NorthstarMLS Clear Cooperation Policy effective March 1st
Last November, the National Associations of REALTORS® Board passed Policy 8.0, also known as the Clear Cooperation Policy (91% of its 800 Directors voted in favor). As a result, there are some changes to NorthstarMLS policy, effective March 1, 2020.
In response to NAR’s Clear Cooperation Policy, effective 3/1/2020, our Board of Directors has adopted the following:
In the event a Withheld (i.e. Office Exclusive) listing is publicly marketed during the term of the listing, then:
- Within one (1) business day of marketing a property to the public, the listing broker must enter and submit the listing to the MLS for cooperation with other MLS Participants (Active, TNAS or Coming Soon status if not yet Pending/Sold).
- Examples of public marketing include but are not limited to: Broker and other public websites, any digital marketing (such as email blasts), yard signs, fliers displayed in windows, private listing networks.
- All Withhelds are now considered “Office Exclusives” that may not be publicly marketed (unless entered into the MLS for cooperation within one business day of marketing).
- All listings still must be entered into the NorthstarMLS Add/Edit system within two business days of the Listing Agreement Date (or within one business day if public marketing starts on the Listing Agreement Date). Withhelds (office exclusives) still must be entered into the Add/Edit system in Withheld status within two business days of the Listing Agreement Date.
- Fine for violation: $1,000 for first violation. Fines escalate for additional violations.
- Exempt from this Policy: Commercial, Rental, and new construction developments with multiple properties (single family homes, condos, etc.).
While the above covers most of the basics, we have also created a Web page resource with more information, including answers to frequently asked questions. We recommend taking time to review this information.
Did you know that in 2017, the typical age of a buyer rose to 45 and the typical home seller was 55 years old? The National Association of Realtors® recently conducted its annual survey of recent home buyers and sellers provides insight into detailed information about their experiences with this important transaction.
The infographic below highlights some characteristics of buyers and sellers in 2017. If you want to read the entire NAR Buyer and Seller Profile report, click here.
Have you worked with a client that is in the market for a greener, more sustainable home? You’re probably not alone if you answered “YES.”
Over half of REALTORS® recently surveyed in the National Association of REALTORS® (NAR) REALTORS® and Sustainability report say consumers have an interest in sustainability as it pertains to real estate – homes that have features intended to conserve natural resources (for example: solar panels). NorthstarMLS Matrix has energy efficiency fields, such as Green Certification and HERS Score, and several energy-efficient features that might appeal to your “green” buyer.
NAR recently surveyed its members pertaining to sustainability issues facing their industry. Here are some key findings:
- Forty-three percent of respondents report their MLS has green data fields.
- Seventy-one percent said that energy efficiency promotion in listings was very or somewhat valuable.
- Fifty-six percent of respondents find clients are at least somewhat interested in sustainability.
- Sixty-one percent of respondents are comfortable answering clients’ questions about home performance.
- Eighty percent said that solar panels are available in their market. Forty-two percentsaid solar panels increased the perceived property value.
- Twenty-seven percent of agents and brokers were involved with 1 to 5 propertiesthat had green features in the last 12 months.
You can read the full REALTORS® and Sustainability report from NAR here.
In May, Minnesota Realtor John Smaby was named the First Vice President of the National Association of REALTORS® for 2017. He’ll be President-Elect for 2018 and President for 2019. Smaby is only the second Minnesotan to hold the position. His father, Philip, was the first. He was NAR’s president in 1976.
John has 45 years of experience in the real estate industry, with many leadership positions (including our own NorthstarMLS Board of Directors). His stint with NAR begins this November.
John was recently interviewed by Jim Buchta of the Star Tribune. You can read the entire interview here.
NorthstarMLS congratulates Minnesota Realtor John Smaby on his election as First Vice President of the National Association of REALTORS® for 2017 (President-Elect for 2018 and President for 2019). John has 45 years of experience in the real estate industry, with many leadership positions (including our own NorthstarMLS Board of Directors). Voters made an excellent choice and we are excited for John and the leadership he will bring to the industry. To learn more about John and his experiences, vision and values, visit his website.