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Clear Cooperation Policy

 

What is NAR’s Clear Cooperation Policy?

Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public and social media sites such as Facebook and Instagram. NAR Clear Cooperation Policy | Adopted 11/19

To view/print the NNRMLS Clear Cooperation FAQ PDF, please click here
To view/print the Listing Comparison Grid, please click here

 

NNRMLS implemented NAR’s Clear Cooperation Policy on April 29th, 2020. Stay tuned to our emails, the MLS Post, social media and this page for updates. 

Why is NNRMLS Implementing NAR’s Mandated Clear Cooperation Policy?

The National Association of REALTORS® Clear Cooperation Policy, otherwise known as “MLS Policy Statement 8.0,” was approved by NAR’s Board of Directors at its November 11, 2019 meeting. This policy aspires to ensure publicly-marketed listings are entered into the MLS so that all participants are exposed to all available listings. NAR mandated that all MLSs, like NNRMLS, implement the policy by May 1, 2020. NNRMLS implemented on April 29, 2020.

How DID NNRMLS IMPLEMENT NAR’S CLEAR COOPERATION POLICY?

RMLS will no longer accept Version A or Version B of the NNRMLS Seller’s Waiver of Benefits; see more below:

  • In order to comply with Section 1.3 of the NAR model MLS rules that provide for “Exempt Listings” NNRMLS implemented the “NNRMLS Withheld Listing Compilation,” found here: https://members.nnrmls.com/withheld-listing (login to Launchpad required). Brokers and their Agents can upload an “Office Exclusive,” otherwise known as a “Withheld Listing,” along with a fully executed “Acknowledgement and Authorization to Withhold Listings Form,” (available in Instanet’s TransactionDesk). Withheld listings must be entered into the NNRMLS Withdrawn Listing Compilation within two business days of sellers’ signature on the listing contract. NOTE: If a Withheld Listing is publicly marketed outside of the listing brokerage, it MUST be entered into the Paragon MLS System within ONE DAY of that marketing, according to the National Association of REALTORS Clear Cooperation Policy.
  • NNRMLS implemented an “NNRMLS Withheld Listing Compilation,” found here: https://members.nnrmls.com/withheld-listing/ Login to Launchpad required, where Brokers and their Agents can upload an “Office Exclusive,” otherwise known as a “Withheld Listing”, along with a NEW Acknowledgement and Authorization to Withhold Listings Form,” (available in Instanet’s TransactionDesk). Withheld listings must be entered into the NNRMLS Withdrawn Listing Compilation within two business days of seller signature on the listing contract. NOTE: If a Withheld Listing is publicly marketed outside of the listing brokerage, it MUST be entered into the Paragon MLS System within ONE DAY of that marketing, according to the National Association of REALTORS Clear Cooperation Policy.

  • Not part of Clear Cooperation, but necessary for the NNRMLS local implementation: NNRMLS has implemented a Coming Soon status and a Coming Soon Authorization form, available in Instanet’s TransactionDesk. Coming Soon listings must be entered into the Paragon MLS database within two business days of seller’s signature on the listing contract. (More about Coming Soon Listings below)
  • Listing Procedures have been updated in the NNRMLS Policy Handbook and the Rules and Regulations Handbook

WHAT HAPPENS TO LISTINGS THAT HAVE A DISCONTINUED NNRMLS SELLERS’ WAIVER OF MLS BENEFITS FILED WITH THE NNRMLS??

NNRMLS discontinued the old NNRMLS Sellers’ Waiver of Benefits the day Clear Cooperation was implemented (April 29, 2020). Listings that are ‘on a waiver’ are now considered out of compliance with NNRMLS Policy. Following are the requirements for listings that were ‘on a waiver’ that now must be brought into compliance with NNRMLS:

  • If the listing is being publicly marketed but has not been shown to potential buyers, it may be entered into Paragon as Coming Soon. 
  • If the listing is being publicly marketed and has been shown to potential buyers at all, it must be entered into Paragon as New/ActiveNOTE: To enter a listing that was ‘on a waiver’ into the Coming Soon status, all Coming Soon rules must be observed. The listing will need to be complete, including at least one photo.
  • If the listing has not, and will not be publicly marketed, and the Seller has directed the Listing Agent and Broker that they do not want it disseminated through Paragon MLS, it will need to be entered into the NNRMLS Withheld Listing
  • Compilation Portal, https://members.nnrmls.com/withheld-listing/, accompanied by a fully executed, (completed and signed by all parties), Acknowledgement and Authorization to Withhold Listing Form by June 1, 2020. 

When WAS THE LAST DAY NNRMLS ACCEPTED THE NNRMLS SELLERS’ WAIVER OF MLS BENEFITS?

NNRMLS Members will be able to enter a Coming Soon listing into the Paragon MLS System just as they enter other listings. The Coming Soon Authorization Form will be will be available in Instanet’s TransactionDesk within both the NNRMLS Forms and Listing Forms Folders

What is the Withheld Listings Compilation and the acknowledgement and authorization to WIthhold Listing Form?

  • The NNRMLS Withheld Listings Compilation is a new web portal where Listing Brokers and Agents will, if directed by their Seller(s), input information about their listing to be withheld, and upload the Acknowledgement and Authorization to Withhold Listings Form.

  • The Acknowledgement and Authorization to Withhold Listings Form is a new NNRMLS form that requires the Sellers(s), Listing Agent(s) and Listing Broker(s) to acknowledge the ramifications of withholding their listing from the MLS Database. It also requires the Sellers(s), Listing Agent(s) and Listing Broker(s) to acknowledge they understand the NNRMLS rules surrounding withheld listings. The form also serves as authorization from Sellers(s), Listing Agent(s) and Listing Broker(s) for NNRMLS to keep a record of the listing within the Withheld Listings Compilation.

  • The Acknowledgement and Authorization to Withhold Listings Form is accessed in Instanet’s TransactionDesk in both the NNRMLS Forms and Listing Forms folders. 

When DO i use the Acknowledgement and Authorization to Withhold Listing Form and the Withheld Listings Compilation?

If a required listing; Residential, Vacant Land or Multi-Family, needs to be withheld from the NNRMLS Database for reasons indicated by the seller, then an Acknowledgement and Authorization to Withhold Listing Form needs to be completed and submitted to the NNRMLS Withheld Listing Compilation Portal. While uploading the form, the Compilation Portal prompts the user to also enter some minor attributes about the listing. NNRMLS may use information in the Compilation for the limited purpose of responding in the affirmative or negative to inquiries from NNRMLS Members about whether or not a specific property is listed as a withheld listing. All other information provided to NNRMLS by a Listing Agent about their Withheld Listing is confidential and not made available to anyone besides certain NNRMLS employees. While the listing is withheld, the Listing Agent and/or Broker may only share it within their own Brokerage. 

Why DID NNRMLS Create the Acknowledgement and Authorization to Withhold listings Form and withheld listings Compilation?

  • While NAR’s Clear Cooperation Policy aspires to ensure publicly-marketed listings are entered into the MLS so that all participants are exposed to all available listings, NAR does allow for “Office Exclusive” listings as outlined on its MLS Clear Cooperation Policy website: https://www.nar.realtor/about-nar/policies/mls-clear-cooperation-policy. Office Exclusives are also known in the industry as Broker Exclusives. 

  • A listing entered into the NNRMLS Withhold Listing Compilation and accompanied by a completed Acknowledgement and Authorization to Withhold Listing Form meets the description of NAR’s Office Exclusive listing. As a part of the Clear Cooperation Policy, NAR also directs if public marketing occurs while the listing is in the Compilation, then the Listing Agent(s) and Listing Broker(s) have one (1) business day to enter it as an Active listing in the NNRMLS Paragon MLS Database.

how do i enter a “Coming Soon” Status?

NNRMLS’ Coming Soon listing status is completely unrelated to NAR’s Clear Cooperation Policy except for the fact the Coming Soon status was implemented on the same day. NNRMLS Members are now able to enter a Coming Soon listing into the Paragon MLS System just as they enter other listings. More about Coming Soon listing status:

  • Searchable by all NNRMLS members with access to Paragon MLS 
  • A listing can be in Coming Soon status for a maximum of 21 days
  • The days on market will not accrue
  • A Coming Soon listing can be publicly marketed
  • A Coming Soon listing cannot be shown
  • Coming Soon Authorization Form is required to be kept in the listing agent’s file, but is not required to be submitted to NNRMLS, unless the agent is audited. The form is available in Instanet’s TransactionDesk within the NNRMLS Forms Folder.
  • More Coming Soon guidelines can be found on the NNRMLS Coming Soon Authorization Form, in the NNRMLS Policy and Rules and Regulations handbooks and in our FAQ: https://members.nnrmls.com/wp-content/uploads/2020/04/NNRMLS-Clear-Cooperation-FAQ.pdf

 

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961 Sierra Rose Drive Unit A
Reno, NV 89511

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