Industry NewsTechnology

NAR repeals franchisor IDX display

Presidential advisory group sees syndication as alternative
Published on Nov 14, 2011

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by CareyBot

ANAHEIM, Calif. -- The National Association of Realtors board of directors today approved a repeal of a provision of multiple listing service policy allowing real estate franchisors to display an aggregation of affiliates' Internet Data Exchange feeds in online search results at franchisors' websites. The repeal is effective immediately.

Linda Bonarelli Lugo, a Realtor in Long Island, N.Y., spoke in opposition to the repeal, stating that "franchisors out there ... have spent a lot of money and time," in implementing the provision, and "it is an unfair burden if it gets passed." She also said, "If we rescind this policy we are opening ourselves up to potential lawsuits," including "restraint of trade."

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