BIG CHANGES - MLS Membership Requirements Change July 1, 2018

By
Real Estate Broker/Owner with Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...
https://activerain.com/droplet/5cRL

 

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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Rainmaker
1,054,278
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good day 

Thank you for sharing your information with us 

Have a great day. 

Jun 19, 2018 09:08 PM #1
Rainmaker
3,195,354
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Jun 19, 2018 10:58 PM #2
Rainmaker
2,518,862
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

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.

Jun 20, 2018 07:10 AM #3
Rainmaker
165,675
John Henry
John Henry Masterworks Design International, Inc. - Orlando, FL
Residential Architect, Luxury Custom Home Design

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.

Aug 02, 2018 04:53 AM #4
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