Internet Listing Display
Encyclopedia
Internet Listing Display (ILD) is a set of rules put forth by the National Association of Realtors that regulate how homes and properties can be displayed on internet sites. The ILD policy consolidates and replaces both the Virtual Office Website
(VOW) and Internet Data Exchange
(IDX) policies to create one set of rules.
The ILD policy is a work in progress created as a result of investigation from the U.S. Department of Justice
into anti-competitive practices by traditional real estate brokers. The ILD policy is intended to prevent traditional brokers from solely excluding their property listings from selected discount broker web sites, since they must "opt out" from display on all other brokers' sites
Virtual Office Website
A Virtual Office Website is a web site that is used to conduct business activities. One example is a VOW used as a real estate property search site allowing the public to conduct searches of approved Multiple Listing Service properties in a given area under certain conditions...
(VOW) and Internet Data Exchange
Internet Data Exchange
An Internet Data Exchange is a real estate property search site which allows the public to conduct searches of approved Multiple Listing Service properties in a certain area.Site users generally gain the benefit of anonymous property searching and review...
(IDX) policies to create one set of rules.
The ILD policy is a work in progress created as a result of investigation from the U.S. Department of Justice
United States Department of Justice
The United States Department of Justice , is the United States federal executive department responsible for the enforcement of the law and administration of justice, equivalent to the justice or interior ministries of other countries.The Department is led by the Attorney General, who is nominated...
into anti-competitive practices by traditional real estate brokers. The ILD policy is intended to prevent traditional brokers from solely excluding their property listings from selected discount broker web sites, since they must "opt out" from display on all other brokers' sites
See also
- Virtual Office WebsiteVirtual Office WebsiteA Virtual Office Website is a web site that is used to conduct business activities. One example is a VOW used as a real estate property search site allowing the public to conduct searches of approved Multiple Listing Service properties in a given area under certain conditions...
(VOW) - Internet Data ExchangeInternet Data ExchangeAn Internet Data Exchange is a real estate property search site which allows the public to conduct searches of approved Multiple Listing Service properties in a certain area.Site users generally gain the benefit of anonymous property searching and review...
(IDX) - Real estate trendsReal estate trendsReal estate trends is a generic term used to describe any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change...