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The PLS appeals case against NAR, MLSs over pocket listing rule


Inman Connect
It seems a former pocket listing service is not going down without a fight. The PLS, formerly a private listing network for real estate agents, is appealing a dismissal of its antitrust lawsuit against the National Association of Realtors and three of the nation’s largest multiple listing services.
In May 2020, The PLS filed a federal antitrust lawsuit against NAR and the California Regional MLS (CRMLS), Bright MLS and Midwest Real Estate Data (MRED) over a policy designed to curb pocket listings.
The suit alleged the defendants had violated the federal Sherman Antitrust Act and California’s Cartwright Act for adopting the Clear Cooperation Policy, also known as MLS Policy Statement 8.0, which requires listing brokers to submit a listing to their MLS within one business day of marketing a property to the public. ....

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