MLSs may soon be required to provide pending listing information in agent and broker listing feeds, giving brokers the choice of whether to display the information on their websites for consumers.
- NAR's Multiple Listing Issues and Policies Committee approved three policy proposals on Saturday. The first would require MLSs to provide "non-confidential pending sale listing data" in IDX feeds, giving brokers the option of whether to display the data to consumers.
- The second proposal would add language to NAR's model MLS rules allowing MLSs to impose sanctions on non-Realtor members that fail to deposit arbitration awards with the association.
- The third proposal would add information to NAR's MLS policy handbook stressing the importance of complying with the safe harbor provisions of the Digital Millennium Copyright Act (DMCA) to protect Realtors and MLSs from copyright infringement liability.
The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills