May 16, 2011
NAR approves data-sharing policy change
16 May 2011
Posted by Andrew Kantor
UPDATE: The decision mentioned below includes a directive that this matter be referred back to NAR’s MLS Committee (or work group) for further study, with a report back to the Executive Committee and Board of Directors in Anaheim at the 2011 Convention. So the “opt-in” provision may or may not survive — the policy could be completely rewritten. So if you think the matter is settled, it isn’t. –AK
After much discussion at its mid-year meeting, NAR’s Board of Directors approved a change to its IDX policy.
[T]he directors voted to add an opt-in provision, effective 30 days from passage, to the “franchisor index and display” portion of the Internet Data Exchange (IDX) policy that the board adopted in November 2010. That provision gives franchisors the right to index and display listing data from their franchisees’ IDX feeds on their national Web sites.
The decision to add the opt-in centered on the directors’ concerns about the availability of listing information to non-participants without brokerages’ consent. Brokers representing Leading Real Estate Companies of the World, Home Services of America, and the Realty Alliance led the way toward the policy change; those companies oppose the new IDX policy and had backed a failed proposal to repeal the policy.
Because the issue of IDX data sharing is complex, we are simply going to point you NAR’s resources on the topic. We’ll be covering the issue in depth in the July/August issue of Commonwealth.