Industry News

Coldwell Banker pulls out of largest MLS

Listings data control at center of controversy in Chicagoland

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Coldwell Banker, one of the leading brokerages in Chicago-area real estate, this week severed its ties with the Multiple Listing Service of Northern Illinois, the largest MLS in the country. Coldwell Banker pulled all of its for-sale listings from 10 of its offices in Chicagoland's North Shore region out of MLSNI, which has about 37,000 members in more than 6,000 realty offices. Those Coldwell Banker offices will now post listings exclusively with MAP MLS, a smaller broker-owned operation based in nearby Palatine, Ill. At the center of the controversy surrounding Coldwell Banker's decision to part ways with MLSNI is the debate over who controls listings data. Take an Inman Pulse survey on data control. MAP MLS has about 10,000 members, less than a third the size of MLSNI. Some real estate brokers and agents in the area belong to both MLSs. Coldwell Banker's removal of its listings from MLSNI significantly lessens the amount of exposure those sellers' properties potentially would ...