The General Data Protection Regulation (GDPR) is a European Union rule intended to strengthen data privacy and security, but its reach could extend to your real estate brokerage in the U.S.
The National Association of REALTORS® hosted a live broadcast on Facebook about how the GDPR affects REALTORS®. Takeaways from the discussion included:
- Take inventory of the data you collect on clients and prospects, including where it’s located
- Add a way for EU residents to exercise their rights or get in touch with you
- Ask your vendors what they’re doing to comply with GDPR rules.