Broker launches independent board, MLS Premium Content

Split follows lawsuits against local Realtor association

Inman News®

A Tennessee broker has settled a nearly yearlong battle with a local Realtor association and founded an independent real estate board and multiple listing service.

The Mid-South Real Estate Board and Mid-South MLS launched in mid-August. Both cover Arkansas, Tennessee and Mississippi, and are based in Memphis, Tenn. The board is not Realtor-affiliated and has 325 members from more than 20 brokerages, according to founder Larry Mayall, formerly broker-owner of Memphis-based brokerage First National Realty Inc.

First National is the second-largest brokerage member of the Memphis Area Association of Realtors (MAAR), a trade group with territory that includes Tennessee's Shelby, Fayette, Tipton, Hardin, Hardeman and McNairy counties.

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