The MLS/CLAW ANNOUNCEMENT
To comply with practice changes required by the NAR Settlement Agreement and the design of newly released CAR forms, The MLS/CLAW will implement the following changes:
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A new optional field labeled Seller Concessions with the option to check a “Yes” box, indicating the seller is willing to consider offers asking for concessions, will be added. ( completed on July 24, 2024)
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The existing Concession Amount field will only be available at listing closeout ( completed on July 24, 2024)
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The Concession Comment Field will be removed. ( completed on July 24, 2024)
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The CSO (Commission to Buyers Brokerage) field will be removed. ( August 13, 2024)
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The Buyer’s Brokerage Compensation Remarks field will be removed. ( August 13, 2024)
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Updated MLS policies to require MLS participants and subscribers working with buyers to have a written representation agreement in place prior to touring homes. ( August 13, 2024)
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Compensation data will be removed for listings in the following statuses: Active, Active Under Contract, Withdrawn, Hold, and Coming Soon. ( August 13, 2024)
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Compensation data for Sold, Expired, Pending, and Cancelled Listings will remain for Historical Purposes. ( August 13, 2024)
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Pending and Cancelled listings changed to any status besides Sold will have the Compensation data removed. ( August 13, 2024)
The MLS/CLAW has prepared a NAR Settlement Update Page for your convenience. Click Here!
