Internet Listing Display

<p> In this short video, Saul Klein presents a brief history of the internet listings display issue that helps to put into proper perspective the recent DOJ-NAR settlement. </p> <p> <a href="http://www.realtown.com/about/resources/InternetListingDisplayResource/ILD-History">http://www.realtown.com/about/resources/InternetListingDisplayResource/ILD-History</a> </p>

<p> We never liked the idea of using an e-mail address as a way to verify a customer wanting access to one&#39;s VOW. The method proposed is absurd, and is insulting if one has a basic understanding of e-mail. </p> <p> For a &quot;no holding back&quot; opinion on this, go to: </p> <p> <a href="http://www.realtown.com/about/resources/InternetListingDisplayResource/Identity-Requirement">http://www.realtown.com/about/resources/InternetListingDisplayResource/Identity-Requirement</a> </p> <p> Saul </p> <p> Saul Klein </p> <p> President/CEO, InternetCrusade </p> <p> <a href="http://internetcrusade.com/">http://InternetCrusade.com</a> </p> <p> CEO, Point2 Technologies </p> <p> <a href="http://point2.com/">http://Point2.com</a> </p>

<p> NAR President Dick Gaylord listed several good reasons why the settlement was a win for NAR: </p> <p> First, the proposed settlement preserves and strengthens the MLS as a means for broker-to-broker cooperation that serves real estate professionals who are actively engaged in listing or selling property in that MLS by increasing the threshold for brokers seeking to become participants in a multiple listing service. </p> <p> Second, the settlement acknowledges the success of the IDX policy, allowing it to remain, unchallenged and unaltered. </p> <p> Third, the settlement allows NAR to put in place a revised VOW policy to provide rules for those brokers wishing to deliver brokerage services using a VOW. For the past four and a half years, there have been no rules due to the investigation and litigation. </p> <p> Finally, by settling the case, we can avoid costly litigation and focus all of our resources on helping our members strengthen the housing market, our communities and our businesses. </p> <p> <a href="http://narblog1.realtors.org/mvtype/president/2008/05/why_settle_with_doj_posted_by.html">http://narblog1.realtors.org/mvtype/president/2008/05/why_settle_with_doj_posted_by.html</a> </p>

<p>By the end of the year, Member Boards must have in place the new Modified VOW Policy as described in Exhibit A to the Final Judgment. For a summary see <a href="http://www.realtown.com/about/resources/InternetListingDisplayResource/FinalJudgmentSummary">http://www.realtown.com/about/resources/InternetListingDisplayResource/FinalJudgmentSummary</a></p> <p><a href="http://internetcrusade.com/DOJ_VS_NAR/DOJ_ExhibitA.pdf">http://internetcrusade.com/DOJ_VS_NAR/DOJ_ExhibitA.pdf</a></p> <p>There are rules regarding advertising, placing third party comments and automated valuations next to listings, and stating the name of the listing agent as well as the listiing firm. &nbsp;As you read the provisions of the new policy, what issues do you think need further clarification?</p>

<p> Exhibit B to the Final Judgment addresses the issue of who can participate in the MLS. Having a broker license is not sufficient. There are now key words such as &quot;actively endeavors&quot; during the operation of its real estate business to make or accept offers of cooperation and compensation. A broker who only takes the MLS feed to attract consumers to refer them to other brokers will no longer qualify for MLS membership. </p> <p> How will this affect current users of the MLS? Will referral only companies who want the MLS feed find ways around this new requirement?<br /> <a href="http://internetcrusade.com/DOJ_VS_NAR/DOJ_ExhibitB.pdf">http://internetcrusade.com/DOJ_VS_NAR/DOJ_ExhibitB.pdf</a> </p> <p> <a href="http://www.realtown.com/about/resources/InternetListingDisplayResource/FinalJudgmentSummary">http://www.realtown.com/about/resources/InternetListingDisplayResource/FinalJudgmentSummary</a> </p>