April 28 (Reuters) - Residential real estate giant
Compass has sued a major U.S. home-listing service, accusing it
of blocking homeowners from using narrow listings to test
pricing and demand before marketing their properties more
broadly.
Compass in its lawsuit in the Seattle federal court on
Friday said Northwest Multiple Listing Service was trying to
protect its dominance by overly controlling how sellers market
their homes, in violation of U.S. antitrust law.
Most homes in the United States are sold through a regional
listing service like Northwest, a database that sellers and
buyers use to check inventory and pricing. Northwest runs a
database of homes for sale in Washington and Oregon.
New York-based Compass said it and other brokerages should
be allowed to list Pacific Northwest properties internally
before marketing them more broadly. Such listings, known as
"office exclusives," are common in other markets to tailor
pricing and potentially avoid stalled listings, which can harm
home values.
Compass and Northwest Multiple Listing Service did not
immediately respond to requests for comment.
The listing service said it facilitated nearly 68,000
residential home sales last year valued at more than $54
billion.
Northwest in a statement late last month on its website said
that allowing an exclusive group of buyers and brokers to see
homes "is fundamentally unfair."
Compass' lawsuit seeks unspecified monetary damages and a
court order allowing "office exclusives" in the Seattle market.
Compass was among many major home brokers that were hit with
antitrust claims for their alleged participation in a conspiracy
to inflate home-sale commissions. Compass last year agreed to
pay nearly $58 million to settle claims against it. The company
denied any wrongdoing.
The case is Compass Inc ( COMP ) v. Northwest Multiple Listing
Service, U.S. District Court for Western District of Washington,
No. 2:25-cv-00766.
For Compass: Ethan Glass of Cooley
For Northwest MLS: Not yet available
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