Just two days after filing a breach of contract suit against CoStar and Homes.com, REcore Solutions has dismissed its claims with prejudice. This means that it cannot file a lawsuit against the same defendants with the same claims.
California Regional MLS (CRMLS), which receives licensing services from REcore, informed members on Thursday that the suit had been dismissed and that CRMLS listings will once again be sent to Homes.com.
“CoStar Group and CRMLS are delighted to continue their long-standing relationship with no interruption in the flow of CRMLS listings to Homes.com,” an email sent to members and obtained by HousingWire read.
Filed on Tuesday, the lawsuit claimed that CoStar and Homes.com had failed to pay the full amount they owe REcore for monetizing the MLS data they have obtained from the vendor.
Under policies created in compliance with the standards approved by the Department of Justice (DOJ) in its 2008 consent decree with the National Association of Realtors (NAR), REcore does not charge MLS participants who directly contribute to the network effect of the MLS.
Instead, REcore requires entities that use MLS data to generate revenue without representing buyers or sellers to pay for the data usage rights. With CRMLS, the company then distributes the profits obtained from this program back to the listing brokers who provided the MLS content.
CoStar did not immediately return HousingWire’s request for comment.
English