Realcomp to appeal FTC decision

Dispute would go to U.S. Court of Appeals

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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).