BrokerageIndustry News

Federal hearing begins in MLS antitrust complaint

Administrative judge considers FTC case against Realcomp II
Published on Jun 22, 2007

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The administrative hearing is underway for a Michigan multiple listing service accused by the U.S. Federal Trade Commission of setting restrictions on a type of property-listing agreement in violation of antitrust law, and early witnesses called to testify include a broker for a flat-fee listing company and a publisher for a real estate information company.

The trial-like hearing process, which began Tuesday, is expected to last about two weeks, with the FTC's Chief Administrative Law Judge Stephen ...