NAR MLS Policy Statement 8.8, Display of Listing Broker’s Offer of Compensation Implemented
In compliance with the NAR MLS Policy 8.8, ColoProperty.com® now displays Buyer Agency and Transaction Broker compensation on listing details.
It is important to note that the compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
The policy, which went into effect January 1, 2022, states
“MLSs must include the listing broker’s offer of compensation for each active listing displayed on its consumer-facing website(s) and in MLS data feeds provided to participants and subscribers and must permit MLS participants or subscribers to share such information though IDX and VOW displays or through any other form or format provided to clients and consumers. The information about the offer of compensation must be accompanied by a disclaimer stating that the offer is made only to participants of the MLS where the listing is filed.”
(New) MLS Policy Statement 8.8, Display of Listing Broker’s Offer of Compensation [Mandatory]
Additional information on the policy can be found
IRES MLS: Come Home to Colorado 