New group proposes 'syndication bill of rights' for listings

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NEW YORK — The National Association of Real Estate Professionals, a Dallas-based nonprofit, has released a syndication bill of rights meant to establish industry standards for the display of listings on national real estate search portals.

Longtime real estate agent Ben Caballero founded NAREP in September 2012, initially proposing that brokers band together to build a national multiple listing service to bypass publishers like Zillow, Trulia and Realtor.com. Caballero said he was motivated by frustration with the listing inaccuracies and misleading price estimates found in some publishers’ listing databases.