What Is IDX? - Real Estate Bees - The Facts

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Background As applications of Internet innovation to the real estate service have increased in number, quality, and approval by the public, an increasing variety of residential property brokerage companies have actually established "online identities." These Internet websites make it possible for realty experts to combine the immediate, direct interaction offered on the Internet with the experience, knowledge, and personal professional guidance real estate agent deal clients and consumers.

In anticipation of the increasing usage of websites by REALTORS, in early 2000 NAR's management convened a special work group including members of the Numerous Listing Concerns and Policies Committee, Specialist Standards Committee, and Danger Management Committee to determine how property applications on the Internet may be enhanced so that REALTORS can inform and serve their customers and consumers while, at the exact same time, guaranteeing that the Internet does not end up being a medium for exploitation or abuse of the expert relationships and tasks by which REALTORS are legally and ethically bound.

This policy was modified by the Board of Directors in May and July 2001, May 2005, November 2006, November 2009, November 2010, May 2012, November 2014, May 2015, and November 2015. For the most current IDX Policy click here. Questions and Answers Web Data Exchange ("IDX"), also described as "Broker Reciprocity," is the next phase in the development of MLS as the main means of boosting cooperation in between REALTORS to help with the purchase and sale of real estate.