BrokerageIndustry News

Chicago MLS merger draws closer

Judge orders MLSNI shareholders to participate in another consolidation vote
Published on May 9, 2007

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A judge has reportedly ordered a group of Multiple Listing Service of Northern Illinois shareholders -- who last year were absent from a vote to consider a consolidation with a rival Chicago-area MLS -- to participate in another vote that will be scheduled within 30 days.

While brokers in several markets have pushed MLSs to pursue consolidations or regional data-sharing agreements with other MLSs, the MLSNI-MAP effort has so far not been a shining example of success.

Five local Realtor associations and boards, representing five of 10 MLSNI shareholders,