On Thursday, February 26, NAR offered testimony on patent troll demand letter practices and solutions in front of the U.S. House Committee on Energy and Commerce, Subcommittee on Commerce, Manufacturing, and Trade.
Testifying on behalf of NAR and its Leadership Team was Vincent Malta, broker of record for Malta & Company in San Francisco, and the NAR Liaison for Law and Policy.
In the real estate industry, patent trolls have targeted REALTOR® brokers, agents, and multiple listing services for implementing simple website technologies. In 2013, more than 2,600 companies were sued by patent trolls, representing 67 percent of all patent infringement cases brought that year.
You can read Malta’s full testimony here.