LendingTree gets license for real estate map-search patent

Patent holder's lawsuit against Philadelphia Realtor still pending

Real Estate Alliance Ltd. has issued the first major license for a patent the company holds for using a computer mapping system to locate available real estate properties for sale.

LendingTree on Monday announced it has obtained a license from Real Estate Alliance Ltd., or REAL for short, for its patented REAL989 map search functionality for use on the LendingTree-owned RealEstate.com Web site.

Under the agreement, RealEstate.com will become a fully licensed nationwide user of REAL’s patents, granted by the U.S.