Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  October 4, 2005  |   NAR Postpones Internet Listing Display Policy, Reinstates IDX NATIONAL ASSOCIATION OF REALTORSŪ General Counsel Laurie Janik urged MLSs not to adopt the association's new Internet Listing Display (ILD) policy until the lawsuit with the U.S. Department of Justice has been resolved. "We expect the ILD policy to be under attack [by the DOJ]," said Janik, referring to an antitrust suit filed against NAR by the DOJ on Sept. 8. Speaking to REALTORŪ association and MLS executives via a live Webcast Wednesday on REALTOR.org, Janik said MLSs should continue to enforce the existing Internet Data Exchange (IDX) policy that was updated in May. MLSs that adopted the Virtual Office Web Site (VOW) policy may either rescind their VOW rules or stop enforcing the policy's blanket and selective opt-out provisions, the clean page rule that restricts advertising around listings, and the provision that prohibits VOW operators from using their VOWs solely to collect referral fees. NAR believes the lawsuit with the DOJ over how listings are displayed online will last well into next year. Sometime soon, the DOJ will file an amended lawsuit that should shed more light on why it is opposed to NAR's new ILD policy, said Janik. NAR has no plans to settle the case. You view a copy of the Webcastor get more information about the ILD policy at REALTOR.org. —Carolyn Schwaar for REALTORŪ Magazine Online

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!