Where Real Estate Gets Its Dirt

Zillow had 27.1 million in legal fees in 2015

Ben Lane at HousingWire.com

“The legal battle is still ongoing, with Zillow stating that it spent $8.1 million in legal fees related to the Move/News Corp lawsuit in the fourth quarter, and $27.1 million for all of 2015, with those fees dragging down Zillow’s total financial results.

But Zillow’s not of the legal woods yet.

During a call with investors, Zillow’s chief financial officer, Kathleen Phillips, said that the costs related to Zillow’s “necessary defense” against Move’s claims are projected to rise from $27.1 million in 2015 to $36 million in 2016.”

Does that mean a a total cost of $63M in 2015 and 2016? I guess either number is scary. Fuck.

In a recent News Corp earnings call they mentioned spending $4M (in their Q2). Which means a run rate of $16M a year. Guess its cheaper to be the suer than the suey?

Nothing but a “Z” thing…

Spencer Rascoff throwing up his Zillow gang sign. Congrats to the entire team at Zillow for an amazing 10 years.

Spence

Looking for a new gig?

Two new positions posted on the Vendor Alley Job Board!

Digital Marketing Manager for HomeSpotter

Senior Developer for W&R Studios – Help us make great software for the real estate industry!

See these jobs and more at the Vendor Alley Jobs Board!

Cloud MLX is looking soooooo good!

My company, W&R Studios, is getting close to releasing our new MLS front end product, Cloud MLX. It’s looking amazeballs! I don’t want to give away too much but here are a few partial screen shots.

It’s living up to exactly what I expected: Simple, Fast and Beautiful.

We think agents are going to love it.

Cloud MLX search bar

Saved Searches

Dropdown

Agent Page

Cloud MLX can simply be a hub to our existing products Cloud CMA and Cloud Streams. The larger vision, is it can also be used an an alternative front end to your MLS. It’s so fast and simple agents won’t need extensive training.

Our new design team is really hitting it out of the park. I can’t wait to ship it and show everyone.

Wes Wiggins joins Zillow Group

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Looks like its official. I hope he checked his meta data.

Congrats Wes!!

MLS Rap

I was asked to participate in an “Oxford Style Debate” at Inman Connect NYC this year by David Charron and Denee Evans (CEO of CMLS). The topic was “Resolved: The MLS Limits Progress”. Rob Hahn and I were to be on the side that said this statement was true (I guess they couldn’t find any other suckers). While Chris Carrillo and Celeste Starchild took the opposite position.

I was to start off the debate first, with a 5 minute opening statement. Inspired by the rap battles in the play Hamilton, I decided to make my own rap about the topic.

Also, many thanks to Freddy Sarabia, who was in the audience and took this video. I have also included the lyrics at the bottom. Super fun time, and everyone was a good sport.

 

So, Allow me to introduce myself….

I’m the publisher of your favorite blog
I really like it when you read along
I re-invented the C-M-A
So, I’m here to drop some knowledge with you today.

They call me the Grand Master G
And today I’m repping the N-Y-C
don’t forget the notorious R-O-B
because he’s going make you go O-M-G

We here to talk about the M-L-S
The one that created
all this mess.

Your technology is all so whack
Theres too many of you,
you need to cut back.

Your policies give your brokers a heart attack
and talk on the street is you might get sacked.

Your PARAGON makes me yawn
Your RAPATTONI looks like RIGATONI
The MATRIX renders slowly
and the FLEX MLS seems the opposite to me.

And before you start blaming
the vendors I’ve been naming
Remember its you that signs their checks, breeze.

Maybe if you quit nickel and dimen
You’re vendors would begin shinning
and putting out some great I-P.

And don’t blame your brokers
Its just like a good game of poker
You got to play the cards you see

And what about the C-M-L-S?
They throw a great party
but what the heck?
We all want to know
what comes next?

Please do something. Please

So Mr. Carrillo
when you sit on your pillow,
and worry about Zillow
remember your members need someone to LEAD.

And you ain’t no STAR–CHILD.
I don’t get the HUB BUB
over the LIST-HUB
Its just all stale data to me.

But maybe in your new position,
you can show the true disposition of a
what strong women leader can achieve.

So, just remember this,
before you think this is all just a dis…

It’s not about cooperation or compensation

but its true innovation that we seek.

And if you don’t no, now you know.

Sponsored By Paragon Connect