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Wouldn’t your Internet marketing efforts produce greater results if consumers could view your listings—and all other listings from MFRMLS—on your company’s website? It’s entirely possible through MFRMLS’s IDX program. In today’s fast paced Internet world, consumers have become more tech savvy than ever—they want information and they want it now. Did you know that over 90% of home buyer’s start their search on the Internet? Adding IDX to your company’s website is exactly what the consumer ordered! The following questions and answers are a general overview of IDX and MFRMLS’s IDX program.
4. Why should I participate in IDX? 5. Does IDX conflict with Florida real estate license law/Code of Ethics? 6. Can agents participate in IDX and have the MFRMLS database on their individual websites? 7. Why would I want to allow other brokers to display my listings on their websites? 8. Why would I want to allow other brokers display my listings if I don’t have my own website? 9. Do I have to allow other Participants to display my listings on their websites? 10. What happens if I won’t allow other Participants to display my listings on their website? 12. Will MFRMLS refuse to transfer my listings to Realtor.com if I do not participate in IDX? 13. What happens if someone abuses IDX? 14. Must the listing company be identified when I display its listings on my website? 15. Can my listing information be modified when it is displayed on Participants’ websites? 16. What data will consumers see? 17. How do my listings get included in the daily data feed? 18. If I want to use a RETS feed instead of a frame-able option, do I have to perform the work myself? 19. I’m ready to sign up for IDX – What is the next step? 20. Where can I receive more information or assistance?
1. What is Internet Data Exchange? Internet Data Exchange (IDX), sometimes referred to as “Broker Reciprocity,” gives Participants the ability to display each other’s listings on their respective websites. Every Participant automatically participates in the IDX program unless an opt-out form is completed and submitted to MFRMLS. 2. How is Internet Data Exchange accomplished? Other brokers’ listings are available for display on your company’s website by a data feed from MFRMLS or by using one of three framed solutions (options): (1) Agent Web Page through MLXchange; (2) the custom link from www.MyFloridaHomesMLS.com; or (3) through the Florida Realtors® (FAR). All active and recently sold listings are included in options (1) and (2). Only active listings are available through option (3) at this time. IDX data feeds are accomplished through what is known as a RETS (Real Estate Transaction Standards) feed from the MLXchange servers. What are the IDX options?
3. How can you offer these IDX options for free? MFRMLS is pleased to offer multiple options to our subscribers. Your subscription to MLXchange includes the Agent Web Page and the custom link from MFRMLS’ consumer website, www.MyFloridaHomesMLS.com. The standard RETS feed is available to all subscribers at no cost. Customized IDX feeds are available to brokers for an annual fee of $600. 4. Why should I participate in IDX? The spirit of IDX is the wide distribution and display of active and sold MLS listings to the public through Participants as a marketing effort that best serves the consumer. In fact, wide distribution is already available through Realtor.com. Letting other Participants display your listings on the Internet is a business decision each Participant must make. IDX allows you to compete with other popular listing websites. Your website can now become the premier location for consumers to view listings, learn about your company and your company’s experience, abilities, and qualifications allowing you to successfully market your company and attract new consumers on a 24/7/365 basis. Think about it – by displaying the complete MFRMLS inventory of active and recently sold listings, you are providing a service to consumers that can help keep them coming to your website. If you want to be able to sell services online, you need a way to keep consumers at your website once they get there (this is referred to as having a “sticky” website – the “stickier” the better.) 5. Does IDX conflict with Florida real estate license law/Code of Ethics? IDX is consistent with Florida real estate license law and the MFRMLS MLS Rules and Regulations. IDX is consistent with the Code of Ethics since no display of other Participants’ listings can occur without their consent. 6. Can agents participate in IDX and have the MFRMLS database on their individual websites?
7. Why would I want to allow other brokers to display my listings on their websites? 8. Why would I want to allow other brokers display my listings if I don’t have my own website? 9. Do I have to allow other Participants to display my listings on their websites? 10. What happens if I won’t allow other Participants to display my listings on their website? 11. Can MFRMLS refuse to allow my listings to be entered into the MLS if I do not permit other Participants to display them on their websites? 12. Will MFRMLS refuse to transfer my listings to Realtor.com if I do not participate in IDX? 13. What happens if someone abuses IDX? In the event of a violation of the MFRMLS IDX Rules and Regulations or a breach of the MFRMLS IDX Agreement, which is not cured within five (5) calendar days, MFRMLS may: (1) immediately terminate the MFRMLS IDX Agreement and any applicable data feed; (2) impose any fine, suspension, expulsion or other remedy applicable to a breach of the MFRMLS Rules and Regulations; and (3) pursue any and all legal remedies available by law. 14. Must the listing company be identified when I display its listings on my website? 15. Can my listing information be modified when it is displayed on Participants’ websites? 16. What data will consumers see? 17. How do my listings get included in the daily data feed? 18. If I want to use a RETS feed instead of a frame-able option, do I have to perform the work myself? 19. I’m ready to sign up for IDX – What is the next step?
20. Where can I receive more information or assistance?
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