REALTORS® Urge Action on Patent Trolls

Representatives of the National Association of REALTORS® testified before Congress late last week in an attempt to curb the activity of “patent trolls.”  Patent trolls are companies that use the threat of patent litigation to extort licensing fees from unsuspecting end-users.  In recent years, real estate agents and brokers have been targeted by patent trolls for allegedly infringing patents for searchable online listing databases on their websites.

You can read more about this issue at http://realtormag.realtor.org/daily-news/2015/02/27/realtors-urge-action-patent-trolls.   The National Association of REALTORS® has also created a website with resources on patent litigation reform (http://www.realtor.org/topics/Patent-Litigation-Reform) and a video that outlines the options available to an entity that receives a demand letter requesting payment of a licensing fee from a patent troll (https://www.youtube.com/watch?v=slbHzVbF8ng).