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.”