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REALTORS handed win in patent troll suit

Jul 20, 2015
After nearly eight years of litigation and three appeals, real estate professionals were handed a win in a landmark patent infringement case. A federal circuit court of appeals affirmed a lower court ruling granting summary judgment to Move Inc., the National Association of REALTORS, and the National Association of Home Builders that they did not violate patents in the display of properties on websites.
 
Patent trolls have become a pressing issue in the real estate industry. REALTORS across the country have reported receiving threatening demand letters or even faced lawsuits alleging patent infringement for the use of common business tools, such as drop down menus, search alert function on websites, and even the scanner function on a copier. The companies alleging the infringement are trying to collect licensing fees in exchange for the use of the tools. 
 
To read the entire NAR press release, click here
Featured Content

Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

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