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.
Caballero, who serves on the board of directors of Dallas metro area Greater Metro MLS, is at Real Estate Connect New York City to drum up support for the bill of rights and get comments that he’ll incorporate into a revised version. After the comment period ends on Feb. 15, the revised bill of rights will be sent out for accreditation by members.
Caballero will be in the Chrysler Board Room at the Grand Hyatt New York today between 11:30 a.m. and 2:30 p.m. to discuss NAREP’s bill of rights draft. Download a copy of the draft here.
The current bill of rights was inspired by meetings Caballero had at the National Association of Realtors national meeting in Orlando in November, and was based in part on Clareity Security’s Real Estate Syndication Bill of Rights released in 2011.