The board of directors of the National Association of Realtors passed four multiple listing service policy changes Monday, including a broker-backed policy known as “MLS of Choice.”
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The National Association of Realtors (NAR) and the Council of Multiple Listing Services (CMLS) announced a new toolkit this week at NAR’s annual conference that may help make the bumpy road smoother for MLSs considering consolidating, whether through mergers, data and technology sharing cooperatives, group buying or administrative support agreements.
The U.S. Copyright Office is questioning the automated database copyright registrations it has granted to MLSs for decades. These copyright registrations protect the arrangement, selection and coordination of MLS compilations; and if an MLS owns the underlying copyrightable components of its database, such as photographs, listing descriptions and agent remarks, then that copyright extends to those components, according to the National Association of Realtors.
The National Association of Realtors may increase its political advocacy spending by $30 million annually, which could result in an increase in member dues.
Every year, the National Association of Realtors pours ever-more millions of its members’ dues into a for-profit subsidiary that has never produced a profit and which 88 percent of its members don’t use regularly.