
Unlock MLS declined Compass’ request to end penalties for agents who publicly market listings outside the platform.
Unlock MLS has rejected Compass’ demand to stop penalizing agents who publicly market office-exclusive listings outside the platform. Compass had set an Oct. 6 deadline for a response and threatened to sue if penalties continued.
The Central Texas multiple listing service received a demand letter as part of Compass’ nationwide push against fines for such listings. The National Association of Realtors’ Clear Cooperation Policy requires listings to be submitted to the MLS within one business day of public marketing, though individual MLSs set their own penalties.
Unlock attorney Ellen Sessions said the process starts with a courtesy notice seeking documentation and the seller’s signed certification to exclude a listing from MLS distribution. A confirmed violation carries a $100 penalty per listing; if unpaid, it can rise to $500, according to Unlock’s letter.
Unlock CEO Emily Girard said ignoring the rule would undermine the MLS’s structure. A Compass spokesperson countered that agents should be able to follow a homeowner’s marketing instructions without paying a fine.
Compass attorney Nathan Eimer argued MLSs face antitrust claims because competing firms set rules for one another. California’s CRMLS also rejected Compass’ demands, announced a legal defense fund for MLSs and filed a federal lawsuit seeking a ruling on whether its listing rules violate antitrust law.
This article was produced with the help of AI technology. Source: Yahoo Finance