BrokerageIndustry News

War of words breaks out in MLS merger debate

'Truth and Lies' statement counters claims at 'Save Our MLS' Web site
Published on Sep 22, 2006

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by CareyBot

The heated debate in the Chicago area over a proposed joining of a large association-owned multiple listing service with a competing broker-owned MLS is now boiling over as an all-out war of words.

Five of the 10 Realtor associations that own the MLS of Northern Illinois -- one of the largest MLSs in the nation with about 51,000 members -- are opposing a proposed transaction that would combine MLSNI with smaller competitor MAP MLS (the MLS of Mount Prospect, Arlington Heights, Palatine and Prospect Heights) and create a new MLS entity dubbed Newco.

The debate over the proposed ...

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