BrokerageIndustry News

Realcomp to appeal FTC decision

Dispute would go to U.S. Court of Appeals

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Editor's note: Watch Inman News for updates to this report.Michigan's Realcomp II MLS will reportedly appeal an FTC decision that it imposed a "significant impediment" to consumer access to listings represented by limited-service brokers.The Mises Economics Blog, citing an e-mail exchange with Realcomp CEO Karen Kage, says the MLS's board has voted unanimously to take an appeal to the U.S. Court of Appeals for the Sixth Circuit.In its own unanimous vote last month, the FTC ruled that Realcomp II's alleged refusal to transmit "exclusive agency" property listings favored by discount brokers to public Web sites and other policies were aimed at protecting full-service brokers' commissions from competition (see story).Karen Kage, Realcomp CEO, could not immediately be reached for comment Tuesday evening. In October 2006, after announcing consent orders with five other MLSs over similar conduct, the FTC issued complaints against Realcomp and another MLS, MiRealSource Inc....