NAR has reached a favorable settlement with the U.S. Department of Justice, resolving the litigation between them over the display of listings from the MLS on brokers' virtual office Web (VOW) sites. The final order, filed with the federal district court in Chicago last week, validates NAR's long-standing Internet data exchange (IDX) policy and strengthens the membership rules governing multiple listing services.
For detailed information about the settlement, see Karen France's Real Estate Industry Report, from 2-3 p.m., on June 12 at the Great Wolf Lodge, which is being held in conjunction with the MidYear Meetings. There is no registration fee. Or click on any of the links below:
DOJ vs NAR (from REALTOR.org) Realty Viewpoint: DOJ, NAR Settle Virtual Office Policy Dispute (From Realty Times)Industry Reacts (From Inman News) REALTORS settle case with U.S. DOJ (From CNN Money)
