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The National Association of REALTORS®’ Board of Directors today approved MLS Statement 8.0, also known as the Clear Cooperation policy, at its meeting. 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.
MLSs have until May 1, 2020, to adopt the policy. The full text of MLS Statement 8.0 reads:
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.
NAR’s Board of Directors also approved a change to NAR’s Code of Ethics training requirement. Previously, the training was required every four years, but in 2017, the requirement was changed to every two years. A presidential advisory group recommended the requirement be extended to every three years so that members have more time to fit the training into their continuing education schedule and give local associations time between cycles to administer the training.
