The National Association of REALTORS® is considering a change in the association's MLS policy aimed at creating greater cooperation between brokerages within MLSs. The "Clear Cooperation Policy" proposal is straightforward: Brokers who are MLS participants must share listings with other brokers in the MLS if those listings are being publicly marketed.
In the absence of explicit guidelines surrounding some limited-exposure practices and “coming soon” listings, the National Association of REALTORS® had received requests from MLSs and broker members across the country seeking clarity. The association’s MLS Technology and Emerging Issues Advisory Board, a group made up of brokers and MLS executives, developed the proposal in consultation with brokerage and MLS leaders across the industry.
The thesis of the advisory board's proposal is that when the benefits of broad listing exposure are in the best interest of clients, so is cooperation among MLS participants to share the listings.
NAR is seeking member feedback on the policy before the association's Multiple Listing Issues and Policies Committee addresses it at the REALTORS® Conference & Expo in San Francisco this November.