News Summary
The National Association of Realtors (NAR) has announced updates to real estate marketing policies, including the introduction of the Multiple Listing Options for Sellers (MLOS) and the continuation of the Clear Cooperation Policy (CCP). These changes aim to provide more flexibility for sellers while maintaining buyer access to listings. The MLOS policy will take effect on March 25 and requires sellers to submit a declaration regarding their marketing choices, navigating concerns within the industry about broker visibility and competition.
Exciting Changes in Real Estate Marketing Policies!
It’s always exciting when there are updates in the real estate world that make things easier for both buyers and sellers. Recently, the National Association of Realtors (NAR) announced a couple of new policies that are set to shake up how homes get marketed. Let’s break it down!
What’s Staying the Same?
First off, the much-discussed Clear Cooperation Policy (CCP) isn’t going anywhere just yet. For those not in the know, the CCP requires real estate agents to list properties on multiple listing services (MLSs) within just one business day of starting any kind of marketing. While this policy has faced some criticism, it’s aimed at ensuring that buyers have quick access to home listings.
A New Option for Sellers!
But here’s where it gets interesting! NAR has introduced a brand-new policy called the Multiple Listing Options for Sellers (MLOS). This new option allows sellers some flexibility by giving them the chance to delay marketing their listings. Yes, you heard that right! It means sellers can choose to keep their listings out of syndication for a specific time that individual MLSs will determine.
Under the MLOS policy, sellers and their agents are free to market their properties publicly during the delay. However, other MLS participants can still access these listings through the MLS. This means a little more control for sellers but still keeping the door open for buyers to see the information they need through MLS platforms.
When Do Changes Kick In?
So, when can we expect to see these changes in action? The MLOS policy is set to take effect on March 25 and must be fully implemented by the end of September 2025. This gives everyone involved plenty of time to adjust to the new rules and understand how to use them effectively.
Addressing Concerns in the Industry
The MLOS policy does allow agents to postpone submitting listings to the Internet Data Exchange (IDX), but the requirement to share these listings with the MLS within one business day of public marketing stays in place. Sellers also have to provide a signed declaration, confirming they intend to waive immediate marketing benefits that come with IDX and syndication. Confusing? It can be, but in short, it’s about striking a balance between seller control and public access.
Keeping Everyone in the Loop
While these new exemptions are designed to address concerns about large brokerages potentially dominating the visibility of housing inventory in the public market, the conversation isn’t over. Opinions remain divided within the industry. Some firmly believe that the CCP restricts freedom in the market, while others appreciate the structure it offers.
One thing everyone can agree on is that individual communications between brokers—like one-on-one chats—don’t trigger CCP requirements, but any marketing that involves multiple brokerages will still fall under these guidelines. This clarification could be essential for agents trying to navigate the nuanced rules.
What’s Next?
For now, it seems like the MLOS policy is a temporary compromise while discussions about the CCP continue to unfold. As agents and sellers adjust to these new rules, we can’t help but feel optimistic about the increased flexibility in how homes are marketed. With both buyers and sellers in mind, NAR is aiming to find that sweet spot that benefits everyone involved in the housing market.
So, whether you’re looking to buy or sell, keep your eyes peeled for the exciting changes on the horizon!
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Additional Resources
- The Real Deal
- Wikipedia: National Association of Realtors
- Realtor.com
- Google Search: NAR Clear Cooperation
- Real Estate News
- Google Scholar: NAR real estate policy
- Inman
- Encyclopedia Britannica: NAR policy
- HousingWire
- Google News: NAR real estate
