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Tag Archives: consent decree

Tag Archives: consent decree

Using Technology to Make Real Estate More Competitive – Full Video

by Drew Meyers on 12:53 pm April 10, 2018

A few weeks ago, I mentioned a panel organized by the Information Technology and Innovation Foundation. For those interested in VOWs, IDX, and the expiration of the consent decree, below is the full video of the discussion that took place last week in Washington DC: Discuss in the comments if you’d like…

Using Technology to Make Real Estate More Competitive

by Drew Meyers on 10:30 am March 16, 2018

Those of you with an interest in NAR’s expiring consent decree, there is an event organized by Information Technology and Innovation Foundation you may be interested in next month in Washington DC: Technological innovation has made it cheaper, easier, and faster to buy and sell most products. However, the real estate industry has firmly resisted disruption, successfully lobbying for state laws banning commission rebates, preventing the public disclosure of residential sales prices, and requiring consumers to purchase real estate services that they may not want, as well … Read More »

How NAR got around the DOJ settlement by discouraging VOWs and hiding listings.

by Bryn Kaufman on 9:30 am February 22, 2018

According to NAR there has been a lot of speculation recently about the 2008 settlement agreement between the DOJ and NAR. Even though NAR reached an agreement with the DOJ, they successfully discouraged most brokers from using a VOWs by allowing the MLS to charge a lot more for them. In many cases it costs twice as much to put up a VOW vs. an IDX website. This price increase means that companies that market websites to Realtors almost always market the IDX version. As … Read More »

What You Need to Know: VOWs & the Expiration of the Decree Consent

by Drew Meyers on 5:08 pm December 5, 2017

What do agents and brokers need to know about Virtual Office Websites, following the news of the upcoming expiration of the NAR-DOJ agreement from 2008? We covered the topic here, but thought a follow up was in order with the 3 core things you should know. First, know that you are entitled to ALL the data, outside of IDX rules. Did you know you CAN mingle MLS listings with FSBO’s, IF you’re operating as a VOW? Second, Your MLS cannot penalize you for your business model. Regardless of … Read More »

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