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04/11/2008
| 2005 Midyear Meetings: NAR's Virtual Office Web Site Policy News At the 2005 Midyear Legislative Meetings, the NATIONAL ASSOCIATION OF REALTORS'® (NAR) Virtual Office Web site (VOW) policy was in tight focus. To resolve a 20-month dispute with the U.S. Department of Justice over certain elements of its VOW policy, NAR took the initiative and authorized its leadership to develop a single, uniform policy governing the display of Multiple Listing Service data on Internet Web sites. It also postponed the implementation of its existing VOW policy until January 1, 2006, to allow time to develop the new policy. The NAR Board of Directors approved a revised IDX (Internet Data Exchange) during the 2005 Midyear Meetings. The revised IDX policy serves as the foundation for NAR's continuing discussions with the U.S. Department of Justice. It is possible that the IDX policy may serve as the basis for a simple, comprehensive MLS/Internet policy. Implementation information, including model rules and updated FAQs, will be provided when available. Read the revised IDX Policy > _________________________________________________________________________________________________ The following news releases and news analysis offer insight into the VOW developments at the 2005 Midyear Meetings. May 14 NAR Takes Initiative to Resolve VOW Policy Dispute To resolve a 20-month dispute with the U.S. Department of Justice, NAR authorized its leadership to develop a single, uniform policy governing the display of Multiple Listing Service (MLS) data on Internet sites. (NAR Public Affairs news release) Read more > Board of Directors Report: NAR Board Blends IDX, VOW Policies; Rejects Standards Initiative Closing the 2005 REALTORS® Midyear Legislative Meetings & Expo — which which ran May 10-14 — the Board of Directors Meeting focused on NAR's initiative to blend IDX and VOW to resolve a dispute with the U.S. Department of Justice, rejection of the Real Estate Standards Institute (RESI) standards of practice and NAR's fiscal health. (NAR Public Affairs news release) Read more > May 12 NAR, DOJ to Negotiate Enhanced IDX Policy
News Analysis -- Virtual Office Web Site Policy: A Cause Worth Fighting For NAR could face a legal battle with the federal government over whether brokers can choose to keep their listings off of others’ Web sites. (News analysis courtesy of REALTOR® Magazine Online.) Read more >
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