Straight Talk - January 2008
I am very happy to share that on December 13, 2007 the Federal Trade Commission (FTC) ruled favorably regarding Realcomp’s listing publication model, which will allow us to continue our mission to serve, first and foremost, the interests of our REALTOR® subscribers. The initial decision dismissed a formal complaint filed last year by the FTC. As such, it also allows Realcomp to continue to operate under its current rules, policies and organizational tenets. At the time of this newsletter article writing, the FTC staff had 10 days to appeal the decision.
Over the course of the past year and a half, Realcomp argued strenuously that, as an organization supported by REALTOR® members, our online listings should remain a resource whereby REALTORS® benefit from the sale of the properties advertised. The FTC, meanwhile, contended that when an MLS does not allow public access to real estate listings that are also “for sale by owner” through REALTOR® funded Internet sites it creates an uncompetitive environment.
Over the course of the past year and a half, more than a dozen Multiple Listing Services around the country were targets of the FTC regarding rules related to what listings can be posted to REALTOR® Internet websites. Realcomp is the only MLS targeted by the FTC that challenged the FTC.
The MLS has been a staple of the real estate industry for nearly 100 years, and, as such, has long been recognized for encouraging competition by ensuring all brokers have equal access to information and commissions. Moreover, it ensures buying and selling consumers have access to a resource of properties as well as the expertise, protection and buying power of a licensed REALTOR®.
As always, please tell us how we are doing. I can be reached by email at or by phone at 248-699-9120.
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Last modified 2008-04-25 12:25
