- The legal beef between The PLS (Private Listing Network) and the National Association of Realtors (NAR) has reached a dramatic climax with the case being dismissed, as of now.
- NAR dodged the money bullet this time! The realty heavyweight came out of the courtroom cool as a cucumber, without shelling out a single dime or changing a single rule.
- But…oh twist! The PLS, like a shrewd poker player, retains an ace up their sleeve. Yes, the case can be reopened if NAR refuses to play ball and doesn’t strike a satisfactory arrangement. The plot, it seems, thickens!
A Real(lty) Game of Thrones!
Plucky PLS vs Mighty NAR
There you were thinking the real estate market was just about boring market reports and property verticals, and boom! out comes this juicy, soap-opera type drama pitting the plucky underdog PLS against the thrashing titan, NAR. It seems the intriguing sagas of lawsuits and countersuits in the high-stakes world of realty are far from over.
NAR’s Clean Break? Not So Fast!
The real twist in the tale is the conditional dismissal of the case. NAR, on the surface, seems to have escaped without damaging its wallet or its playbook. However, with the clause that The PLS can revive the case if they don’t reach an agreement, is tantamount to leaving a sword hanging over NAR’s head. A silent understanding that says – “Dear NAR, we can do this dance all over again”.
So, will these titans come to an understanding? Or will we be popcorn in hand, sat on the edge of the seat waiting for a snarling rematch? Only time will tell!
Original article: https://www.inman.com/2024/01/30/pocket-listing-suit-against-nar-paused-for-settlement-talks/
