69 °f
Los Angeles
Saturday, February 4, 2023
Find the best California real estate agents and their listings for sale here, plus leading industry intel
  • About
  • Advertise
  • Careers
  • Contact
California Listings
  • HOME
  • DAILY CONTENT
    • NEWS
    • DATA
    • CELEB-TECH
    • LISTING OF THE DAY
    • WATCH NOW
  • LISTINGS
  • AGENTS
  • NEWSLETTER
  • MAGAZINE
  • ADVERTISE
No Result
View All Result
NorCal
SoCal
California Listings
No Result
View All Result

Supreme Court Denies NAR Petition

January 18, 2023
Reading Time: 2 mins read
32
SHARES
128
VIEWS
Share on FacebookShare on Twitter

The National Association of Realtors have failed to convince the Supreme Court to take on the never-ending saga surrounding pocket listings. The court denied the petition this week, without comment, which allows a lawsuit filed by former pocket listing service to proceed.

NAR, along with three of the largest multiple listing services in the nation—including the California Regional MLS—filed the petition last Fall, asking the Supreme Court to review a ruling by the Ninth U.S. Circuit Court of Appeals. That ruling allowed a case filed by former pocket listing service, The PLS, to proceed.

In May 2020, the PLS filed a federal antitrust lawsuit against NAR, CRMLS, Bright MLS and Midwest Real Estate Data over a policy designed to cut pocket listings. According to Inman, the suit alleges the defendants violated the federal Sherman Antitrust Act and California’s Cartwright Act for adopting the Clear Cooperation Policy, which requires listing brokers to submit a listing to their MLS within one business day of marketing a property to the public. 

Initially dismissed, the case got a second wind with the Ninth Circuit ruled the PLS could proceed with its lawsuit earlier this year.

Since it was first filed, the lawsuit has caught the attention of the Justice Department, who is now investigating NAR over the Clear Cooperation Policy and other rules. 

Tags: narnational association of realtorspocket listingssupreme courtthe PLS
Next Post
Jeg Empty

Pacaso Launches Low-Down-Payment For Second-Home Buyers

Be the first one to reply

LatestLikesActive

Your Reply

Email me when new replies get posted.
Powered by Forym

Insert a File

Add file by URL
Cancel

Insert your link.



Open link in a new page.
Cancel

Select Emoji.

Select Templates.

Insert private content

Who can see the private content?

Cancel
  • ABOUT
  • CONTACT US
  • ADVERTISE
  • PRIVACY
Call us: (310) 807-7350

[Valid RSS]© 2022 California Listings, LLC

No Result
View All Result
  • HOME
  • DAILY CONTENT
    • NEWS
    • DATA
    • CELEBRITY
    • LISTING OF THE DAY
    • WATCH NOW
  • LISTINGS
  • AGENTS
  • NEWSLETTER
  • MAGAZINE
  • SOCAL
  • SHOP
  • ABOUT
  • CONTACT
  • ADVERTISE
  • PRIVACY

[Valid RSS]© 2022 California Listings, LLC