The National Association of REALTORS®’ Board of Directors
approved MLS Statement 8.0, also known as the Clear Cooperation policy, at its meeting Monday. The policy
requires listing brokers who are participants in a multiple listing service to
submit their listing to the MLS within one business day of marketing the
property to the public.
NAR’s MLS Technology and Emerging Issues Advisory
Board proposed the policy as a way to address the growing use of off-MLS
listings. The advisory board concluded that leaving listings outside
of the broader marketplace excludes consumers, undermining REALTORS®’
commitment to provide equal opportunity to all. The policy doesn’t prohibit
brokers from taking office-exclusive listings, nor does it impede brokers’
ability to meet their clients’ privacy needs.
Here’s the full text of MLS Statement 8.0:
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.
MLSs have until May 1, 2020, to adopt the policy.
Editor’s Note: The Heartland MLS Board of Directors and Pre MLS/Waiver Task Force have started discussions and are working toward a plan to implement this policy in Heartland MLS in the next few months. Subscribers who would like to offer ideas and suggestions for the implementation plan may email email@example.com.
—Reprinted from REALTOR®
Magazine Online, November 2019, with permission of the National Association
of REALTORS®. Copyright 2019. All rights reserved.