Dear {"ANONYMIZED":"2022-02-06"},

Last week, the ACTRIS MLS Board of Directors voted to implement NAR MLS Statement 8.0, otherwise known as the "Clear Cooperation Policy," effective Friday, May 1.

According to MLS Statement 8.0, once a listing is publicly advertised outside of your office, the listing must be entered into the MLS within one business day. “Publicly advertised” includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public-facing websites (including social media websites), brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.

We have chosen to implement the policy in a way that minimizes disruption in our market, at a time when disruption is least needed. Following our "education first, enforcement second" approach to all ACTRIS MLS rules, any reported violations of this policy will result in a letter educating the Participant and Subscriber on the value of MLS cooperation.

We understand that you may have a lot of questions and are here to support you. We are updating our Clear Cooperation Resources Page with frequently asked questions on a regular basis, and you can see the updated ACTRIS Rules & Regulations here. If you have any further questions, you can also reach out to us on our Engage Portal.

How We Got Here
The National Association of REALTORS® (NAR) Board of Directors passed the Clear Cooperation Policy in November in order to reinforce and affirm the value of the MLS, combating growing industry concerns over off-MLS listings and reinvigorating cooperation between brokers. Cooperation among REALTORS® is a foundational element of the MLS and has served our industry for over a century, with the MLS fueling that cooperation. All MLSs operating in relationship with NAR, including the ACTRIS MLS, are required to adopt and implement the policy no later than May 1. Implementing this policy is a requirement of our MLS and directly relates to our ability to maintain our Association as a chartered association under NAR.

Why MLS Cooperation is Critical
The value of the MLS is known more now than ever when we need a virtual and stable marketplace to continue business. Our focus has always been, and continues to be, maintaining an orderly marketplace through the most accurate, comprehensive, and timely data in our area. Shared cooperation among all brokers means that every client has fair and equitable access to all properties on the market, and the Clear Cooperation Policy helps us achieve that.

Thank you for helping us bring cooperation back to the forefront of our market.

Sincerely,

The ACTRIS MLS and the Austin Board of REALTORS®
 
 
FREQUENTLY ASKED QUESTIONS

What is considered “public marketing”?
Public marketing is considered any advertising intended to draw attention to your listing from other agents outside of your office, as well as any consumers/the general public. This includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public-facing websites (including social media websites), brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.

What will happen if I am in violation of the policy?
Violations of the policy will result in notifications educating the Participant and Subscriber on the value of MLS cooperation. This “education-first, enforcement second” approach is consistent with how we address other MLS rules and is subject to change as this policy evolves in our market.

Am I allowed to advertise my listing outside of the MLS?
Yes. But if your listing is publicly advertised outside of the MLS and is not also in the MLS at that time, then your listing will need to be entered into the MLS within one business day.

What property types does this policy apply to?
This policy will only apply to sub-property types designated under Residential. The following special listing conditions will be excluded from this policy: auctions, foreclosures, and new construction.

Does this rule prohibit “Office Exclusives”?
No. "Office exclusive" listings are an option for sellers concerned about privacy and wide exposure of their property being for sale. In an office exclusive listing, direct promotion of the listing between the brokers and licensees affiliated with the listing brokerage, and one-to-one promotion between these licensees and their clients, is not considered public advertising.

What if my listing is “coming soon”? Can I put a yard sign out?
Placing a yard sign in front of your listing counts as public marketing and would trigger the one business day clock. If your listing is not yet ready to be on the market, then the sign would need to be removed.

Will ACTRIS be creating a Coming Soon (CS) status?
There will not be a Coming Soon (CS) status for implementation of this policy on May 1. However, ABoR and ACTRIS will continue to weigh implementation options, including a CS status, as this policy evolves.

What are my options if I sign the listing agreement, but the property isn’t ready to show for another two weeks?
As long as the property is not advertised outside of your office, you do not yet need to put the listing into the MLS. The same listing agreement rules that have previously applied still apply, which requires submission of a listing to the MLS within five business days of executing the contract, unless a listing date addendum is used.

What if my client wants to withhold the listing from the MLS?
Sellers are still allowed to not advertise their home for sale to cooperating Participants through the MLS. However, ACTRIS may request documentation signed by the seller which will acknowledge that no public marketing is allowed by anyone, including the homeowner(s). If the property is publicly advertised, regardless of any submitted documentation, then it will need to also be submitted to the ACTRIS MLS to avoid a violation.

What will be the fine if I don’t put the listing in the MLS within one business day of advertising it outside of my brokerage?
ABoR and ACTRIS MLS are taking an education-first approach to reinvigorate cooperation between brokerages. There will be no immediate fines issued for non-compliance, but this is subject to change as this rule evolves in our market. This “education first, enforcement second” approach on the value of MLS cooperation is consistent with how we enforce other MLS policies.
 
 

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