Nov 15, 2011
NAR rescinds "Franchise IDX" (and yes, this may affect you)
15 Nov 2011
Posted by Andrew Kantor
At it’s annual meeting in Anaheim, the NAR Board of Directors voted to rescind the Franchise IDX policy, which allowed national real estate franchises access to MLS listings anywhere they had a local office with an MLS participant.
We covered the issue in the July/August Commonwealth — see Rob Hahn’s wonderfully in-depth piece.
Essentially, many independent firms wanted MLS access restricted to participants only — franchises shouldn’t (they argued) be allowed to share data with their national offices. But many large franchises argued that expanding MLS access was necessary for the future of the real estate business in the Internet age.
After much discussion, NAR has decided to keep MLS access limited to local participants, although it has tasked a work group to look at broadening MLS access to the Internet (mobile devices, social media, etc.)
This blog entry doesn’t do the issue justice; read Rob Hahn’s piece to get the details.