NAR Introduces New MLS Policy to Expand Choice for Consumers

Earlier this week, NAR announced a new MLS policy: Multiple Listing Options for Sellers. This policy exists in conjunction with NAR’s Clear Cooperation Policy, providing greater flexibility to brokerages and sellers in marketing property.

Impact On Our Market

Since MRED is not an NAR-affiliated MLS, but rather a regional MLS, adoption of NAR MLS policies is optional for MRED.

MRED was a leading MLS 10 years ago with the launch of the Private Listing Network (now Private Listing Status). MRED’s rules and regulations around private listings is what is applicable to our market.

MRED's Private Listing Status has been well recognized in the industry as a balanced policy ensuring equal access of available properties to all MLS participants and their buyers, while allowing sellers to control when, where and how their property is publicly marketed.

What Does This Mean for You?

• Make sure to get a signed Exemption disclosure from the seller if they want delayed marketing to the public.

  
  

We’ll be sharing more details and training soon, but if you have questions, just reach out.