MLS committee gives nod, in concept, to new ways to display property listings

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ANAHEIM, Calif. -- A National Association of Realtors committee today recommended that the trade group's board of directors, which meets Monday, erase a controversial policy relating to franchisors' pooling and display of Internet Data Exchange listings on their websites. The NAR Multiple Listing Issues and Policies Committee also approved, in concept, suggested language to broaden the group's IDX policy to also apply to mobile apps and social media, while eliminating RSS feeds from consideration for the new policy language.A new work group will be created to draw up formal policy and rule suggestions that will be considered by the MLS committee during its next meeting, in May 2012, so any of those policy and rule changes will not be considered by the NAR Board of Directors until that meeting, at the earliest. An IDX Policy Presidential Advisory Group, formed by the committee, had suggested a series of changes to the existing IDX policy, which committee members chose to a...