Recent rule changes from the National Association of REALTORS® (NAR) Board of Directors could further improve timeliness and breadth of property information on agents’ IDX websites and mobile apps.
In an article by NAR, they state that: “The board approved changes to help ensure MLS data is as accurate and timely as possible and that MLS participants can continue to compete with other online sources of property information. Among other things, the changes:
- Increase the frequency of MLS data updates to no less than every 12 hours, down from every three days;
- Enable MLS participants to display IDX information from all MLS IDX feeds where they hold participatory rights, allowing consumers to execute a single property search;
- Permit the display of MLS sold data for IDX display where ‘sold’ information is otherwise publicly accessible.”
At HomeSpotter, we’ve always updated our feeds multiple times an hour. But according to CEO and founder, Aaron Kardell, the other rule changes will improve the experience for many clients.
“Being able to show sold information and co-mingle data from multiple MLS feeds will be a huge improvement for our clients in markets where these restrictions were in effect,” said Kardell. “The user experience for clients where we’ve been showing sold and multiple MLS data is optimal, and we’re excited to do this for every client that wants it.”
For more information on these rule changes and others, read the full article from NAR here: https://www.realtor.org/articles/board-directs-nar-to-draft-member-code-of-excellence.