"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"
"The bill shares many similarities with the 2025 bill; however, it does not include rental properties and it also softens the language related to how sellers may opt-out. In addition, the bill is similar to one introduced in early January in Washington State, which prevents brokers from marketing the sale or lease of a residential property to a limited or exclusive group of prospective buyers or brokers, without simultaneously marketing the property to the general public and all other brokers."
The bill would codify the National Association of Realtors' Clear Cooperation Policy (CCP) and Multiple Listing Options for Sellers (MLOS), requiring listings be entered into the MLS within 24 hours of public marketing. The bill further requires listings be displayed online within one calendar day of the listing agreement being signed, tightening timing relative to the CCP. The bill excludes rental properties and softens opt-out language for sellers compared with a similar 2025 measure. The bill mirrors a Washington State proposal by requiring simultaneous public marketing when brokers market to limited groups and has advanced to the State Senate.
Read at www.housingwire.com
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