![]() ![]() Texas REALTORS®, in its sole discretion, reserves the right to remove any content you have uploaded, posted, or submitted onto any of our blog posts if we believe that it violates these terms or conditions. You will not post any information intended to sell or advertise a business, product, or service. You will not post content or take any action on our blog posts that infringes someone else’s rights or otherwise violates the law. You will not use our blog posts or posted content to do anything unlawful, misleading, malicious, or discriminatory and You will not post any defamatory, discriminatory, libelous, threatening, vulgar, sexually explicit, abusive, profane, rude, or obscene content (including comments) By interacting with any of our blog posts, you agree to comply with the following terms and conditions: Texas REALTORS® provides content through various online platforms, including this blog. However, MLS rules may still require that the sale be reported to the MLS. If the sellers wish to sell the property before the listing goes active, it is their right to do so. Can a “coming soon” property go under contract before going active in the MLS? Also, be careful to avoid any practices that violate-or may appear to violate-fair housing rules, such as restricting individuals belonging to protected classes from viewing the property. Otherwise, a property listed as “coming soon” should not be open to showings. Yes, but only if the seller directs the listing broker to allow the showing. Can a listing broker show a “coming soon” home to one agent but not others? ![]() The MLS rules require a broker to have a signed listing agreement or certification before submitting a property to the MLS, even if it’s not ready to show. Can a broker list property in the MLS as “coming soon” without a listing agreement? “Coming soon” status is not intended to give the listing broker a competitive advantage and cannot be used to circumvent the Clear Cooperation Policy. Otherwise, a listing broker may be at risk of violating the Code of Ethics, breaching fiduciary duties outlined in TREC rule 531.1, and possibly violating fair housing laws. The decision to list a property as “coming soon” should be the seller’s. Can a broker decide whether a listing can be marked as “coming soon” in the MLS? Be sure to check that your MLS has such a status. Listing the property as “coming soon” will comply with the Clear Cooperation Policy. COMING SOON STATUS If an MLS has established a “coming soon” status that shares listing data with all MLS participants, does that comply with the cooperation requirements of the policy? However, if an office exclusive is displayed or advertised to the general public, the listing agent is then required to comply with the policy. The listing broker is allowed to market a property among the license holders affiliated with his or her listing brokerage. ![]() Direct promotion of the listing between license holders affiliated with the sponsoring broker-and one-to-one promotion between these license holders and their clients-is not considered public marketing.Ĭommon examples include divorce situations and celebrity clients. Does the Clear Cooperation Policy prohibit office exclusives? Can a seller or listing broker opt out of the policy’s obligations? It can include fliers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital marketing (email), and multi-brokerage listing sharing networks. Public marketing means any time the listing information is provided outside the listing brokerage. ![]() Business days exclude Saturdays, Sundays, and holidays. The policy states that within one 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. NAR CLEARĬOOPERATION POLICY What does the Clear Cooperation Policy say? Note: Check with your local MLS to see if it has adopted additional rules related to coming-soon listings. To address the growing use of coming-soon listings-and growing discontent with the practice-NAR in May 2020 adopted the Clear Cooperation Policy, which helps ensure all consumers have access to the same housing opportunities.īut how does the Clear Cooperation Policy work? And what if an MLS has added a “coming soon” or similar status? Find out below. You may call them coming-soon listings, pocket listings, or something else, but many in the real estate industry call them a problem. ![]()
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