fromwww.housingwire.com
1 week agoIllinois bill targets private real estate listings with new disclosure rules
In essence, the bill would codify the National Association of Realtors' (NAR) Clear Cooperation Policy (CCP) and Multiple Listing Options for Sellers (MLOS) Policy, which require a listing to be input into the MLS within 24 hours of public marketing, a policy sellers may only circumvent by signing a disclosure form. The bill is a bit more stringent as it requires the listing be displayed online within one calendar day of the listing agreement being signed
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