Realtor.com
Realtor.com is a real estate listing portal operated by Move Inc., a News Corp subsidiary, providing home search and property information drawn from Multiple Listing Service (MLS) data feeds. The platform connects home buyers and sellers with real estate agents through lead generation and advertising products.
Score generated by AI agents based on publicly cited evidence and reviewed by the project maintainer. Not independently validated. Last assessed 2026-10-01. Score revised 2026-10-01: 52 → 44.
Score History
Timeline events are AI-curated from public reporting. Score trajectory is derived from documented events.
Realtor.com went public in 1996 as the National Association of Realtors' listings site, growing from 32,000 listings to nearly 400,000 within a year on direct MLS feeds. Monetization was light and the product was a simple listing utility; its main structural feature was the exclusive NAR affiliation.
Homestore.com's August 1999 IPO raised about $140 million and funded an acquisition spree, including the $761 million stock purchase of Move.com with a 40-year exclusive listing-access agreement covering Century 21, Coldwell Banker and ERA franchises. Payroll grew from 993 to 2,800 by the end of 2001. Behind the growth, executives were inflating 2001 advertising revenue through round-trip deals later charged as fraud.
From December 2001 the fraud unraveled: securities class actions, CEO Stuart Wolff's January 2002 resignation, restated results, and SEC and criminal charges against three executives for inflating 2001 advertising revenue by $46 million. Payroll fell from 2,800 to about 1,450 by 2004 as new management ran a turnaround.
Homestore renamed itself Move Inc. in 2006 just as Zillow and Trulia arrived. Move cut its workforce 24% in the 2008 housing crash and won more freedom over the site in a 2010 NAR agreement amendment, but lost its traffic lead to Zillow and Trulia by 2012. Monetization stayed conventional; the era ended with Move and NAR suing Zillow over a defecting executive in 2014.
News Corp closed its $950 million purchase of Move in November 2014. Move-owned ListHub's feeds to Zillow and Trulia ended in April 2015, and Move sought $2 billion in damages from Zillow before a $130 million settlement in 2016, while Realtor.com drew about half of Zillow's traffic. Agent complaints about locked-in lead contracts and a 2018 whistleblower suit alleging misleading sales tactics marked growing pressure on business customers.
The $210 million Opcity purchase in October 2018 moved agent monetization toward referral fees of about 35% of commission on closed deals, offered exclusively in about 60 markets by 2020. Local Expert added paid agent placement, RE/MAX Select quit after alleging Opcity called its paid leads first, and staff were cut in 2020 and 2022. The era closed with suits from former sales reps and a robocall class action, a failed $3 billion sale to CoStar, and News Corp's 2023 job cuts as Move's revenue fell.
News Corp named Damian Eales CEO in June 2023 as revenue and traffic were falling (fiscal Q1 2024 revenue down 16%, unique users down 12%). Move shifted to premium offerings with higher revenue per lead: lead volume fell 9% in FY2025 while revenue held at $552 million. Eight agents sued in August 2024 alleging 40-50% of leads lacked purchase intent, but their claims were sent to arbitration in 2025; Move also moved its headquarters to Austin, bought Zenlist and drew a Meta Pixel privacy suit.
Spotlight Listings, launched in November 2025, began selling elevated search and map placement to listing agents, and premium RealPRO Select sales lifted Move's revenue 11% to $610 million in FY2026 while unique users slipped. At the same time Realtor.com positioned itself as the open-marketplace portal, with Realtor.com+ built with MLSs, non-exclusive pre-market syndication with eXp, a Zillow Preview listing swap and AI search tools. Agents' fake-leads claims stayed in arbitration after the Ninth Circuit declined to hear their appeal.
Alternatives
Real estate search portal and brokerage acquired by Rocket Companies in July 2025 in a $1.75 billion all-stock deal. Shows the same MLS listings as Realtor.com, so it is an easy switch for home search, though Rocket's ownership brings mortgage cross-selling to watch.
Real estate portal owned by CoStar Group, which has spent heavily to grow it. Shows the same MLS listings and sends buyer inquiries on a listing to the listing agent rather than reselling them. Easy switch for browsing, though it draws less traffic than Realtor.com and also sells listing-visibility upgrades.
Dimensional Breakdown
Summaries below were written by AI agents based on the cited evidence. They are editorial interpretations, not independent research findings.
Dimension History
Timeline (55 events)
Realtor.com Launches as Public Listing Portal
The site relaunched as a public website displaying property listings after operating as the closed Realtor Information Network since 1995. It grew from 32,000 listings in December 1995 to nearly 400,000 properties by October 1996, establishing itself as the NAR-backed online real estate portal.
Homestore.com IPO Raises $140 Million
Homestore.com priced its IPO at $20 per share, at the top of its upwardly revised range (originally $8-10), raising approximately $140 million. With over 1.3 million listings, it was the largest real estate website. The IPO fueled aggressive acquisition strategy during the dot-com boom.
Homestore Acquires Move.com for $761M in Stock
Homestore agreed to purchase Move.com from Cendant Corp. for $761 million in stock, gaining Rent.Net and a 40-year exclusive access agreement to real estate listings from Century 21, Coldwell Banker, and ERA franchises. The deal closed in February 2001 and cemented Homestore's dominance in online real estate.
Securities Class Actions Filed Against Homestore Over Fraud
Beginning in December 2001, numerous class action complaints were filed against Homestore and its officers alleging violations of the Securities Exchange Act of 1934 for materially false and misleading statements about 2000 and 2001 financial results, after the company admitted its past accounting was inaccurate and later restated those results. CalSTRS and other institutional investors eventually won a multi-million dollar securities fraud judgment against former CEO Stuart Wolff in 2011.
Homestore CEO Stuart Wolff Resigns Amid Fraud Probe
CEO and founder Stuart Wolff resigned in January 2002 during an internal investigation into Homestore's accounting. Wolff was convicted at trial in 2006 and sentenced to 15 years, but the Ninth Circuit reversed the conviction in 2008 because the trial judge should have recused himself; in 2010 he agreed to plead guilty to one count of conspiracy to commit securities fraud.
SEC Charges Three Homestore Executives in Accounting Fraud
The SEC filed charges against former COO John Giesecke Jr., CFO Joseph Shew, and VP John DeSimone for inflating advertising revenues by $46 million through illegal 'round-tripping' transactions in 2001. All three agreed to plead guilty and repay $4.6 million in illegal trading profits. The DOJ brought parallel criminal charges.
Homestore Rebrands as Move Inc.
After years of rebuilding from the accounting scandal, Homestore announced in February 2006 that it would rename itself Move Inc. and launch Move.com. The name change signaled a fresh start under new management, though the company's market position had eroded during the scandal years as competitors like Zillow (launched 2006) and Trulia (launched 2005) entered the market.
Move Shrinks Workforce 24% and Halves Headquarters Space in Housing Crash
Move said it employed the equivalent of 1,181 full-time workers at the end of 2008, a 24% payroll reduction from a year earlier that left it with its smallest workforce in a decade, and it vacated nearly half of its Westlake Village headquarters to save about $1 million a year in rent. During the dot-com boom Homestore's payroll had grown from 993 workers at the end of 1999 to 2,800 by the end of 2001.
NAR Amends Realtor.com Operating Agreement for the First Time in 11 Years
An amendment to the 1996 Realtor.com operating agreement took effect, giving Move more leeway to change the site's features, design and layout without NAR's prior approval and permission to syndicate listings to third-party sites when instructed by the supplying MLS or broker. Inman described Realtor.com at the time as the internet's most popular real estate portal.
Realtor.com Loses Traffic Leadership to Zillow and Trulia
After years as the most-visited real estate listing site, Realtor.com began losing that position in 2010 and in 2012 was surpassed by both Zillow and Trulia in Experian Hitwise rankings of real estate websites.
NAR Expands Realtor.com Operating Agreement for Non-MLS Listings
NAR's board approved major changes to the Realtor.com operating agreement, allowing Move to publish listings from sources beyond those provided by Realtors, including additional new homes and rental properties. The expansion gave Move more flexibility to monetize non-MLS content through agent advertising on a broader inventory of listings, while the site remained barred from displaying FSBO properties.
Move and NAR Sue Zillow Over Trade Secrets and Executive Poaching
Move Inc. and NAR filed a lawsuit against Zillow and former Realtor.com president Errol Samuelson, who resigned without notice and joined Zillow as its chief industry development officer. Samuelson had been Move's second-highest-compensated employee. The suit alleged misappropriation of trade secrets, breach of fiduciary duty and breach of contract, including that Samuelson took confidential information about realtor.com's operating agreement negotiations with NAR.
News Corp Acquires Move Inc. for $950 Million
News Corp agreed to acquire all outstanding shares of Move Inc. for $21 per share ($950 million net of cash), a 37% premium over the closing price. The deal, which closed November 14, 2014, gave News Corp an 80% stake with REA Group taking 20%. NAR consented to the acquisition, preserving the Realtor.com trademark license.
ListHub Feeds to Zillow and Trulia End After Zillow-Trulia Merger
After Zillow acquired Trulia, Move-owned ListHub announced it would stop sending listings to Trulia, while Zillow had already declined to renew its own ListHub agreement. Under a March 2015 court settlement, ListHub's feeds to both Zillow and Trulia ended on April 7, 2015, although Trulia's contract had 16 months left to run. Trulia said ListHub data made up more than 25% of its listings. Move had sued Zillow the year before after a top Realtor.com executive defected.
Move Seeks $2 Billion in Damages From Zillow in Trade Secrets Suit
Court documents showed Move claiming $2 billion in damages from Zillow over the alleged theft of trade secrets tied to former executive Errol Samuelson, a figure Zillow called 'staggering'. Zillow had spent $27.1 million on legal fees related to the case in 2015. The case settled two months later for $130 million.
Realtor.com Draws About Half of Zillow's Traffic
comScore's March 2016 rankings showed Realtor.com with about 37 million unique visitors (nearly 40 million across the Realtor.com network), against more than 70 million for Zillow.com and about 80 million for Zillow Group including Trulia. Realtor.com had fallen far behind the rival that overtook it in 2012.
Zillow Pays $130 Million to Settle Move Trade Secrets Lawsuit
Zillow agreed to pay $130 million to settle the trade secrets lawsuit brought by Move and NAR, ending more than two years of litigation. The settlement came a week before the scheduled start of trial. Zillow and the former executives admitted no wrongdoing. The case demonstrated Move's willingness to use litigation aggressively as a competitive weapon under News Corp ownership.
Whistleblower Lawsuit Alleges Move Defrauded Agents on Lead Products
Former Move sales rep Brian Bobik filed a wrongful termination lawsuit alleging he was fired in March 2017 for refusing to participate in unlawful conduct. Bobik claimed sales reps lied to agents about contract terms, promised cancellation at any time that wasn't available, charged credit cards without authorization, and sold lead packages in which about half the leads were bogus. He also alleged he was terminated for requesting disability accommodations.
Move Acquires Opcity for $210 Million
News Corp finalized the $210 million acquisition of Austin-based Opcity, a lead referral platform that vets buyers and sellers and is paid a referral fee on closed deals rather than upfront lead fees. Opcity reported working with 5,000 brokerages and more than 40,000 agents. The acquisition shifted Realtor.com's business model toward higher-extraction referral fees.
Realtor.com Launches Local Expert Agent Advertising Product
Realtor.com introduced Local Expert, a digital marketing product enabling agents to buy customized, branded ads that appear in local market searches on Realtor.com and extend to consumers on social media. The product blurred the line between organic agent recommendations and paid placements, prioritizing advertising spend over agent qualifications.
Realtor.com Tests Replacing Lead Gen with Opcity Model, Angering Brokers
Move began testing replacement of Realtor.com's traditional upfront lead generation service with Opcity's referral model, under which agents pay 35% of their commission once a sale closes, in several small and mid-size markets. Brokers who relied on the existing service learned of the change suddenly; teams that drew half their business from Realtor.com warned of severe losses.
RE/MAX Select Severs 17-Year Relationship Over Opcity Lead Siphoning
RE/MAX Select, an East Coast franchise with over 200 agents, terminated its relationship with Realtor.com after 17 years, citing deterioration since the Opcity acquisition. The brokerage discovered Opcity was intercepting leads meant for paying brokers, calling them first, and collecting referral fees on leads brokers had already paid for through their Realtor.com subscriptions.
CEO Ryan O'Hara Exits Move Inc.
Move Inc. CEO Ryan O'Hara departed after five years leading the company through the News Corp acquisition era. His exit came amid growing broker backlash over the Opcity transition. Tracey Fellows, News Corp's president of global digital real estate, served as acting CEO during the search, underscoring News Corp's tightening control over Move's operations.
NAR Adopts Clear Cooperation Policy Benefiting MLS-Connected Portals
NAR's board approved the Clear Cooperation Policy (MLS Statement 8.0) on November 11, 2019, requiring listing brokers to submit listings to the MLS within one business day of publicly marketing them; MLSs had to adopt it by May 1, 2020. While framed as pro-consumer, the policy structurally benefits MLS-connected portals like Realtor.com by ensuring publicly marketed listings flow through MLS feeds.
Move Inc. Announces Mass COVID-19 Layoffs
Move laid off more than 100 employees, under 20% of its roughly 1,400 staff, with every office and business function affected. CEO David Doctorow said the cuts were part of a broader realignment and cost-cutting effort that the COVID-19 pandemic made urgent.
Realtor.com Replaces Lead Gen with Opcity Referral Model in 60 Markets
Move expanded the Opcity-based 'Core Network' referral model to about 60 markets where it is offered exclusively, replacing the traditional upfront lead generation service there. More than 140,000 agents and 13,000 brokers participated. Agents in those markets shifted from paying upfront for leads to paying a share of their commission on closed deals, increasing per-transaction extraction.
Former Sales Reps Sue Move, Alleging They Were Fed False Claims to Sell Agents
Six former Move sales employees sued Move, News Corp, NAR and two former executives, alleging a toxic, discriminatory workplace in which they were given 'frequently false' information about lead products, pricing and discounts to pass on to agents, then had commissions clawed back when customers cancelled after learning they had been misled. Move said the allegations were without merit.
Move Acquires Agent Marketplace UpNest
Move Inc. acquired San Mateo-based UpNest, a marketplace connecting home sellers with competing local agents. UpNest's 50-person team joined Move. The acquisition expanded Realtor.com's agent monetization surface by adding another channel through which agents compete for seller business on the platform.
Robocall Class Action Accuses Realtor.com of Calls Without Consent
A Louisiana resident filed a proposed class action under the Telephone Consumer Protection Act alleging Move, doing business as Realtor.com, left prerecorded telemarketing messages on his cell phone without consent and kept calling after he asked it to stop, and that it lacked a written internal do-not-call policy.
Realtor.com Announces Layoffs Amid Shifting Housing Market
Realtor.com announced layoffs on September 8, 2022, exactly one month after Move's fourth-quarter earnings call revealed single-digit revenue growth amid a shifting housing market. CEO David Doctorow said the cuts followed consideration of alternative scenarios to protect the company's growth.
News Corp Enters $3B Sale Talks with CoStar for Move Inc.
Bloomberg reported News Corp was in advanced talks to sell Move Inc. to CoStar Group for approximately $3 billion, more than triple the $950 million acquisition price. The talks came as Rupert Murdoch abandoned plans to merge Fox Corp. and News Corp. The potential sale signaled News Corp's willingness to exit the real estate business.
News Corp Plans 1,250 Job Cuts as Move Revenue Falls
News Corp said it expected to cut about 1,250 positions (5% of headcount) in calendar 2023, generating annualized cost savings of at least $130 million. The plan came as Move's revenues fell $23 million (14%) to $146 million in the October-December 2022 quarter amid the housing slowdown.
CoStar Sale of Move Inc. Falls Through
News Corp announced the $3 billion sale of Move Inc. to CoStar Group was off the table. CoStar CEO Andy Florance confirmed during an earnings call that the deal was dead, pivoting to monetize its own Homes.com platform. News Corp said it would 'continue to actively assess opportunities' for its digital real estate business.
Court Refuses to Dismiss Realtor.com Robocall Class Action
A federal judge in California declined to dismiss Priestley Faucett's TCPA class action alleging Realtor.com made prerecorded solicitation calls to him despite his listing on the National Do Not Call Registry. Move argued he had consented online and orally to callbacks.
Damian Eales Named Move Inc. CEO
News Corp named Damian Eales, its executive vice president and global head of transformation, to succeed David Doctorow as Move CEO effective June 12, 2023. Eales had worked closely with REA Group in Australia, and News Corp said his REA experience would help Realtor.com pursue long-term opportunities. Under Doctorow, Move's revenue had grown 50% from fiscal 2020 to 2022.
Move Inc. Reports Double-Digit Revenue and Traffic Decline
News Corp earnings showed Move's fiscal first-quarter revenue fell 16% to $142 million, with real estate revenues down 20%, and average monthly unique users of Realtor.com declined 12% to 76 million. The results accelerated cost-cutting and the shift toward higher-extraction premium products.
CoStar Changes Homes.com Ads After Realtor.com Challenge
CoStar Group agreed to modify Homes.com advertising after Realtor.com challenged the accuracy of its competitive claims. The dispute highlighted the intensifying portal wars as CoStar invested billions to make Homes.com a serious Realtor.com competitor, while Realtor.com used legal tactics to constrain rival marketing.
NAR Commission Settlement Takes Effect, Restructuring Agent Economics
The landmark $418 million NAR commission settlement took effect, ending the practice of sellers automatically paying buyer agent commissions through MLS listings. The new rules require written buyer-broker agreements before home tours. For Realtor.com, the settlement disrupted its lead generation model by introducing uncertainty about how buyer agents would be compensated.
Eight Agents File Fake Leads Class Action Against Move Inc.
Eight agents across six states filed a class action alleging Move Inc., NAR, and Opcity sold fraudulent leads, claiming 40-50% of Realtor.com leads lacked real estate purchase intent. The complaint alleged Move scrapes data from owned and affiliated websites to present users as 'fully-vetted, high-intent leads,' and that sales teams used misleading scripts to coerce agents into contracts.
Move Transfers Fake Leads Lawsuit to Federal Court
Move's counsel filed a notice of removal moving the fake leads class action from Los Angeles County Superior Court to the U.S. District Court for the Central District of California under the Class Action Fairness Act, with co-defendants News Corp, NAR and Opcity consenting.
Realtor.com Relocates Headquarters to Austin, Closes California Offices
Move Inc. announced it was relocating its headquarters from Santa Clara, California to Austin, Texas at 901 E. Sixth St., where it already employed 400 people, closing offices in Santa Clara and Chicago while keeping New York and Scottsdale. Santa Clara staff were moved to remote roles.
Court Sends Fake-Leads Claims to Arbitration; Agents Appeal
Judge Stanley Blumenfeld dismissed NAR, News Corp and Move subsidiaries from the fake-leads suit in early March 2025 and ordered the agents and Move to arbitrate under the terms and conditions of Move's lead generation service. Lead plaintiff James Bandy filed an appeal with the Ninth Circuit on March 24.
Move Drops Trade Secrets Lawsuit Against CoStar
Move dropped its July 2024 trade secrets lawsuit against CoStar, which alleged that former Realtor.com News & Insights head James Kaminsky accessed Realtor.com strategy documents after joining Homes.com. Move said it had settled with Kaminsky after CoStar laid him off. CoStar said the case was dismissed with prejudice, that it paid nothing, and that the court had denied Move's preliminary injunction request in 2024 as speculative.
Move Acquires Zenlist to Strengthen Agent Collaboration Tools
Move Inc. acquired Zenlist, a mobile-first agent-client collaborative search platform used by over 35,000 agents and several leading MLSs. This was Move's first significant M&A expenditure since acquiring UpNest in 2022, signaling renewed investment in agent-facing tools amid competitive pressure from CoStar's Homes.com.
Class Action Filed Over Meta Pixel Tracking Without Consent
A proposed class action alleges Realtor.com implemented Meta's tracking pixel and other tools to collect and distribute visitors' personal information, including unique identifiers and video viewing history from property walkthroughs, without informed consent. The suit cites the California Invasion of Privacy Act.
Meta Pixel Privacy Suit Against Realtor.com Survives Motion to Dismiss
Judge Percy Anderson of the Central District of California denied Move's motion to dismiss a proposed class action alleging it disclosed Realtor.com visitors' information to Meta without consent, finding the plaintiff adequately pleaded that Move intercepted and disclosed the contents of her communications under the California Invasion of Privacy Act.
Realtor.com Launches Spotlight Listings Pay-to-Play Search Product
Realtor.com debuted Spotlight Listings, a paid product that gives properties elevated positioning in search results and map views, bolder design, and placement in ZIP-targeted buyer emails. The product prioritizes paying listings over relevance, mirroring Google's sponsored search model.
Court Denies Class Certification in Realtor.com Do-Not-Call Suit
The Central District of California denied certification of a telemarketing class in Priestley Faucett's TCPA suit against Move, finding he was not an adequate or typical representative and that individual consent issues across many websites could predominate. The ruling noted that Move's ReadyConnect service buys leads from its own and other websites.
Realtor.com Launches Realtor.com+ Collaborative Search Built With MLSs
Realtor.com launched Realtor.com+, a home search platform built with MLSs that keeps agent, brokerage and MLS branding and adds shared searches, messaging and tour planning based on Zenlist technology. It went live for Canopy MLS's more than 20,000 subscribers, with 15 more MLSs signed.
eXp Syndicates 'Coming Soon' Listings to Realtor.com on Non-Exclusive Terms
eXp Realty agreed to syndicate its agents' 'Coming Soon' listings to Realtor.com, Homes.com and ComeHome.com from April 15 via Zenlist, on a non-exclusive basis open to any portal on equal terms. Realtor.com CEO Damian Eales said a Coming Soon status removes the need for restrictive private marketplaces.
Realtor.com Launches App in ChatGPT
Realtor.com launched an app inside ChatGPT for early-stage questions about affordability and neighborhoods, showing only previews of listings and routing users back to Realtor.com to contact agents. The company said MLS data is protected by a strict prohibition on model training.
Zillow and Realtor.com Agree to Share Pre-Market Preview Listings
Zillow and Realtor.com announced that Zillow Preview pre-market listings would also appear on Realtor.com as 'Realtor.com Preview' listings, at no cost to sellers or agents at enrolled brokerages, with listing agents eligible for a revenue share when a Preview connection closes. Zillow Preview lets agents and sellers withhold days-on-market and price-drop data during the preview phase. The listings went live on Realtor.com on September 17, 2026.
Realtor.com Begins Beta of RealAssist AI Conversational Search
Realtor.com launched RealAssist AI, a conversational home search built with Google's Gemini and Google Cloud, in a limited beta across desktop, mobile web and its app, letting buyers search in natural language rather than relying only on filters.
Move FY2026 Revenue Rises 11% to $610M on Premium RealPRO Select Sales
News Corp reported Move's fiscal 2026 revenue up 11% to $610 million, driven by higher sales of RealPRO Select as Move shifts to premium offerings with higher revenue per lead, and fourth-quarter revenue up 13% to $167 million. Average monthly unique users fell 6% to 68 million in the quarter while Comscore put Realtor.com at 33% of U.S. portal visits. News Corp said its share buyback accelerated to $643 million, well over four times the prior year's rate.
Ninth Circuit Dismisses Agents' Fake-Leads Appeal, Leaving Claims in Arbitration
A Ninth Circuit panel dismissed the agents' appeal of the arbitration order for lack of jurisdiction, and on September 17 the full court declined rehearing. The agents had argued they bought leads in phone agreements and never accepted arbitration terms that Move linked in later confirmation emails. The claims now proceed in arbitration.
Evidence (51 citations)
D1: User Value Erosion
D2: Business Customer Exploitation
D3: Shareholder Extraction
D4: Lock-in & Switching Costs
D5: Twiddling & Algorithmic Opacity
D6: Dark Patterns
D7: Advertising & Monetization Pressure
D8: Competitive Conduct
D9: Labor & Governance
D10: Regulatory & Legal Posture
Scoring Log (6 entries)
Checked 88 items (39 timeline, 38 evidence, 9 milestones, 2 alternatives) + prose. 38 verified, 36 corrected (10 date-only), 11 re-sourced, 3 removed. Contradicted figures: timeline 2023-11-09 Move revenue drop '13%' (Inman/News Corp release: 16%); d1 narrative unique users '72 million' (Online Marketplaces Feb 2025: 62 million); d3 narrative FY2022 revenue 'over $544 million' (News Corp FY2023 10-K: $712M); Samuelson 'Zillow's second-highest paid executive' (Inman 2014: Move's second-highest-compensated). Also fixed Wolff conviction (reversed 2008, 2010 plea), Meta Pixel suit date (2025), Bobik name, unsupported $158M restatement, NAD challenge direction, fake-leads case status.
52->44. Since Feb 2026 (window Oct 2025-Oct 2026): Spotlight paid search placement (Nov 2025), Realtor.com+ with MLSs, non-exclusive eXp Coming Soon syndication and Zillow Preview listing swap, ChatGPT app and RealAssist AI, FY2026 revenue +11% to $610M on premium RealPRO Select (users -6%), fake-leads appeal dismissed and en banc denied (claims stay in arbitration), TCPA class cert denied, Meta Pixel suit survived MTD; no 2026 layoffs found. Dims: D1 5->3 (correction: filter/saved-homes/AI-results specifics removed by fact audit; Google Play 4.7 with 567K reviews, visit share up), D3 5->4 (recalibration: Move reinvesting, layoffs were 2020-2023; parent buyback alone not 4-5 band for Move), D4 4->3 (recalibration: consumer data is MLS-common, lock-in is time-limited agent contracts), D5 6->5 (correction: unlabeled-Spotlight and AI-results claims removed; paid placements are tagged), D7 6->5 (recalibration: free consumer product, labeled paid placement, ads not dominant), D8 5->4 (event: 2026 non-exclusive syndication, Realtor.com+ with MLSs, Preview sharing), D10 5->4 (recalibration: current docket defensive/legalistic, arbitration use rather than capture). Eras: split 'NAR Portal Launch' at 1999-08-05 (Homestore IPO) -> new 'Homestore Dot-com Boom'; 'Accounting Scandal' re-dated 2002-01-01->2001-12-27; 'Competitive Decline' re-dated 2012-01-01->2006-02-22 (Move rebrand) and relabeled 'Move Rebrand, Zillow Rise'; 'News Corp Monetization' re-dated 2015-01-01->2014-11-14 (acquisition closed); 'Opcity Extraction' re-dated 2019-06-01->2018-10-12 and relabeled 'Opcity Referral Pivot'; current era re-dated 2026-02-12->2023-06-01 (Eales named CEO), relabeled 'Eales Revenue-per-Lead Push' and split at 2025-11-12 (Spotlight launch) -> 'Spotlight Premium Rebound'; 'NAR Portal Launch' kept. All eras re-scored from criteria. Category 'Real Estate' fine.
No material changes since 2026-02-12. Checked fake-leads and Meta Pixel litigation status (no new rulings post-baseline), News Corp Q3 FY2026 earnings (Move revenue +10% to $148M, lead volume +6% — incremental, not band-shifting), leadership/M&A/regulatory activity (none), and the May 2026 Zillow–Realtor.com Preview pre-market listings partnership (industry-wide Clear Cooperation realignment, no clear dimension shift).
Updated Redfin description to reflect July 2025 Rocket Companies acquisition ($1.75B)