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Realtors to overhaul MLS policies

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The National Association of Realtors is overhauling its MLS guidelines and policies, some of which have been in place for more than 30 years. The association released a 43-page report, "Consolidated Report and Recommendations of the MLS Policy Review Work Group (October 2002) and the MLS Issues Work Group (March 2004)," that contained its recommendations on revamping Realtor MLS rules, during its board of directors meeting Saturday in Washington, D.C. The report represents a set of recommendations from the association's MLS Policy Review Work Group and the MLS Issues Work Group. The association is accepting comments on its proposed policy revisions, which are expected to be adopted at the association's annual convention in November. A set of "Fourteen Points" originally adopted in 1971 has been substantially reworked and trimmed to 12 points. The recommendations also provide that Realtor MLSs can choose to make statistical reports, sold information and other reports derived from the ...