Industry NewsTechnology

FTC orders MLS to publish listings

Ruling reverses dismissal of Realcomp complaint
Published on Nov 2, 2009

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

Realcomp II MLS, a Detroit-area multiple listing service that ultimately stood alone in challenging the government's position that MLSs are breaking the law if they refuse to transmit "exclusive agency" property listings favored by discount brokers to public Web sites, has been ordered to reverse its policy.

In a unanimous 4-0 decision, the Federal Trade Commission (FTC) found that Realcomp II's Web site policy and related requirements impose a "significant impediment" to consumer access to listings represented by limited-service brokers, helping protect full-service brokers' commissions from competition.

Comments