Will NAR crackdown force MLSs to play by the rules?

Trade group put some 90 MLSs on notice to comply with required data standards

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The National Association of Realtors (NAR) is using its considerable muscle to crack down on multiple listing services (MLSs) that aren't toeing the line. On Jan. 31 and Feb. 1, the 1.3 million-member trade group put some 90 MLSs on notice: comply with the data standards required by NAR policy within the next 60 days or lose NAR liability insurance coverage. Nearly four weeks in, whether the majority of those MLSs take heed remains to be seen. Realtor-affiliated MLSs were required to implement the Real Estate Standards Organization (RESO) Data Dictionary and Web API standards on January 1, 2016, and June 30, 2016, respectively. That means about 12 percent of the nation's 700 or so MLSs -- the vast majority of which are Realtor association owned and operated -- have been out of compliance for years. RESO estimates that a maximum of 75,000 MLS subscribers are on MLS platforms that have never adopted the RESO Data Dictionary and a maximum of 275,000 MLS subscribers are on MLS p...