Top Agent Network, Inc. vs. the National Association of REALTORS® has officially set a trial schedule and date for 2025.
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Pocket Listing Lawsuit Sets Trial Date, with Clear Cooperation in the Spotlight
The antitrust lawsuit targeting the controversial MLS policy could see a jury next year, as NAR will consider a repeal.
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Read the last paragraph. That is real leadership. Well said Leo!
I agree with Leo
the intent of clear cooperation makes good sense for consumers and realtors alike – everyone gets a fair crack at a property and it adds transparency which is what the DOJ has required. Sadly, as its currently written, clear cooperation is fraught with realtors taking advantage of the rules. How many times haven’t we seen a new listing appear on social media after 5pm on Thursday….the realtors has to have the listing active within 24 hours on the mls….but a post after 5pm on Thursday pushes the compliance past 5pm on Friday, so the listing doesn’t go active on the MLS until the next business day which is typically Monday! The rule needs to be calendar not business days
Leo is right on. It’s not about allowing additional private listing networks, agents are allowed to advertise the property listing on any website or listing network but they must also put it in the MLS so every agent and buyer has ability to find and purchase the property. Allowing agents/brokers to restrict access to their listings to select other agents is unfair to the public and to agents not invited to the private listing network (PLN). Allowing PLN agents to have access to all of my listings but not allowing me to have access to theirs because they have them only on their private listing network is unfair and is fraught with the appearance of a discriminatory practice.