BrokerageIndustry News

Should lockboxes be mandatory?

NAR revisiting rule governing 'optional' MLS, association services
Published on Nov 13, 2012 | Updated on Apr 23, 2013

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by CareyBot

ORLANDO, Fla. -- The National Association of Realtors is considering whether multiple listing services and Realtor associations will be allowed to require that their members pay for some services that are now considered optional, such as lockboxes.

At least three MLSs have notified NAR of their desire to require all of their subscribers to pay for lockbox services, citing security issues when members don't use the devices, and potential cost savings from universal member participation.