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Tag Archives: vow

Tag Archives: vow

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 »

Will VOWs Go the Way of the Dark Ages?

by Drew Meyers on 9:40 am November 20, 2017

There’s a fantastic article on the topic of VOWs that Inman published last week. It’s written by David Kully, an antitrust partner for Holland & Knight LLP. Mr. Kully worked for 18 years at the Antitrust Division of the U.S. Department of Justice, where he played a central role on the DOJ’s litigation against the NAR. From the article… The DOJ’s litigation against NAR settled in 2008 only days before trial was scheduled to begin in federal court in Chicago. To settle the case, the DOJ and NAR negotiated a “consent … Read More »

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