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Home > MLS > MLS Rules Changes

MLS Rules Changes

The following changes to the MLS Rules will become effective on August 1, 2018

 

10.2 Reporting of Sales.  (Added to the end of the rule):  Additionally, an MLS may accept the reporting of sales information solely for comp purposes about other properties which were not otherwise eligible for input into the MLS but are located in the MLS’s primary geographic service area and “sold” by a MLS participant and/or subscriber who represented the underlying property owner (i.e. broker who represented the seller or broker who represented the buyer), as long as such reporting is authorized by the underlying property owner to the broker who represented it, (documentation of which must be presented to MLS, if requested by the MLS), and the circumstances of the representation are disclosed on the service by the reporting participant or subscriber. Any discretionary submission of sales information must occur within 30 days after close of escrow.

12.15.2  Information Reproduced.  e.  Expired or withdrawn listings



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