Relevant MLS Updates

Under “Showing Type” - “Virtual Showing – Call Agent” option is available NTREIS added a selection under the field "Showing Type" for "Virtual Showings - Call Agent". Please use this field to indicate to other agents that you have a virtual showing available for your listing. We would also recommend adding a comment in the public remarks to inform buyers if your seller prefers to offer virtual showings only (or at least initially) so they can communicate with their own agent about their preferences. A new option for Virtual “Live Open House” NTREIS added a selection under the "Open House" for "Live Open House". Please use this field to indicate to other agents that you have a virtual, live-streaming open house scheduled for your listing. This is different from “Virtual Tour” and is meant to link to an offsite live-streaming platform where an open house can be conducted digitally in real time and be interactive. When conducting any virtual showings or open houses, be sure to maintain compliance with your local government agencies regarding allowable activities if under any type of restrictions or stay at home mandates.

Not sure how to live stream on social media? Here are additional resources for social media management to implement virtual open houses:

Clear Cooperation Policy Effective May 1, 2020, all multiple listing services will require that a listing is submitted to the MLS within one business day of the listing being publicly marketed. Find out about the rationale behind this new Clear Cooperation policy, how it will affect you, and why the new rules create a more efficient, pro-competitive marketplace that benefits buyers and sellers.

MLS Statement 8.0 in the NAR Handbook on Multiple Listing Policy was approved by the National Association of REALTORS® Board of Directors on Nov. 11, 2019. Multiple listing services must adopt the following policy no later than May 1, 2020:

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.

For all the details involving the Clear Cooperation Policy visit: https://www.nar.realtor/about-nar/policies/mls-clear-cooperation-policy

Understand the new MLS Clear Cooperation Policy? Have you done a live stream tour of one of your listings? Go ahead and check off those squares on our "We R In This Together" member engagement "Stop the Spread" bingo board!

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