BrokerageIndustry News

Two MLSs hit with civil suits after FTC actions

West Penn agrees to $2.4M settlement; Realcomp continues court battle
Published on Dec 1, 2011

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by CareyBot

Two multiple listing services in Michigan and Pennsylvania that federal regulators had accused of anti-competitive practices have also become entangled in civil lawsuits seeking millions of dollars in damages on behalf of consumers.

Pittsburgh-based West Penn Multi-List Inc. has agreed to pay $2.38 million to settle allegations that its member brokers conspired to pass rules aimed at restricting competition from nontraditional and discount brokerages.

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