By Thomas Townsend:
Earlier today I received the following from DOT HOMES:
New pingback on your post #117 "MLS Data compliance and NAR vs. DOJ "
Website: BYTEPLAY » Blog Archive » For US listing brokers (IP: 195.62.28.205 , www.ec1m.net)
URI : http://www.byteplay.com/blog/archives/57
Excerpt:
[...] [...] some of the ensuing controversy (Lenderama, CBS5.com, InmanNews, GreaterTampaBayRealEstate), I’m going to attempt here a crude recap of my conversation with Kevin. If you’ve any [...] [...]
This is related to an earlier post I made regarding the DOJ's lawsuit against Realtor.com and the issue over MLS (Multiple Listing Service). It appears that the presence of this new venture on the scene in the Real Estate Search community, had ruffled some feathers of a few of the Top Real Estate Brokers (BLOGGERS). Some suggested that what Dot Homes was doing may not be entirely legitimate or in compliance with MLS regulations.Seems that this answer is right on the money: After you have clicked on the link above you will also see my reply:
"I think this is an excellent review of Dot Homes capabilities as well as highlighting the short sidedness of many Brokers in the Real Estate industry today. I don’t think you can explain it any clearer than this. This is a tool that Brokers should welcome with open arms…especially given the current economic climate.
Also, keep in mind that there are well over 150 MLS associations in the U.S. alone, that all have their own version of what constitutes compliance. This entire MLS issue is so overblown and in many opinions has been the major issue that has suppressed innovation and competition in our industry. Why else is the US DOJ going after Realtor.Com with such vigor? Could it be that they represent monopolistic tendencies when it comes to the MLS ? Going forward, I think this kind of makes Kevin’s entire comment on the MLS issue kind of baseless. "
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Related Post:
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Sometimes there are fine lines between free markets and breaking the law. In my opinion, if it's good for the consumer...
Does the consumer want their home on the best - most -more websites? Does the broker/agent have a right to say yes or no? Freedoms must be considered.