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LeadingRE joins push to repeal franchisor IDX indexing

HomeServices of America also asks NAR to reverse course

Editor's note: This story has been updated to include a statement by the National Association of Realtors.Leading Real Estate Companies of the World, a referral network that claims 600 companies representing 150,000 sales associates as members, has added its voice to those calling for the National Association of Realtors to repeal a rule change that allows franchisors to index and display Internet Data Exchange (IDX) listings advertised on their affiliated brokers' websites.National real estate franchisors, including Century 21, began indexing IDX listings in January, hoping to boost website traffic by offering a more comprehensive set of listings data to consumers conducting home searches.Last week, The Realty Alliance --  a referral network of 60 real estate companies whose members include HomeServices of America Inc. -- sent a letter to NAR asking that the franchisor IDX indexing policy be rescinded.The rule creates legal liabilities for brokers, The Realty Alliance said, as franch...

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