BrokerageIndustry News

NAR changes controversial MLS policy

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NEW ORLEANS -- Responding to antitrust actions and investigations by the U.S. Justice Department and Federal Trade Commission over multiple listing service restrictions for a category of property listings, directors for the National Association of Realtors approved policy changes that allow individual MLS participants to decide whether to implement restrictions on the Internet display of property listings. Laurie Janik, general counsel for the Realtors group, has said that the change is legally significant in that individuals are making decisions rather than MLSs, which represent a group of real estate industry participants. The issue is unrelated to the Justice Department's antitrust lawsuit filed last year against the association over other policies for online property listings display. Under the policy change approved Monday at the group's annual real estate conference, MLS participants may select listings they choose to forward for display -- or not forward -- to Web sites that ar...