Brooklee Han on Move, CoStar and lawsuit settlements
Jul 24, 2024
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Reporter Brooklee Han discusses Move suing CoStar for data theft, settlement between CoStar and Moovers, Zillow's strategies, and potential housing policy changes post-election.
Move Inc. vs. CoStar lawsuit involves alleged data theft, while brokerages settle commission disputes.
Potential impact of presidential administration changes on real estate regulations and DOJ involvement in settlements.
Deep dives
Move vs. CoStar Lawsuit
Move Inc. has sued CoStar Group over alleged theft of data and documents. The lawsuit alleges that a former Realtor.com employee, James Kaminsky, who now works for CoStar, stole trade secrets that aided CoStar's growth. Both companies differ in claims over website traffic data and analytic sources, leading to legal contention.
Brokerage Settlements
United Real Estate and Homesmart International have reached settlement agreements in commission lawsuits. United Real Estate will pay 3.7 million into a nationwide settlement fund, while details of the Home Smart International settlement remain undisclosed. These settlements aim to resolve ongoing legal disputes in the real estate industry.
Impact of Administration Change on Industry Regulations
The podcast discusses how changes in administration, especially with a potential Biden presidency or a shift to Kamala Harris, could influence housing and real estate regulations. The Department of Justice's involvement in real estate probes and settlements is highlighted, with potential implications for industry practices and regulatory scrutiny across different administrations.
On today’s episode, Editor in Chief Sarah Wheeler talks with Reporter Brooklee Han about the latest real estate legal news, including what’s happening between Move and CoStar and the brokerages who have recently settled their commission lawsuits. The two also discuss how a change in presidential administrations could affect some of these cases.
The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.