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Inman Connect The nation’s second-largest multiple listing service is cracking down on agents and brokers who make a habit of violating its pocket listing policy. As of Monday, Bright MLS, which has about 95,000 subscribers in the Mid-Atlantic region, is only allowing each brokerage one 24-hour grace period per year to fix a violation of its Clear Cooperation (Off MLS) Policy. The policy requires listing brokers to submit a listing to Bright within one business day of marketing a property to the public. Bright’s enforcement change, effective May 10, means that any additional confirmed violations will result in an immediate fine. The fine is $5,000 for a subscriber’s first violation of the rule and $7,500 for a subscriber’s second violation. If the subscriber commits a third violation, their subscription to the MLS will be terminated. Subscribers may appeal fines. ....
Inman Connect It seems a former pocket listing service is not going down without a fight. The PLS, formerly a private listing network for real estate agents, is appealing a dismissal of its antitrust lawsuit against the National Association of Realtors and three of the nation’s largest multiple listing services. In May 2020, The PLS filed a federal antitrust lawsuit against NAR and the California Regional MLS (CRMLS), Bright MLS and Midwest Real Estate Data (MRED) over a policy designed to curb pocket listings. The suit alleged the defendants had violated the federal Sherman Antitrust Act and California’s Cartwright Act for adopting the Clear Cooperation Policy, also known as MLS Policy Statement 8.0, which requires listing brokers to submit a listing to their MLS within one business day of marketing a property to the public. ....