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Background As applications of Internet technology to the genuine estate service have increased in number, quality, and approval by the public, an increasing number of domestic genuine estate brokerage firms have actually developed "online identities." These Internet websites allow realty professionals to combine the immediate, direct communication readily available on the Web with the experience, knowledge, and personal professional suggestions REALTORS offer clients and customers.
In anticipation of the increasing usage of websites by REALTORS, in early 2000 NAR's leadership assembled an unique work group including members of the Multiple Listing Problems and Policies Committee, Expert Standards Committee, and Threat Management Committee to figure out how genuine estate applications on the Internet might be improved so that REALTORS can notify and serve their clients and customers while, at the very same time, ensuring that the Web does not become a medium for exploitation or abuse of the professional relationships and tasks by which REALTORS are legally and ethically bound.
This policy was modified by the Board of Directors in May and July 2001, May 2005, November 2006, November 2009, November 2010, May 2012, November 2014, May 2015, and November 2015. For the most present IDX Policy click here. Questions and Answers Web Data Exchange ("IDX"), likewise described as "Broker Reciprocity," is the next stage in the evolution of MLS as the main ways of improving cooperation in between REALTORS to assist in the purchase and sale of real property.