Michigan’s biggest MLS agrees to pay $3.25M to settle allegations it restrained competition

Michigan’s largest multiple listing service, Realcomp II Ltd., has reached a preliminary agreement to settle a 2010 class action lawsuit for $3.25 million. The lawsuit was prompted by Realcomp’s refusal to transmit “exclusive agency” listings — a type of listing agreement sometimes employed by discount brokers — to realtor.com and other public-facing websites. …

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