Industry NewsTechnology

Mediator called in for Move Inc., Realtor.com negotiations

Talks continue on 1996 operating agreement
Published on Aug 6, 2010

Editors's note: This story has been updated to include a comment from NAR.Realtor.com operator Move Inc. says it's continuing its negotiations with the National Association of Realtors over the company's 1996 agreement to operate the Web's most popular listings search portal, and that a mediator has been involved in some sessions.Move CEO Steve Berkowitz disclosed in May that the company was seeking additional clarity from NAR about what the agreement allows, and that Move had initiated a process spelled out in the agreement for resolving issues or questions.In a conference call with investors Thursday, Berkowitz said that "NAR's goals and our goals are very much aligned" and that the "conversation has been quite productive in the last few weeks."A spokesman for NAR, Lucien Salvant, said "We want the agreement to continue," but that the agreement is in need of a "serious update" because there have been many technological changes since it was wr...

Comments