"NAR respects the rights of individual brokers to make their own business decisions and does not comment on specific brokerage practices or business models. NAR does not have a national policy regarding coming soon statuses. Listing statuses are matters of local discretion, with each MLS determining the appropriate statuses for its marketplace."
"NAR said its statement goes along with its long-standing position that sharing properties on the MLS provides transparency in the marketplace. NAR values the pro-competitive and pro-consumer benefits of MLS, including broad market exposure, access to available properties for sale in a marketplace, and equal access to the public."
"Roughly one year ago, NAR introduced its Multiple Listing Options for Sellers guidelines with a stated aim of giving MLSs the ability to determine delayed marketing periods. During this time period, the seller and the listing agent will be able to market the listing in a manner consistent with the seller's needs and interests."
The National Association of Realtors does not establish national policies on listing statuses like coming soon designations, leaving these decisions to individual MLSs based on local market needs. Brokers and agents participating in an MLS must comply with that MLS's specific policies and rules designed to benefit consumers and the marketplace. NAR maintains its long-standing position that MLS participation provides essential transparency, broad market exposure, and equal public access to available properties. Approximately one year ago, NAR introduced Multiple Listing Options for Sellers guidelines enabling MLSs to establish delayed marketing periods. During such periods, sellers and listing agents can market properties according to seller preferences while maintaining visibility to other MLS participants. Listing agents must obtain signed seller disclosures documenting informed consent when delaying public marketing.
Read at www.housingwire.com
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