WASHINGTON -- An influential committee that considers policies for multiple listing services has voted to recommend that the National Association of Realtors suspend until November a recent rule change that allows franchisors to index and display Internet Data Exchange (IDX) listings in markets where they have obtained permission to do so from their franchisees.
Before the rule change was implemented in January, franchisors were limited to displaying listings represented by their franchisees. IDX listings include all listings of participating brokers in a given market served by a multiple listing service.
A number of brokerages who belong to two brokerage networks -- The Realty Alliance, and Leading Real Estate Companies of the World -- have objected, saying that franchisors are not participants in multiple listing services and should not have the right to display IDX listings.
Critics have said the rule change puts small independent brokers at a disa...