Lynn B. Friedman - Atlanta Homes ODAT Realty: BIG CHANGES - MLS Membership Requirements Change July 1, 2018

BIG CHANGES - MLS Membership Requirements Change July 1, 2018

 

BIG CHANGES -
MLS Membership Requirements Change July 1, 2018

 

 

MLS OF CHOICE

 

"As you may be aware, the National Association of Realtors (NAR) is instituting a significant policy change, known as the "MLS of Choice" directive, which is due to take effect on July 1, 2018. As we understand it, the general purpose of this directive is to relieve real estate professionals of the financial burden associated with belonging to an MLS that he or she is not using. So, while a broker may belong to multiple MLSs, his or her agents will only be required to select one, but more if they so choose.

"This NAR directive only applies to MLSs that are owned by the local association of REALTORS®.  [In Atlanta], FMLS is privately held - i.e., not owned by an association.  [FMLS] is not under the control of NAR.
 
"More importantly, our business model is not dues-based, nor does it require an individual agent to join our service. Instead, it is the broker member's responsibility to see that listings are input to FMLS's database and pay FMLS fees pursuant to our rules. It's IMPORTANT to note, however, that the NAR directive does allow for FMLS to be an agent's "MLS of Choice."

"To view NAR's commentary on "MLS of Choice," you can visit this link to an NAR website. If you have questions or need further clarification with respect to FMLS rules or policies, feel free to reach out to me by email (cdavis@fmls.com) or telephone (678-420-4435)."
 
The information above was supplied by FMLS to members.
Reprinted here by courtesy of FMLS.

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Comment balloon 4 commentsLynn B. Friedman • June 20 2018 01:54AM

Comments

Good day 

Thank you for sharing your information with us 

Have a great day. 

Posted by Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker (Harry Norman, REALTORS® ) 6 months ago

So what do you think of these changes Lynn? Will you benefit by this or not? Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) 6 months ago

Hmm, I don't think this will affect me at all, I have only ever subscribed to one MLS.  It's time for me to renew my membership too, haha.

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) 6 months ago

Well, now I know a heck of a lot more about MLS!  Thanks, Lynn, had no idea there was more than one!  And so those who are using only one don't have to pay for the others.  Good deal.

Posted by John Henry, Residential Architect, Custom Home Design (John Henry Masterworks Design International, Inc.) 5 months ago

Participate