Attorney General No.
SA2005RF0145
Secretary of State No.
1203
Description
Provides for creation of an internet-based open multiple listing service (open MLS) offering free public access to non-confidential information regarding real property for sale or rent. Subscribers with active real estate licenses may access confidential information. Paid subscribers may list their own realty. Requires licensed real estate agents to list property on open MLS unless client requests otherwise. Specifies format and content of open MLS. Provides for bidding process to select open MLS operator, and establishes qualifications, powers and duties of operator. Provides that Department of Real Estate will enforce this measure. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Probably minor annual increase in state real estate enforcement costs and related real estate license fees. (SA2005RF0145.)
Proponents
David Barry
Date
2-16-2006
Document Type
Initiative
Qualified
Failed to Qualify
Recommended Citation
Open Multiple Listing Service. Initiative Statute. California Initiative 1203 (2006).
https://repository.uclawsf.edu/ca_ballot_inits/1417