BrokerageIndustry News

New Jersey MLS tosses restrictions for display of listings

Several MLSs reverse policies amid FTC investigations

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The New Jersey Multiple Listing Service, a regional MLS in Northern New Jersey that is owned and operated by two local Realtor organizations, has withdrawn a policy that prevented some property listings from reaching and several other home-search Web sites. While New Jersey MLS officials were reportedly contacted by representatives for the U.S. Federal Trade Commission -- an agency that has been investigating similar policies at more than a dozen other MLSs across the country -- MLS officials stated in a communication to members this month that the decision to rescind the rule was in response to the practices of neighboring MLSs. National Association of Realtors general counsel Laurie Janik announced earlier this year that 14 separate government investigations had been launched over MLS policies that prevent some property listings information from being publicly displayed on some public Web sites. The Realtors Association of Northeast Wisconsin MLS changed its restriction...