Page 67 - Region 5 NAR Update

• MLSshaveuntilMay1,2020,toadoptthepolicy.
Origin of the Proposal
• NARhadreceivedrequestsfromMLSsandbrokermembers across the country seeking clarity around limited-exposure practices, like “coming soon” listings, for which there are no explicit guidelines.
• TheNARMLSTechnologyandEmergingIssuesAdvisory Board, made up of brokers and MLS executives, developed the proposal in consultation with brokerage and MLS leaders across the industry.
• TheAdvisoryBoardrecommendedtheproposaltothefull committee in September and sought member feedback via a REALTOR Magazine article.
Full text of MLS Statement 8.0:
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
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