Industry News

Chicago real estate listing battle takes another turn

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The saga among real estate brokers in the Chicago area took another turn when the Chicago Association of Realtors reversed its position on an all-in or all-out brokerage listing policy.   The board of directors for the Multiple Listing Service of Northern Illinois approved a motion in early June to require that if a brokerage firm participates in the MLS service, all of its offices within the market area must participate. But last week, the CAR board of directors reversed its position on the policy and will cast its vote against the policy at the upcoming MLSNI board meeting.   For the last several months, the MLS has been at war over what the organization can do with broker property listings. Some brokers would like to selectively have their listings published on the MLS while others in the MLSNI argue all or none.   The CAR memo did not outline why it had reversed course on the policy, except to say that "CAR directors did not feel it was in the best interest of its me...