NEW YORK – Dec. 5, 2013 – In a recent amendment to policies by the National Association of Realtors® (NAR), realtor.com – the consumer-facing website of NAR – is now allowed to publish listings from non-Realtor-affiliated sources, and it started that by cracking open the New York market through an agreement with The Corcoran Group.
The Corcoran Group, a brokerage that operates 40 offices with 2,200 sales associates, is the first large New York brokerage to provide real estate listing content to realtor.com. Realtor.com is also reportedly in discussions to license data from other New York brokerages and the Real Estate Board of New York.
On July 24, the NAR’ board of directors recommended amendments to realtor.com agreements that would allow the listing site to expand its listing content online by including direct content from brokerages. Previously, realtor.com was barred from receiving listing data from non-Realtor-affiliated MLSs.
“This agreement delivers on the promise of the historic decision made by the National Association of Realtors this summer to empower realtor.com as the most timely, accurate, and comprehensive source of real estate information anywhere,” Errol Samuelson, president of realtor.com, said in a statement.
The amendment to realtor.com’s operating agreement also allows it to display new-home plans and communities as well as rentals.
Source: “Realtor.com cracks open NYC market with listings from The Corcoran Group,” Inman News (Dec. 3, 2013) and Move Inc.
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