Inman reports on Zillow Group's annual MLS Forum, which featured Partner David Kully as a panelist among company executives and other data and federal regulation professionals in attendance.
The issue at the forefront of the forum was the Federal Trade Commission and Department of Justice's plans to more closely examine real estate competition and possible antitrust issues in the industry. Mr. Kully commented on multiple service listings (MLSs) used by brokers.
“MLSs are very special, very important," stated Mr. Kully. "That’s actually what’s behind a lot of the antitrust enforcement in this area, is the recognition that MLSs are so important that brokers can’t really meaningfully compete in any local area without being a member of the MLS that serves that area."
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