The National Association of Realtors (NAR) is a realtor trade organization whose mission is to ensure that homeownership and property investment remain viable and accessible. One way that the NAR does this is by creating rules and guidelines for local Multiple Listing Services (MLSs). NAR President Tracy Kasper recently discussed the importance of these rules and how they help both consumers and members of the organization.
Kasper pointed to certain aspects of the rules, such as conflict-of-interest policies, saying that they serve to protect consumers from insider trading and other deceptive practices, while also giving MLS members the confidence to succeed in their profession. She noted that other key aspects of the rules, such as listing data standards, help to promote transparency in the industry and help buyers make informed decisions.
Overall, Kasper stressed the importance of these NAR rules for local MLSs, emphasizing how they help to protect both consumers and members of the organization.
• Conflict-of-interest policies: Protect consumers from insider trading and other deceptive practices.
• Listing data standards: Promote industry transparency and help buyers make informed decisions.
• NAR rules for local MLSs: Help to protect both consumers and members of the organization.
You can read this full article at: https://www.housingwire.com/articles/opinion-local-mls-rules-equitably-advance-american-homeownership/(subscription required)
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