The law of unintended consequences, often cited but rarely defined, is that actions of people—and especially of government—always have effects that are unanticipated or unintended.
- Library of Economics & Liberty
I’m in St. Paul, MN, where the sun has conspired with the river to create a hundred gorgeous pleasures. Like conversing with new and old friends sitting on bar patios with 2 Gingers irish whiskey.
As one might imagine, The Realty Alliance and CMLS were both on all our minds. I’ve written a lengthy post on the topic, and Notorious B.O.B. Bemis has been absolutely crushing it with his series of posts. (Check this, and this.)
But CMLS 2013 had some other news as well, which we all would be buzzing about had it not been for the TRA bombshell. One of them is this:
The Austin Board of Realtors has decided that its more than 9,000 members can choose to syndicate their listings to third-party websites, but it will no longer help them do it.
On Sept. 30, the trade group’s board of directors voted to end ABoR’s agreement with listing syndicator ListHub, citing concerns about unethical business practices and inaccurate listing data on consumer websites not affiliated with a Realtor trade group.
Read the whole thing on Inman; Andrea Brambila has done a great job of covering the story. But this move concerns me, because of the Law of Unintended Consequences. Let’s get into it.