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NAR Changes Their MLS Policy

The National Association of REALTORS© (NAR) recently announced a nationwide MLS policy change known as “Policy Statement 8 – Clear Cooperation.”

MLSListings is following this closely via NAR’s information channels and updates, as well as conversations with C.A.R. and our broker community. MLSs must implement this change by May 1, 2020.

Here is the official NAR statement:

“Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.”

This means that an agent can still take what is termed a “broker exclusive” listing, file the exclusion form with the MLS, and keep the listing off the MLS. However, if the agent then advertises it in any manner beyond the brokerage, they have one day to add it to the MLS for cooperation from other brokers.

NAR offers several information resources, including a helpful agent-centric FAQ that is constantly updated, at www.nar.realtor (keyword search “clear cooperation” or “policy 8”).

MLSListings is waiting for the February 8, C.A.R. meetings, when C.A.R. Directors review this mandatory change and possibly amend or clarify the language before incorporating it into their “model” MLS rules.

There is presently no change to the MLSListings rules or policies; we are providing this information as an advisory that this action is on the short horizon.

MLSListings will update our subscribers if/when there are changes and as we near the implementation date.

Watch this video for an MLSListings update on NAR Policy 8 Statement – Clear Cooperation, and how it affects you:

 

 

 

 

 

 

 

 

 

 

 

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