August 17, 2024:
Any offers of compensation CANNOT BE INCLUDED IN THE MLS OR ANY OTHER ANCILLARY SERVICE PROVIDED BY realMLS. To do so puts yourself, your brokerage, the MLS and the Association at risk of being in violation of the settlement. This is a part of the settlement agreement and will be aggressively monitored.
No reference to compensation can be entered into any part of a listing or any third-party ancillary product. Offers of compensation or any reference to an offer of compensation cannot be entered in:
- Any fill in the blank data field of a listing
- Directions
- Public Remarks
- Supplement
- Private Remarks
- Documents
- Photos
- Tours/Videos
- Open Houses
- 3rd Party programs such as Showingtime etc.
Some examples of terms that will be monitored are compensation, commission, bonus, concession and seller to pay if used as a form of an offer to pay compensation. If you enter “Seller to pay closing costs”, or “concession offered for flooring” that is acceptable.
