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lawsuit filed by Compass against Northwest Multiple Listing Service (NWMLS) has sparked a heated debate in the real estate industry. At the center of the controversy is Windermere, a major Seattle-based franchisor that Compass claims is colluding with NWMLS to harm its business and home sellers.
Compass alleges that brokerages with representatives on the NWMLS board are "co-conspirators" working together to limit competition and consumer choice. However, Windermere's co-president, OB Jacobi, dismisses these claims as "BS," arguing that his company has no direct representation on the board due to its franchise model.
The lawsuit centers around Compass's 3-phase marketing strategy, which it claims is being stifled by NWMLS's rules and Windermere's influence. However, Windermere counters that Compass's approach would actually harm consumers by obscuring listing information and limiting transparency.
Industry leaders are weighing in on the controversy, with some expressing skepticism about Compass's motives. "This whole thing is going to end badly for everyone," predicts NextHome CEO James Dwiggins, who expects a drawn-out and expensive conflict that could ultimately lead to a class-action lawsuit against brokerages pushing off-MLS practices.
The outcome of this case has significant implications for Washington state and beyond, with the potential to reshape the real estate industry's approach to competition and consumer advocacy.
