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

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
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 ...