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Thursday, February 4th 2010

10:02 PM

In response to a litigation originally filed in September 2005

In response to a litigation originally filed in September 2005, the United States Department of Justice (USDoJ) and the National Association of Realtors (NAR) have recently come to terms on an overwhelming agreement, to the approval of RE/MAX International.

For some time now, government officials have investigated the policies of NAR, and has found that NAR need not pay any fines or fees. The settlement and trial finds them not guilty of any such wrongdoings. Since “opt-out” is not the issue it once was, NAR policies will continue, remaining intact.

Even though this agreement is a step in the right direction, the results of this settlement will not likely be seen as a lucrative impact on the real estate market. The National Association of Realtor’s IDX  guidelines have never been confronted with defiance. The newly rewritten Virtual Office Website documents will seemingly be placed into effect, as a renewed permanent policy. The opposing Multiple Listing Services shall continue to remain closely associated with the works of professional real estate brokerages, especially those who pay to subscribe.

Opt-out, a brokerage policy, has been directly impacted by the evolution of the market place. The formerly instated policy allowed traditional brokerages to “opt-out” from their professional responsibilities, withholding their information from their competitors.

Years in the past, RE/MAX decided to provide potential customers with sought after home listings, right alongside that of their competitors. Recently as technology has been used to track consumer site clicks/visits, Remax.com has proven to be the most visited site amongst the national real estate corporations. This adds to the proven success of RE/Max.

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