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NAR repeals franchisor IDX display

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ANAHEIM, Calif. -- The National Association of Realtors board of directors today approved a repeal of a provision of multiple listing service policy allowing real estate franchisors to display an aggregation of affiliates' Internet Data Exchange feeds in online search results at franchisors' websites. The repeal is effective immediately.Linda Bonarelli Lugo, a Realtor in Long Island, N.Y., spoke in opposition to the repeal, stating that "franchisors out there ... have spent a lot of money and time," in implementing the provision, and "it is an unfair burden if it gets passed." She also said, "If we rescind this policy we are opening ourselves up to potential lawsuits," including "restraint of trade."But Ted Loring, who led an NAR presidential advisory group to evaluate the controversial policy -- which had pitted franchise companies against some large brokerage entities that are not franchisors -- addressed the board and explained that the origin...