By Brian Summerfield, Online Editor, REALTOR® Magazine
In a move bound to please real estate commentator Fred Glick, the National Association of REALTORS®’ Board of Directors approved a recommendation to adopt a statement of multiple listing policy pertaining to property pictures as a condition of inclusion in an MLS.
Here is the statement in its entirety:
Multiple Listing Services may, as a matter of local discretion, require submission of a reasonable number of photographs or other graphic representations that accurately depict listed property except where sellers expressly direct that photographs of their property not appear in MLS compilations.
The Board also approved statements of policy regarding time-on-market and price-change data. MLSs are not required to include this information, but if they do, it must be open and accessible for clients and customers.
According to the new policy, however, “classification as nonconfidential does not authorize inclusion of such information in advertisements, including IDX display, of other participants listings.”