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The National Association of Realtors® has reached a favorable settlement with the U.S. Department of Justice, resolving litigation between them regarding how listings from multiple listing services are displayed on brokers’ virtual office Web sites. The proposed final order, to be filed with the federal district court in Chicago today, validates NAR’s longstanding Internet Data Exchange (IDX) policy and strengthens the rule governing participation in multiple listing services.
Working with regulators and lawmakers at all levels of government, NAR is pushing for actions that will get the nation through the housing and mortgage crisis and positively affect families and the U.S. economy. In the current housing market, the value of Realtors® and the services and resources they provide, including the MLS, has never been greater.