BrokerageIndustry News

FTC examines MLS listings block policy

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The Federal Trade Commission is taking a close look at a multiple listing service policy in Texas that prevents the display of some for-sale property listings at home-search Web sites including, and Internet data exchange Web sites through which local brokers share listings online. David M. Foster, CEO and president for the Austin Board of Realtors, which owns the Austin/Central Texas Realty Information Services local MLS, said last week that the FTC has asked the association to provide information about its MLS policy, which was approved in February and recently enacted. "We are supplying information to them," he said. "Since this policy originally comes from the National Association of Realtors, we're confident that there is nothing amiss. We get our MLS policy directly from (the national association)." The Austin board represents about 6,500 Realtors in Central Texas. "We are confident of the outcome," Foster said of the FTC investigation. Some ...