Welcome to the August 2021 Broker Report. This information is available for you to share with your agents and office staff. Resources for you and your agents on any modifications to how you do business are available on our webpage: CRMLS COVID-19 Resources.
Important rule changes arrive on 9/1/2021
On September 1, 2021, CRMLS will implement important rule changes, as decided by the Rules Committee and approved by the CRMLS Board of Directors.
The CRMLS Rules Committee, composed of representatives from each of the CRMLS participating associations, exists to ensure that the rules stay updated and reflect how agents do business.
One of the most impactful changes is the “Business Days” modification. The Rules will no longer use the term “Business Days,” except for Rule 7.9 (Clear Cooperation). Otherwise, all references to days in the Rules mean calendar days.
To see the details of all upcoming rule changes, read the CRMLS Rules & Policy Change Summary.
Changes to CRMLS IDX Listing Credit Rules
One of the most important changes, designed to benefit both real estate professionals like you and your clients, is an update to how agent and broker IDX websites display your MLS data. The newly updated rule reads:
12.16.5 Listing Credit. All Listing Brokers grant permission for any Advertising Broker to display any listings submitted to the service by the Listing Broker only if the listing display or advertisement is clear so that a reasonable real estate consumer understands:
- a) Who is the Listing Agent & Broker,
- b) Who is the Advertising Broker and
- c) How to contact that Listing Agent or Broker.