Homes.com has regained access to California for-sale listings after the state’s main multiple listings service threatened to cut off the site’s data feed.
ReCore Solutions, a provider of data licensing for the California Regional Multiple Listing Service (CRMLS), had filed suit against Homes.com and its owned CoStar Group due to a reportedly unpaid subscription bill. ReCore had also threatened to cut off Homes.com’s listing feed, potentially neutering the site in the most populous state in the country.
However, the parties have settled. CRMLS posted a statement on its website Thursday Oct. 23, reading:
“CoStar Group and CRMLS are happy to announce that they have renewed their long-term agreement under which Homes.com will continue to receive CRMLS listings. An action filed Tuesday by REcore concerning such listings is being dismissed with prejudice. CoStar Group and CRMLS are delighted to continue their long-standing relationship with no interruption in the flow of CRMLS listings to Homes.com.”
U.S. property portals such as Homes.com and Zillow gain listings feeds from MLS’s by obtaining brokerage licenses and registering with the services as brokerages. But unlike actual brokerages, which get the listings feeds as a membership benefit at no extra costs, portals pay extra.
ReCore told industry news site Inman that Homes.com agreed to pay about $2 per listing displayed on the portal.
