CHCBR MLS

Per NAR's mandated policy changes:

• Commission fields have been removed from CHCBR MLS listings.
• There can be NO reference to commission or compensation on any listing, including uploaded documents.
• Notes/info relating to commission or compensation may not be conveyed via the SentriLock lockboxes, as they are owned by CHCBR MLS.

Resources:

• Updated Central Hill Country Board of REALTORS' Multiple Listing Service Rules
• NAR Settlement FAQ's available HERE
• Texas REALTORS Legal FAQs available HERE
• Navigating the Upcoming Practice Changes - Live Interactive Webinar - Thursday, August 15th | 3pm-4pm REGISTER HERE

What MLS policies have changed?

The policy changes, agreed to by NAR leadership, were reviewed and updated with the changes as outlined below:

• Eliminate and prohibit any requirement of offers of compensation on an MLS between listing brokers or sellers to buyer brokers or other buyer representatives.
• Retain, and define, "cooperation” for MLS Participation.
• Eliminate and prohibit MLS Participants, Subscribers, and sellers from making any offers of compensation on an MLS to buyer brokers or other buyer representatives.
• Require an MLS to eliminate all broker compensation fields and compensation information on an MLS.
• Require an MLS to not create, facilitate, or support any non-MLS mechanism (including by providing listing information to an internet aggregator’s website for such purpose) for Participants, Subscribers, or sellers to make offers of compensation to buyer brokers or other buyer representatives.
• Prohibit the use of MLS data or data feeds to directly or indirectly establish or maintain a platform of offers of compensation from multiple brokers or other buyer representatives. Such use must result with an MLS terminating the Participant’s access to any MLS data and data feeds. 
• Reinforce that MLS Participants and Subscribers must not, and MLSs must not enable the ability to filter out or restrict MLS listings that are communicated to customers or clients based on the existence or level of compensation offered to the cooperating broker or the name of a brokerage or agent.
• Require compensation disclosures to sellers, and prospective sellers and buyers. 
• Require MLS Participants working with a buyer to enter into a written agreement with the buyer prior to touring a home.

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*Sponsored sales agents, please check with your broker for guidance and best practices.*