NAR’s MLS Statement 8.0, also known as the Clear Cooperation policy, was approved by the NAR Board of Directors on November 11, 2019.
According to an article recently published in REALTOR® Magazine, “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.”
Here’s the complete 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.”
MARIS leadership has been involved with the process of building and discussing this policy from the start and we were in attendance at NAR’s annual membership meeting in San Francisco when the decision was made.
- The policy will be effective on January 1, 2020
- Local implementation is required by May 1, 2020
What you should expect to occur over the next few months:
- MARIS will conduct in-market discovery efforts regarding: How MARIS will comply, when we will impliment the policy, and what correlating changes we'll need to make to further enable our members.
- MARIS board of directors decision: Discovery information will be used to help inform decisions that will need to be made by the MARIS board of directors
- Communications and education regarding board decisions will be distributed to all MARIS members.
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