BrokerageIndustry News

Broker snubs limited-service listings

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Editor's note: In this two-part series, Inman News looks at difficulties flat-fee brokers who offer limited services have faced in getting their listings published more widely on the Web. Part 1 highlights one Wisconsin-based full-service broker's decision not to display limited-service or exclusive-agency listings, and the National Association of Realtors policy adopted by other multiple listing services that could lead other brokers to do the same. Part 2 examines why the U.S. Federal Trade Commission and limited-service brokers have viewed "MLS approved" Web sites, including brokerages' Internet Data Exchange (IDX) sites, as an important source of information for consumers. With the backing of its multiple listing service, one of Wisconsin's largest real estate brokerages, Shorewest Realtors, is blocking exclusive-agency listings and those under contract with limited-service brokers from appearing on the company's public-facing Web site. Some limited-service ...