The National Association of Realtors has upped its financial stake in a mapping-patent lawsuit filed against a Realtor in Pennsylvania. The association said if the lawsuit is successful, more agents and MLSs could be targeted with similar complaints. Already, the Realtor trade group has contributed about $500,000 to support the defense of its member, Diane Sarkisian, from claims that she violated a patent held by Real Estate Alliance Ltd. And on Monday, the trade group's board of directors approved an additional contribution of up to $325,000 to support the ongoing litigation. The relevant patents, granted by the U.S. Patent and Trademark Office in 1989 and 1991, claim "a method using a computer for locating available real estate properties," and relies on the creation of a database of available real estate properties, a map display for a desired geographic area, and "zooming in on the first area of the displayed map to about the boundaries of the first area to display a higher level o...
by Brad Inman | on Mar 21, 2017
by Andrew Wetzel | 7 days
by Brad Inman | 1 day
by Caroline Feeney | 1 day
by Bernice Ross | 2 days