Categories: REAL ESTATE

Zillow and MRED Spar Ahead of Key Court Hearing This Week


MRED MLS previously asked the court to compel arbitration. Zillow disagrees and wants to head to a hearing on Wednesday.

As Zillow and Chicago’s multiple listing service head toward the first major legal showdown in a case that could determine the future of real estate marketing, the two groups are arguing over whether they should first try to find a settlement outside court.

MRED MLS, the Chicago-based MLS that has become a central player in the struggle over private listings, asked a federal judge this week to send the parties to arbitration.

Zillow sued MRED and Compass in May. At issue was what Zillow described as an illegal conspiracy that targets the portal’s policy requiring listings to be distributed via the MLS and accessible to all members — including the real estate search portals — without first being marketed off-MLS.

Zillow said in its lawsuit that Compass and MRED had worked together to at least threaten to take away Zillow’s access to the listings that power its business.

Zillow briefly lost access to listings throughout Chicagoland and beyond, as MRED said Zillow violated MLS rules by blocking a handful of Compass listings that had been marketed off-MLS.

Zillow quickly won a temporary restraining order that restored access to MRED listings while the parties continued toward a trial. The parties are scheduled to participate in a hearing this week, during which they will further argue over Zillow’s continued access to listings.

The MLS, which recently expanded to accept members anywhere in the nation, has said the court should deny Zillow’s request for a preliminary injunction, meaning the portal would lose access to listings.

Now, the MLS has asked the court to force the parties into arbitration, which could lead to a settlement.

MRED first asked for arbitration in May. Zillow disagreed in a filing Friday, and MRED subsequently reiterated its preference for arbitration in a filing on Monday.

MRED said that its rules already require participants to attempt arbitration before heading to court.

“After compelling arbitration, the Court should decline to address the preliminary injunction motion and should stay all non-arbitrable claims,” MRED wrote in a filing on Monday.

The preliminary injunction hearing is set to start in a federal courtroom in Chicago on Wednesday.

Email Taylor Anderson



Source link

Mainedigitalnews.com

Share
Published by
Mainedigitalnews.com

Recent Posts

A Rehearsal to Save Our Humanity

By Giselle Byrd. Giselle Byrd reflects on the Theater Offensive’s Creative Labor, Creative Conditions activations…

2 days ago

Chris Drury has 2 big tests coming up

Despite the positive offseason, the Rangers are still transitioning their core this season and are…

2 days ago

REX launches 2x leveraged ETF tied to Bitcoin treasury firm Strive

The new ASSX fund offers 2x daily exposure to Strive shares, giving traders a leveraged…

2 days ago

10 of the best TV shows to watch this October

From adaptations of East of Eden and Carrie to a new serial killer thriller Source…

2 days ago

Why Star Chapter Books Became an Instant Classroom Favorite

Finding the right books for students who have graduated from leveled readers and decodable texts…

2 days ago

Is Zara Larsson Still Performing in Abu Dhabi?

Photo: Jason Kempin/Getty Images Zara Larsson says she’s pulling out of her scheduled performance at the…

2 days ago