First there was an 18 month process that ultimately culminated in NAR OKing indexable IDX listings on franchisor sites…then came the response from a group of independant brokerage collective organizations who wanted the policy repealed. At NAR’s recent midyear meetings, the board decided to alter the MLS committee’s recommendation and voted to change IDX on franchisor sites such as Century21.com, REMAX.com, and KW.com to “opt-in”.
From NAR’s internal news:
The decision to add the opt-in centered on the directors’ concerns about the availability of listing information to non-participants without brokerages’ consent. Brokers representing Leading Real Estate Companies of the World, Home Services of America, and the Realty Alliance led the way toward the policy change; those companies oppose the new IDX policy and had backed a failed proposal to repeal the policy.
Blogger, Broker and member of the MLS committee Jay Thompson did an excellent write up of several of the issues discussed at the midyear meetings here and indicated that he would opt in (his brokerage is independant). At RealEstateIndustryWatch, we asked a number of agents around the country and found that almost all of them did not understand the issue and what it was about.
The most striking thing to us was how many real estate people who could (and likely would) be affected by the decision simply were not informed, underinformed, or simply misinformed.
How will this affect franchises who have their websites setup with their franchisors?
How will this affect independent brokerages?
In an effort to get people in our industry up to speed on the issue of whether IDX on Franchisor sites is acceptable or not and if so, under what conditions, we recommend that you read the following resources:
Rob Hahn’s original write up and explanantion of the issues from last November
Jay Thompson’s write up following the NAR Midyear meetings
and we will be adding other resources to this list as bloggers and other sources provide them.
Then we would like you to vote for the option you think most accurately reflects your views in our poll. Please take the time to take the poll!
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Hi Eric-
Thanks for the link to Jay Thompson’s piece. I have a much better understanding of the Franchise IDX feed issue now. Although personally I agree with Jay and I don’t see any downside to Franchise-level IDX feeds, I like the opt-in (or opt-out) idea to give brokers the choice.
Thanks for the links of Rob Hahn’s original write up and explanantion of the issues from last November as well Jay Thompson’s write up. Indeed, this was very useful and informative. Jay Thompson really did an excellent write up.
This could hit on several independent real estate businesses. With our economy down nowadays, I think the move made was for the common good. I can’t see a downside for the franchise at the moment but soon many will arise. From
Siesta Key homes for sale</a, many are engaging to home businesses that might be interested with this news. Thank you for the link.
Jay Thompson is really a real estate artist! Franchise IDX feed issue can really be a pain great explanation!!
Thanks for the article and yes I am apart of a chain but I run my site separate, I worked for REMAX for 2 years and lost all my work. So the national chains already have a leg up and if everybody would just cut there feed to zillow and places like that it would cut them out completely but we all have to do it.
Yes thanks for the article. I too run my site separate from RE/MAX. They do have a leg up, but cutting them out in this information age we live in won’t help. The data is out there, and they will find it.
Once again, great article! Thanks to you AND Jay for clarification. I have been asking many peolle about this issue for months and they always seem to leave with more questions than they provide explanations!
Thanksfully I came here for completely different information, saw this articles, and am now “informed”. Now I can forward this to my curious counterparts.