Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

WASHINGTON – A committee in charge of recommending policies to the National Association of Realtors' board of directors has removed language from a controversial policy amendment that would have allowed multiple listing services to charge all members for the costs of establishing and promoting public-facing websites.NAR's Executive Committee has pulled language stipulating that the "establishment, maintenance or promotion of public-facing websites" be included on a list of services that MLSs should be allowed to define as "basic," according to NAR Director Shad Bogany, chairman of the Texas Association of Realtors.Bogany serves as a member of the Multiple Listing Issues and Policies Committee, which on Thursday approved a proposed amendment to NAR's model MLS rules that would hav...