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Legal Hotline & FAQs
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Legal Hotline FAQs
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MLS Rules
MLS Rules
Where can I find the MLS Rules and Regulations?
What are the rules for Clear Cooperation Policy 8.0/Bright MLS Rule 1.8 Regarding Off-MLS or “pocket” listings?
Is my seller allowed to accept sight unseen offers while in coming soon status?
What are the various status definitions in Bright MLS?
Can my firm advertise resales, vacant land and new construction properties that are for-sale-by-owner (“FSBO”) on our website without listing it in the MLS?
I have heard about services that will provide lists of recently expired or cancelled Bright MLS listings. What do I need to know to avoid violating our legal and ethical obligations?
How do I list a short sale in the MLS?
What steps should I take if a listing is a potential short sale?
Must a lender pay agreed-upon commission on a short sale transaction?
I’ve been seeing a lot of properties advertised online or on signs as “Coming Soon,” but the property is not in the MLS, and the listing agent is permitting showings. Is this legal, ethical, or a violation of the MLS rules?
Many Realtors® are familiar with the online school ratings systems, but those systems may not provide significant data and the process can lack transparency. Are there other resources that we can provide to our clients, so they can make an informed decision about schools?
If an agent is representing a buyer, and something breaks at a property while the agent is showing it, who is responsible for the damage?
Are bidding dates proper in the MLS?