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FSBO site channels listings to Realtor.com

Move Inc.: Just don't call them FSBO listings

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ForSaleByOwner.com may be helping homeowners put listings on Realtor.com, but don't call them "for-sale-by-owner" listings, site operator Move Inc. says. ForSaleByOwner.com, a non-broker Web site that assists sellers in marketing their properties, is now offering to place customers' listings on Realtor.com for $200. The company claims the proposed settlement of an antitrust suit the Department of Justice filed against the National Association of Realtors creates "new direct access" to NAR's official listings portal. Move Inc., which operates Realtor.com on behalf of NAR, says the settlement does not allow for-sale-by-owner properties to be placed on the site, and that ForSaleByOwner.com is misleading consumers and Realtors by suggesting otherwise. A ForSaleByOwner.com executive told Inman News the company is placing listings on Realtor.com on behalf of its clients through its relationships with licensed real estate brokers, who enter the properties in a ...