Around 16 months after it was filed, Compass announced today that it has reached an agreement to resolve its antitrust lawsuit against Washington-based Northwest Multiple Listing Service (NWMLS), ending what had been a high-stakes and sharply contested dispute that cut to the heart of the larger private listing debate. In a statement, Compass CEO Robert…
Private listings and networks remain a hot-button issue in real estate, one where sharp lines are being drawn—with MLSs playing a critical role. Recently, Compass announced a partnership with Midwest Real Estate Data (MRED) to bring that MLS’s private listing network nationwide. Other MLSs, such as Tennessee’s Realtracs, have also gone national, even if the…
Chicago-based MLS Midwest Real Estate Data (MRED) maintains a private listing network, which it has consistently defended even against pressure from other industry power players such as Zillow. Now, MRED’s private listing network is expanding outside Illinois, following an announcement on April 24 that the MLS is partnering with Compass to take its whole platform…