BrokerageIndustry News

Opponents of combined Chicago-area MLS say they may sue

Group cautions MLSNI about moving ahead in proposed joining with MAP
Published on Sep 15, 2006

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by CareyBot

Half of the shareholders that own the Multiple Listing Service of Northern Illinois, in a strongly worded letter stating the possibility for legal action, this week cautioned the MLS board not to move forward as planned with a proposal to join with a rival MLS.

The legal threat is the latest stumbling block for MLSNI, one of the largest MLSs in the nation, as its board attempts to convert to a new broker-centric ownership and management structure as a part of the consolidation plan ...

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