Industry NewsTechnology

HomeServices CEO lashes out at franchisors’ indexing of listings

Peltier: Century 21, RE/MAX could create 'national MLS'
Published on May 3, 2011

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by CareyBot

Allowing franchisors to index and display their brokers' Internet Data Exchange (IDX) listings on their own websites could create an "unacceptable concentration of market power" in the hands of just two franchisors -- Century 21 and RE/MAX International -- according to the ranking executive at the nation's second-largest real estate brokerage company.

Ron Peltier, chairman and CEO of HomeServices of America Inc., is asking the National Association of Realtors to repeal its franchisor IDX rule, implemented in January, saying it raises "significant antitrust concerns."

Before the change was approved, brokerages entering into IDX reciprocity agreements could display the listings of other participating brokers in their market on their own websites,

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