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by CareyBot

Two competitors in the wireless real estate business have agreed to dismiss a lawsuit over a patent covering the system used to access MLS data from a wireless device. Cupertino, Calif.-based BayNet World filed the patent infringement lawsuit last May in U.S. District Court against Hand e Corp., which makes the Pocket Real Estate wireless product. BayNet is the creator of PocketMLS, a wireless real estate listings and alerts service. Pocket Real Estate is a software application for handheld devices that enables agents to synchronize MLS data for mobile access to listings. The lawsuit targeted the Pocket Real Estate wireless service, which allows for MLS updates to wireless-enabled handheld computers and compatible mobile phones. "They dropped their claim that we were infringing on their...