The National Association of REALTORS' Board of Directors approved MLS Policy 8.0, also known as the Clear Cooperation Policy. The policy requires listing brokers who are participants in an MLS to submit their listing within one business day of marketing the property to the public.
Summary of the new Clear Cooperation Policy: "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 IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public."
Reminder: Per Wis. Stat. 452.136, in all advertising (including social media) a licensee shall disclose the firm's name in a clear and conspicuous manner. Additionally, a licensee may not advertise a property in any way prior to the effective date of the term of the listing, regardless of when the listing was signed.
The new RANW MLS submission rules go into effect April 1, 2020, with a grace period until July 1st, 2020, for fines for non-compliance. From April 1st - July 1st, warning notices will be sent to MLS Participants, based on verified complaints received from members. Thereafter, violations will be subject to a progressive fine schedule. The goals for the grace period are integrity of the MLS database of listings and compliance with the rules - allowing time for member education.
Also new, the RANW MLS local portion of this NAR Rule includes a new required form to be signed by the Seller for any Delay or Exclusion from MLS.
Please click link for the new form
For more information, please see also the WRA Legal Update, December, 2019 regarding MLS Clear Cooperation Policy. For the full RANW MLS Rules, click HERE.
WRA Update: http://www2.ranw.org/newsletter/march/DECEMBER_LU_2019_FINAL.pdf
NAR - Clear Cooperation policy:
*New Change: Subdivisions (5 lots and over) are excluded from the CC Rules.