I've had a few questions recently regarding the Point2 websites and their signature 'Handshakes' and how those apply to the rules of Broker Reciprocity. Broker Reciprocity is basically a program that is run by the MLS and that in which agents can select to participate or to not participate. It's a yes or a no option. In order to participate and use Broker Reciprocity you usually have to pay a fee and to agree to display other agents' listings in a very structured manner. Lots of disclaimers to display. Honestly, it's kind of scary.

With the Point 2 system, you load your own listings online; they are not harvested from the MLS automatically. You agree to allow agents (or not) to display your listings and you understand that your information will not be displayed except for a snippet at the bottom with at a minimum just your company name. There are no disclaimers. It's easy. Still, you may be cautious due to the number to times you have been warned about Broker Reciprocity and I understand your concerns.

Gary Walter, Executive Vice President of Southwestern Michigan Association of REALTORS, INC., explains SWMAOR's stance in more depth.

My understanding of Point 2 is the agent places their listings only on the site and then gives permission to other Point 2 users to display their listings on the other user's web sites. The MLS does not have any rules regarding where the Broker or their Agents send their listings or what information they decide to display for their own listings on the internet. As an agent, the only rules you need to follow for advertising your listings on the internet is your Broker's policies, the State Laws and the REALTORS Code of Ethics, Article 12.

The MLS only has Rules that apply to you if you participate in the MLS Broker Reciprocity program by displaying other Listing Office's active listings on your website.



Hope this helps to clarify and ease any hesitations you may have. Check with your local MLS if you still have concerns.

 
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5 Comments on Point 2 & Broker Reciprocity

SEP
14
2008
1 Featured Post Localism Sponsor

Hi Renee I give the Handshake all the time but it has not benefited me that some one from out fo the area would have brought an offer. I continue it but my take all it is good for is if a Listing agent wants to make him/her self look good in front of a potential Listing that they have more listings than real...correct me if I am wrong. Nevertheless I am continuing it hopefully more people see my listings...

11:31pm • #1

Endre - I think that definitely the handshake is good for appearance and I don't really think it will bring a sale but what it does is makes your site more useful to the buyers who are looking. They don't want to see just your listings and if they don't find what they want in yours alone then you know they will find another site. The more listings you have on your site, the better. It can't hurt, can it?

11:35pm • #2

Renee:

That's a great explanation.  The Point2 handshake process is definitely an unusual process.  It is based on honesty and professionalism of the agents who participate.  Point2 is one venue where Realtors who abide by a code of ethics communicate and cooperate with real estate agents who are not bound by a code.  However, for the most part, the arrangement works well. 

11:41pm • #3
SEP
15
2008
283,287 Points 4 Featured Posts Outside Blog

I think I keep more people longer on my site with the variety of listings. I work hard on my site and I like the looks of it without paying more for an IDX tie in.

7:17am • #4

For an experienced realtor, that doesn't use, Point2, can you give me some points, tips or links to give me an idea about it?

Dave Culbertson, Real Living Home Team, Mt. Vernon, OH

3:44pm • #5

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Renee Crabtree

Notre Dame, IN

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