"Realtracs states that the listing broker owns the listing content and the data that comes with it, positioning the MLS as a steward and activator of data rather than an owner."
"The MLS said the agreement is intended to give brokers and agents a clearer foundation to enforce rights around copyright infringement and unauthorized use."
"If it doesn't serve the broker, it doesn't happen, White wrote in the blog post."
"Realtracs said its Brokerage Services Agreement is ultimately about rebuilding trust with brokers, who it describes as being squeezed on all sides."
Realtracs has replaced its traditional MLS participation agreement with a new Brokerage Services Agreement that clarifies brokers own their listings and associated data. This change addresses confusion over listing data ownership and positions the MLS as a steward rather than an owner. The agreement aims to empower brokers to enforce rights against copyright infringement and unauthorized use. Additionally, Realtracs is tightening rules on data redistribution to ensure it serves brokers' interests. This shift is part of a broader restructuring to prioritize broker needs and rebuild trust.
Read at www.housingwire.com
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