CoStar, CRMLS resolve licensing fee dispute
REcore, a CRMLS data provider, dismissed the lawsuit it filed earlier this week over unpaid fees. The company had threatened to cut listing feeds to Homes.com.
CoStar and the California Regional Multiple Listing Service appear to have quickly resolved a dispute over licensing fees.
On Oct. 21, REcore Solutions, a provider of MLS data licensing tools and other products — and an offshoot of the California Regional MLS — filed a breach of contract lawsuit against CoStar alleging the portal giant failed to pay $887,500 in fees over a two-year period.
Just two days later, CRMLS sent an email to its members saying it was "happy to announce" that it had renewed its agreement with CoStar Group, and the flow of CRMLS listings to Homes.com would continue uninterrupted. In its previous filing, REcore said it planned to cut off the listing feed to Homes.com on Nov. 1 due to the unpaid fees and other issues.
The email from CRMLS noted that the lawsuit would be dismissed with prejudice, meaning it can't be refiled, but it didn't disclose the terms of the agreement or address other claims raised in the lawsuit.
Nicole Aguilar, chief marketing officer at CRMLS, confirmed in an email that REcore came to a resolution with CoStar, and the MLS had no further comments at this time.
Real Estate News has also reached out to CoStar for comment.