Mandatory compliance of the MLS Statement 8.0 Clear Cooperation Policy starts today: May 1, 2020.
Thus, to ensure a fair and efficient real estate market moving forward, NAR's Board of Directors adopted an MLS Statement 8.0 Clear Cooperation Policy at November's REALTORS® Conference and Expo. SFAR then incorporated a Clear Cooperation Policy into our MLS Rules as of January 1, 2020 with enforcement beginning today, May 1, 2020.
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.
Please read the complete set of details here: Spring 2020 Rules and Regulations Update CRITICAL CHANGES LOG. This document will also familiarize you with CCPA, changes to Parking Definitions, and how Days on Market is calculated and reset.
If the listing is Closed before it comes to market, you can fill out the revised Comparable Sale Request form within 30-days and have it changed to Sold Off-MLS so that you can still get appropriate market activity credit for you, and your office.
It is important to note that once a listing’s absence is verified, and the listing agent has been contacted and assessed, this violation will not be waived. It is the responsibility of the listing agent to input the property as Coming Soon or Active once public marketing activities have started as described by the national and state level rules.
Waiting for notification of non-compliance may result in an irrevocable assessment if you fail to respond to the first notice in time. We encourage you to avoid that situation by submitting the listing prior to, or on the day of, your first public marketing activities.
Important MLS Statement 8.0 Clear Cooperation Policy Resources