Treb Idx Agreement

TREB IDX Agreement: What It Is, Why You Need It, and How It Works

The Toronto Real Estate Board (TREB) is one of the largest real estate boards in North America, representing over 56,000 realtors in the Greater Toronto Area. As a realtor, you are likely a member of TREB and have access to its various services, including the Internet Data Exchange (IDX).

IDX is an important tool for realtors as it allows them to display MLS listings on their own websites, giving clients a more seamless and convenient property search experience. However, using IDX requires compliance with the TREB IDX Agreement.

What Is the TREB IDX Agreement?

The TREB IDX Agreement is a legal agreement that outlines the terms and conditions for using the IDX service provided by TREB. It covers various aspects of the service, including:

– Data licensing and usage

– Display rules and requirements

– Liability and indemnification

– Termination and suspension

Why You Need the TREB IDX Agreement

As a realtor, you need the TREB IDX Agreement to use the IDX service and display MLS listings on your website. Failure to comply with the agreement can result in legal consequences, such as fines and suspension of service.

Moreover, the TREB IDX Agreement protects you and your clients by ensuring that the MLS data displayed on your website is accurate and up-to-date. It also ensures that your website follows certain display rules and requirements, such as displaying the TREB logo and copyright notice.

How the TREB IDX Agreement Works

To use the TREB IDX service and access the IDX Agreement, you need to sign up for a TREB IDX Subscription. The subscription comes with a license to display MLS data on your website, subject to the terms and conditions of the IDX Agreement.

Once you have signed up for the subscription, you will receive instructions on how to implement the IDX service on your website. You will also need to ensure that your website complies with the display rules and requirements set forth in the agreement.

As part of the agreement, you will be required to display the TREB logo and copyright notice on your website, as well as provide a link to the TREB website. You will also need to ensure that the MLS data displayed on your website is accurate and up-to-date.

In the event of a breach of the IDX Agreement, TREB may impose fines and/or suspend your service. The agreement also includes provisions for termination and indemnification in case of legal disputes.

Conclusion

The TREB IDX Agreement is an important legal document that outlines the terms and conditions for using the IDX service provided by TREB. As a realtor, you need to comply with the agreement to use the service and display MLS listings on your website. Failure to do so can result in legal consequences, as well as potential harm to your reputation and business. By following the agreement and ensuring that your website complies with display rules and requirements, you can provide your clients with a seamless property search experience while protecting yourself and your business.