Franchisor IDX an Opt In according to NAR Real Estate Tips

Franchisor IDX an Opt In according to NAR

Jun 27, 2011 Real Estate Advice

First there was an 18 month process that ultimately culminated in NAR OKing indexable IDX listings on franchisor sitesthen came the response from a group of independant brokerage collective organizations who wanted the policy repealed. At NARs recent midyear meetings, the board decided to alter the MLS committees recommendation and voted to change IDX on franchisor sites such as Century21.com, REMAX.com, and KW.com to opt-in.

From NARs internal news:

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.

Blogger, Broker and member of the MLS committee Jay Thompson did an excellent write up of several of the issues discussed at the midyear meetings here and indicated that he would opt in (his brokerage is independant). At RealEstateIndustryWatch, we asked a number of agents around the country and found that almost all of them did not understand the issue and what it was about.

The most striking thing to us was how many real estate people who could (and likely would) be affected by the decision simply were not informed, underinformed, or simply misinformed.

How will this affect franchises who have their websites setup with their franchisors?

How will this affect independent brokerages?

In an effort to get people in our industry up to speed on the issue of whether IDX on Franchisor sites is acceptable or not and if so, under what conditions, we recommend that you read the following resources:

Rob Hahns original write up and explanantion of the issues from last November

Jay Thompsons write up following the NAR Midyear meetings

and we will be adding other resources to this list as bloggers and other sources provide them.

Then we would like you to vote for the option you think most accurately reflects your views in our poll. Please take the time to take the poll!

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