BrokerageIndustry News

MLSNI board votes to move forward with MAP transaction

Group opposes MLS consolidation plan in Illinois

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A group of real estate boards in Illinois is opposing plans for a new multiple listing service organization that would combine one of the nation's largest Realtor association-operated MLSs with a smaller broker-operated MLS that operates in a similar market area. The group has representatives who are members of the board of directors for Multiple Listing Service of Illinois Inc., a large regional MLS that is considering whether to combine with broker-owned MAP, also known as the MLS of Mount Prospect, Arlington Heights, Palatine and Prospect Heights. Jim Schaid, the MLSNI representative for the McHenry County Association of Realtors -- one of the Realtor groups that is opposing the proposal for a joined MLS, said, "Five of the smaller boards have pretty well taken a unified stand against this whole merger. Nobody can come up with one valid business reason why we should do this." Schaid is also broker-owner of RE/MAX Plaza in McHenry, Ill. The opponents of the plan have hired a lawyer ...