The compensation field has been removed from the MLS. A new field labeled Seller Consider Concessions is now available. If you have an active listing, you may want to modify your listing in the MLS. The new field can be used to advertise if concessions are offered, but specific dollar amounts or percentages are not allowed...
Fractional Ownership listings (often referred to as Co-ownership listings) are to be added under the Residential category and the Fractional Ownership property type. The Public Remarks should clearly state that the property is a co-ownership listing ...
The Board of Directors adopted several mandatory MLS policy changes from N.A.R. A summary of the changes that will go into effect on March 1st are included below. The 2022 Policy Change FAQ can help you understand these rules. The changes to the ...
The MLS Committee and the Board of Directors have reviewed the coming soon policy to ensure that it presents a true picture of the advertising and marketing of a listing (and to be more consistent with other MLSs throughout the state). They ...
Agents and TCs can now fill in and send multiple PEAD forms for interested buyers with just a few clicks. Covid-19 has resulted in countless challenges for agents across California. The CDC and DRE recommend real estate professionals abide by certain guidelines during the pandemic. Santa Barbara Association of REALTORS® and Glide have teamed up to give you a fast and easy way to stay compliant and protect your clients.
The new Privacy property type was created as an option for sellers concerned about privacy and wide spread exposure of their property for sale. The Privacy listing type meets the MLS mandatory submission requirement, satisfies the privacy needs of the seller, and promotes cooperation among brokers.
Effective May 1st, 2020 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. The Clear Cooperation FAQ includes additional information on the policy.
The SBMLS Board of Directors has decided not to move forward with a freeze on Days on Market (DOM). The Board examined all considerations around this issue and strongly feel that this is the best approach during these unprecedented times. Freezing DOM distorts the accuracy of the data in the system. It is important that we maintain this data to understand the true impact of the COVID pandemic on real estate.
The Board of Directors has approved a rule change to remove the 21 day limit on Coming Soon listings. A listing may now be entered into the MLS for the duration of the listing contract.
At it’s November 11th meeting, the National Association of REALTORS’ Board of Directors approved MLS Statement 8.0, also known as the Clear Cooperation Policy. The policy requires listing brokers who are participants in a multiple listing service to submit their listing to the MLS within one business day of marketing the property to the public.