, Compass CEO Robert Reffkin expressed satisfaction with the lawsuit.
“Compass is pleased to stand by Washington homeowners who are questioning why they are the only homeowners in America without a choice in how they sell their homes,” Reffkin stated.
“The NWMLS system was not designed to serve homeowners; it was created to maintain the monopolistic power of the NWMLS. We are proud to support homeowners who desire the freedom to choose how their homes are sold.”
Industry hot takes
While NWMLS has not yet responded to the allegations made by Compass, various individuals in the real estate industry have shared their opinions on the lawsuit and Compass’s complaint.
Robert Potashnick, the co-founder and owner of Real Estate Intelligence Agency, provided a detailed response in a LinkedIn post, questioning Compass’s actions.
In a separate post, Potashnick criticized Reffkin and Compass for their approach to violating NWMLS rules, stating that they treated fines as minor offenses rather than respecting the rules of the marketplace.
Tanya Monestier, a law professor at the University of Buffalo, shared her thoughts on LinkedIn, expressing skepticism about Compass’s complaint and likening it to a marketing plan.
Eric Johnson, CEO of Mission Realty Advisors, defended Compass’s lawsuit, emphasizing the importance of choice for sellers and criticizing the NWMLS board for its composition of competing broker-owners.
Windermere weighs in
Windermere Real Estate Services, mentioned in the lawsuit as a co-conspirator, clarified that they are a franchisor and not a brokerage. The firm disagreed with Compass’s stance on NWMLS actions and emphasized the importance of transparency in the industry.
While NWMLS has not responded to the lawsuit, they have highlighted the benefits of their platform on LinkedIn, emphasizing access to all home listings for buyers.
In the courtroom
Legal experts have analyzed the potential outcomes of the lawsuit, with opinions varying on Compass’s chances of success. Paul Rogers, a law professor, highlighted the need for Compass to prove that NWMLS is a monopoly and engaging in conduct harmful to consumers and competition.
James Dwiggins, co-CEO of NextHome, questioned the monopoly allegations and warned industry professionals about potential legal challenges related to private listings.
San Diego MLS CEO Saul Klein noted that the lawsuit could have significant implications for consumer choice and industry dynamics in Seattle and beyond.