Future may hold major MLS site for by-owner real estate

Perspective: Victory in California could ignite FSBO online advertising

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The outcome of a recent legal dispute between a for-sale-by-owner Web site and the California Department of Real Estate was a major victory for existing FSBO Web sites and could spur larger competitors to commit more resources to the online FSBO opportunity.

The dispute arose when the state agency attempted to enforce a state law that required outlets other than newspapers to obtain a brokerage license to advertise property for sale.