The network’s lawsuit says it is in competition with NAR for membership fees. Pocket listings include private listing networks, email blasts, “coming soon” announcements, yard signs, flyers and other tactics that market homes outside Realtor-run MLS directories. NAR adopted the policy after members complained that pocket listings were discriminatory and unfairly left many buyers out of the running for desirable homes. According to the lawsuit, more than 80% of homes sold in the U.S. Under the policy, which took effect on May 1, real estate agents must add a home to the MLS within one business day after they start marketing it publicly. markets, complained that NAR’s newly adopted “clear cooperation policy” seeks to shut their operation down. Top Agent Network Inc., a private service made up of nearly 10,000 real estate agents in 31 U.S. A San Francisco-based agent network that privately markets homes outside the Realtor-run “multiple listing service” sued the National Association of Realtors in federal court this week, accusing the trade group of stifling competition when it banned “pocket listings” last November.
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