Clear Cooperation Policy 8.0
Clear Cooperation Policy
The Clear Cooperation Policy 8.0, mandated by NAR for all Association-owned MLS’s, was put into effect by the Monmouth Ocean Regional REALTORS® on April 1, 2020. This policy is an NAR Board of Director-approved mandate that requires listings be submitted to the MLS for cooperation with other broker participants within one business day of public marketing.
Clear Cooperation Policy 8.0 brings about changes in the MLS that will increase cooperation in the market as a whole and works to ensure cooperation among our broker participants.
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.
What is public marketing?
Public marketing includes, but is not limited to:
why we need it
NAR’s rationale is that the distribution of listing information and cooperation among MLS participants is pro-competitive and pro-consumer. By joining an MLS, participants agree to cooperate with other MLS participants except when such cooperation is not in their client’s best interests. This policy is intended to bolster cooperation and advance the positive, pro-competitive impacts that cooperation fosters for consumers. The public marketing of a listing indicates that the MLS Participant has concluded that cooperation with other MLS participants is in their client’s best interests.