BrokerageIndustry News

MLSNI responds to DOJ investigations

Listing service turns over 'hundreds of thousands' of documents

Power up your Indie Brokerage
Don't miss Indie Broker Summit SF, Aug 7, 2017

Multiple Listing Service of Northern Illinois has turned over hundreds of thousands of documents for a U.S. Department of Justice investigation that relates to limited-service real estate listings, and MLSNI has also responded to a subpoena that is linked to a federal antitrust lawsuit against the National Association of Realtors. MLSNI, one of the largest MLSs in the country with about 51,000 members, in March received a subpoena from the Department of Justice that relates to ongoing antitrust litigation between the federal agency and the national Realtors trade group. The Justice Department charges in the lawsuit that the Realtor group's MLS policies for the online display and sharing of real estate information are overly restrictive, while the trade group has held that its policies are legal and provide for ample sharing of information. In a statement to members, MLSNI said it was one of about 20 MLSs across the country that received a "civil investigation demand" or subpoena from...