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Developer FAQ: New to Real Estate MLS

Rules and Regulations for using an MLS IDX

Citation: What Is IDX? An Explanation for Beginner Real Estate Agents

There have been countless rules and regulations tied to IDX over the years, many of which have been influenced by the National Association of Realtors (NAR). (A comprehensive list of NAR’s stipulations for IDX usage can be found here.) The main thing to know about IDX is you need to consult your MLS to understand their particular policies (which vary by each MLS) pertaining to use of their data on your real estate website via IDX. There are several ways you can get in trouble with your MLS should you misuse IDX data. Examples of some prohibited uses include:

  • Posting a seller’s listing when the seller has indicated to their agent they do not wish to have their home listed in IDX
  • Failing to update IDX listings on your website
  • Providing IDX listings and their information to outside parties not participating in the IDX exchange
  • Altering the information included in IDX listings (e.g. property dimensions and features) to make them more appealing to your audience
  • Showing listings on a website that aren’t approved for display by the MLS or listing broker
DLU July 27th, 2018 Back to top

What is an MLS IDX data feed?

Citation: What Is IDX? An Explanation for Beginner Real Estate Agents

IDX is an umbrella term used to cover policies, standards, and software pertaining to the display of listing information on websites. Most importantly for agents and brokers, IDX is what enables members of a multiple listing service (MLS) to integrate real estate listings from the MLS database into their own websites.

DLU July 18th, 2018 Back to top

What is the Purpose and Benefits of an MLS?

Citation: Wikipedia: Multiple listing service
  • From the public’s perspective, the primary benefit of MLS systems is that an MLS subscriber may search an MLS and retrieve information about all homes for sale by all participating brokers.
    1. MLS systems contain hundreds of fields of information about the features of a property.
    2. These fields are determined by real estate professionals who are knowledgeable and experienced in that local marketplace, whereas public real estate websites contain only a small subset of property data.
  • From the real estate agent’s perspective, the primary purpose of an MLS is to provide a facility to publish a “unilateral offer of compensation” by a listing broker, to other broker participants in that MLS.
    • In other words, the commission rate that is offered by the listing broker is published within the MLS to other cooperating brokers.
DLU July 27th, 2018 Back to top

What is an MLS?

The MLS is a tool to help listing brokers find cooperative brokers working with buyers to help sell their clients’ homes. Without the collaborative incentive of the existing MLS, brokers would create their own separate systems of cooperation, fragmenting rather than consolidating property information.

DLU July 17th, 2018 Back to top