"In compliance with the standards approved by the Department of Justice (DOJ) in its 2008 consent decree with the National Association of Realtors (NAR), the company does not charge MLS participants who directly contribute to the network effect of the MLS. Instead, the REcore fee structure requires entities that use MLS data to generate revenue, without representing buyers or sellers, to pay for those usage rights."
"At the time, REcore said CoStar representatives verbally committed to paying for access to the MLS listing data. In these same conversations, Homes.com criticized competitors in the portal space who used IDX data feeds to monetize listings without returning any of those proceeds going back to listing brokers, REcore claims. Homes.com also represented that they would not become a participating broker and would not use an IDX data feed to provide listings to their website."
REcore does not charge MLS participants who directly contribute to the network effect of the MLS, following DOJ standards from the 2008 NAR consent decree. Entities that use MLS data to generate revenue without representing buyers or sellers must pay for usage rights under REcore's fee structure. CRMLS requires REcore to distribute profits from monetization back to the listing brokers who provided original MLS content so contributors receive compensation. The dispute traces to CoStar's acquisition of Homes.com, where Homes.com allegedly promised not to use IDX feeds, later applied for an IDX feed, and signed REcore's January 2024 licensing agreement agreeing to pay roughly $2 per displayed MLS listing.
Read at www.housingwire.com
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