Saturday
October 21, 2017

Emerging Issues in MLS

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Emerging Issues in MLS

Get a sneak peek at the discussion topics for the next MLS Technology and Emerging Issues Advisory Board meeting.

Twice a year, NAR’s MLS Technology and Emerging Issues Advisory Board gets together to identify the major issues confronting MLSs, so as to make their meeting — scheduled this year for Aug. 31 and Sept. 1 in Chicago — as productive as possible. These discussions will help determine whether the Advisory Board should recommend action to the Multiple Listing Issues and Policies Committee when it meets at the 2015 REALTORS® Conference & Expo in San Diego this November.  

Here’s what the group will be discussing:

  • Possible changes in IDX policy to require MLSs to include pending listings in IDX data feeds: If adopted, this change would allow MLS participants to display nonconfidential pending sales data, in addition to other listing data already authorized in IDX policy.  Some brokers and agents note that such information is often displayed on nonindustry portals, and they want to provide consumers the same experience on their websites.
  • Possible changes to Section 15 (Arbitration of Disputes) in NAR’s model MLS Rules and Regulations: This is an effort to parallel recent changes in professional standards policies. It would require nonmember MLS participants involved in arbitration to pay awards to the prevailing party or deposit the funds with the association in order to avoid disciplinary action by the MLS Committee.
  • A standardization enhancement: Leading Real Estate Companies of the World suggested establishing a standardized set of IDX fields for all MLSs based on the RESO Data Dictionary. 
  • Intellectual property rights guidance: There are certain copyright risks associated with displaying MLS photographs and it may be useful to provide brokers steps they can take to ensure they have the proper license and authority to submit photos to the MLS.

We’d love to hear what you think about these technology issues and others facing MLSs. Please leave a comment below to join the conversation.

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