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November 2017   Volume 43, Number 11      
 

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NAR Forced MLS Membership Up for Review

An MLS policy that allows Realtor-affiliated MLSs to force all associates in a broker’s office to obtain subscriptions to the MLS will be discussed at NAR’s legislative meetings this month. NAR’s Multiple Listing Issues and Policies Committee will consider the implications of keeping, eliminating or changing the policy — MLS Policy Statement 7.42 — both for different MLSs and for the industry as a whole, according to Rick Harris, a real estate broker and the committee’s 2016 chair.

The policy is a “local option,” which means NAR does not mandate its adoption. Local MLSs can adopt it for their marketplace at their discretion. According to NAR spokeswoman Sara Wiskerchen, the policy was first adopted in 2002 as a means of addressing the assessment of MLS fees for participants (brokers) with multiple office locations.

Some agents have taken issue with the policy. Jim Weix, owner-broker of The Real Estate Company, Inc. in Stuart, Fla., argues that agents should not be forced to pay for MLS services they don’t want, referring to the current policy as ‘welfare for smaller MLSs.’

“[The current policy] means that little MLSs can force agents to join their MLS, even if there are better MLSs in the same area. This ‘artificial life support system’ allows primarily small MLSs, which are often within the coverage area of large MLSs, to exist,” Weix told Inman via email.

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In this issue:

The 5 Hottest Hipster Real Estate Markets Across America

Could DACA Repeal Impact Real Estate?

Houston Rethinks Real Estate Development After Harvey

Hurricane Irma Not Likely to Affect Florida Real Estate Prices

NAR Forced MLS Membership Up for Review

REIT Investors Look to Alternative Property Sectors for Bigger Returns

Berkshire’s HomeServices of America Acquires Long & Foster

Harvey Victims Facing Temporary Housing Shortage in Houston

Malls Need New Business Model Says CBRE Report

The End of Facebook for Real Estate?

 


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