MLS & Associations

Proposal to require that MLSs facilitate broker AVMs picks up steam

MLSs would be allowed to restrict use of data feeds by third parties

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

WASHINGTON -- A committee of the National Association of Realtors approved a proposed policy amendment today that would require multiple listing services to provide data feeds to brokers wishing to use the data to create automated valuations of properties for clients. However, the committee made tweaks to the amendment to clarify that MLSs may restrict how third parties use the data if they obtain it through brokers. “Now we’re very clear that they can limit third-party uses that are appropriate," Bill Lublin, chair of the Multiple Listing Issues and Policies Committee and CEO of Century 21 Advantage Gold, told Inman News. The amendment text, which now heads to NAR's Executive Committee, reads as follows (bolded text indicates changes to the amendment approved today): None of the foregoing shall be construed to prevent any individual legitimately in possession of current listing information, sold information, comparables, or statistical information from utilizing a reaso...