NAR_grey_logo-01

No Speculation About REALTOR.com

An investment analyst has approached the National Association of REALTORS® and several NAR directors seeking insights on a special meeting of the NAR directors that will take place in July. At the meeting, the  directors will be discussing proposed changes to the relationship between NAR/REALTOR® Information Network and Move Inc./RealSelect, which operates REALTOR.com.

The analyst, who signs his e-mails “Jem,” is offering an incentive for information and is seeking to learn the likelihood of changes that would restrict the ability of third parties to aggregate MLS data. NAR General Counsel Laurie Janik says directors should avoid speculating on any future actions of the board. “We don’t know what the board will decide,” Janik says, “so I would strongly caution against speculation.”

Stacey Moncrieff

Stacey is vice president of business-to-business communications for the National Association of REALTORS®, overseeing the association's key communications with NAR members and REALTOR® association executives.

More Posts - Website

Comments
  1. Bill

    How about you restrict the MLS data to actual Real Estate agents, and not people who list homes for $59……how about that?

  2. Marcie

    As evidenced by the recent NAR BOD meeting in DC…one NEVER knows what the board members will do! HUSH is the magic word! This is no one’s business but the members who need to talk to their own directors for insight and opinions. NOW is the time for REALTORS to have a voice. Don’t let it go unnoticed!

  3. Sorry Bill but if they are a dues paying member in good standing, then you can’t do anything about it. The DOJ gets pretty angry when associations try to restrict competition. I’ve never been afraid of those discount/entry-only guys though anyway.

  4. Thomas Lawler

    Why doesn’t realtor.com allow folks to see homes listed for sale every day by state, as well as nationally? Why look for others to do this? Realtor.com already produces a monthly report; a daily report would be simple! Folks need data; realtor.com has data; third parties are filling gaps because of a lack of good publicly available data.

    Also: in many states property records are very complete on total home sales, broken out by new, existing, SF, and condo/coops. Why not use this data?

  5. Dan

    Aaron you should be afraid! these individuals are a cancer to your business and turn your professional services into nothing more than a cheap commodity. They degrade the industry and set a tone for the general public to view us as snake oil sales people. We as “Realtors” can set ourselves to higher ethical standards and do all the right things, but one wrench in the works like these individuals and we all look bad.

    Here’s an idea! On the initial conversation with the other “Realtor” Lets start thanking them for providing a fair compensation to you for your efforts in bringing a qualified buyer to the table. The days of short-sale compensation are ending and hopefully these discount lister’s as well. The banks, who got us into this mess, should never have been allowed to dictate to a “Realtor” what the compensation “will” be. As a true professional, you can easily quash the “$59″ listing agent. They never last because they they fail to understand the relationship paradigm between themselves and the client.

    Bob is right in his comment. NAR should start standing up to the cancer’s that plague this industry and while their at it, stop allowing Trulia, Zillow and the likes from stealing our information. I guarantee these 3rd party sites have an ulterior motive.

  6. I was approached by Jem on LinkedIn – told him that it would be a violation of my fiduciary duties as a Director to discuss issues before the board. He was polite & seemed to understand.

  7. Wanda Buck

    IT’S “REALTOR”, NOT “realtor”!

  8. Dan, I’d have to say if those companies have an alterior motive – it’s money. Aggregate all of our data and then sell leads back to the Agents.

ADD YOUR COMMENT