The NAR board of directors approve Clear Cooperation Policy

Photo by Cytonn Photography on Unsplash

RISMedia

In November, the National Association of REALTORS® (NAR) Board of Directors approved MLS Statement 8.0, also known as the Clear Cooperation Policy. Aimed at benefitting consumers and ensuring a level playing field for brokers, the new policy requires MLS-participating brokers to share listings with other brokers in the MLS within one business day of marketing the property to the public.

[…] The policy states that within one business day of marketing a property to the public, brokers must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes everything from yard signs and flyers in windows to web marketing and social media posts. Effective Jan. 1, MLSs have until May 1, 2020 to adopt the changes.

Read the story here: New MLS Policy Brings Clarity and Promotes Cooperation