NAR Commission Settlement Updates:

All commission fields have been removed from the Vail MLS as of 8/1. There were several rule changes sent out regarding what will no longer be permitted in the MLS or Broadcast Email service. Details, with a link to the updated VMLS Rules & Regulations and Broadcast Email Cheat Sheet are below.

Communication of compensation in any fields in the MLS is prohibited. Public and private remarks have constraints put in place to prevent agents from entering a listing with any remarks or keywords that attempt to communicate compensation.

VMLS will no longer allow ANY type of website or external link in ANY field in the MLS. In accordance with the settlement agreement, brokerage websites or external links being used to communicate compensation cannot be linked to from the MLS. Therefore, at this time we cannot allow any type of URL/websites in any fields.

There is one exception to this rule, IF the property is located in a Metro District, the website for the Metro District may be entered into the designated field for Metro District websites. This field may not be used for any other websites such as HOA or property websites.

Virtual Tours are still permitted in the MLS but may only be entered into the designated virtual tour fields in the MLS.

This rule also applies to the Broadcast Email System. Email content sent to Broadcast Email lists may NOT contain websites/URLs, External Links. This includes links from flyers and email signatures. This will result in possible fines and suspension from the email system. We ask that you please use your own email systems to send marketing emails.

NEW CONTRACTS

New Contracts are now available for use from the Colorado Division of Real Estate.

Agents should now be using the new contract forms made available as of August 15.

Electronic Contract Software providers are responsible for updating the forms for their service.

If you have questions regarding contracts, please direct them to the CAR Legal Hotline, your attorney, or Managing Broker.

FLEXMLS UPDATES

Flex now integrates with Matterport and iGuide, meaning listings can now be autofilled from data entered from these two platforms, which will make room population and listing data much more accurate, and prevent the links from expiring after the listing closes. Instructions on using this is linked below.

Flex will be releasing an update on the Search Filters in the mobile app, creating a more user friendly and effective search experience. More details on this update can be found in this link.

The Product News page in Flex highlights many of the improvements and updates that Flex has been hard at work releasing. Read about them in the below link.

RULES REMINDERS

Sold Entry Only Reminders:

Off market sales can be recorded in the MLS using the Sold Entry Only PROPERTY TYPE. These sales do NOT go into Residential. Please make sure to enter off market sales within 2 business days of closing, upload a valid contract, and include at least one photo. Please enter “entering for statistical purposes only” into the remarks. These listings are entered as active, and should then be closed out immediately. They do NOT go out into the Hot Sheet as active.

This property type is separate from Residential, so be sure to include this into your reports and sold data searches, otherwise it will not display.

RULES REMINDERS

Contact MLS Director Jessica Cliver for general MLS assistance or answers to your MLS rules or regulations. jessica@vbr.net or 970-766-1032.

For assistance with MLS, MLS Touch App, Tech Helpline, ShowingTime or Sentrilock, please use the contact information below.

Flexmls Support:

• Email: support@fbsdata.com
• Phone: 888-525-4747
• (7:00 a.m. to 8:00 p.m. MTN, Monday - Friday)

Tech Helpline:

• Phone: 866-619-8170

Sentrilock Support:

• Phone: 877-736-8745

ShowingTime & InfoSparks:

• Phone: 800-379-0057
• 8:00 a.m. to 5:00 p.m., Monday - Friday
• E-mail: showings@showingtime.com
• Web: www.showingtime.com

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