The National Association of REALTORS® Board of Directors on Nov. 11 approved MLS Statement 8.0, also known as the Clear Cooperation Policy. 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.
MLSs have until May 1, 2020, to adopt the policy. Texas REALTORS® has put together a page of resources and guidance, which will be added to in the coming weeks.
This policy is intended to address the growing use of off-MLS listings, which, according to NAR, exclude consumers and undermines 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.