By Robert Freedman, Senior Editor, and Brian Summerfield, Online Editor, REALTOR® Magazine
The National Association of REALTORS® held its Board of Directors meeting this past Monday on the final day of the REALTORS® Conference & Expo. If you haven’t heard about anything that happened at the meeting, here’s a round-up of important things you missed:
▪ The board voted to rescind a Multiple Listing Service policy on the display of Internet Data Exchange (IDX) listings on franchisors’ Web sites. A work group has been tasked with broadening the policy to address listing displays over mobile devices and via social media (with a broker opt-out option). Listing data sent via RSS (really simple syndication) won’t be included because of the difficulty in controlling access to RSS feeds.
▪ A set of property valuation principles was also sent back to a work group; the group will ensure the new principles don’t conflict with the NAR Code of Ethics. The principles would support independent valuations of real property. Also, the structure of the Appraisal Committee was changed to be a broader based Real Property Valuation Committee. Members of the reconstituted committee, which came out of a valuation summit held earlier this year, will provide recommendations on valuation-related issues and will be composed of appraisers, brokers, and members engaged in other real estate disciplines.
▪ REALTOR® University Board of Regents Chairman Richard Rosenthal of Riverside, Calif., said the university is on track to receive accreditation by the State of Illinois and expects to roll out its first academic program in March 2012. He asked local and state associations and brokerages to encourage REALTORS® with high potential to enter the program. “Send us your best and brightest,” Rosenthal said. “We’re working to make this a first-class operation.” (For more, see “A Higher Degree of Excellence.”)
▪ REALTOR.com plans to release new technologies in 2012 to help keep REALTORS® at the “heart of the deal.” These include social media tools that allow members to integrate Facebook, Twitter, and other social networks with listings on REALTOR.com, as well as single-page, mobile sites for every listing. Additionally, REALTOR.com President Errol Samuelson pointed to major achievements this past year, including the launch of the company’s International site and 7 million downloads of its mobile app.