Restb.ai enhances MLS Tools with compliance solution to adhere to NAR commission settlement

"The AI-powered tool enables MLSs to automatically identify potential risks tied to buyer agent compensation language in submitted documents. The solution automatically scans submitted PDFs for typed or handwritten references to commission or compensation and then categorizes those references into high, medium or low risk levels. Oregon's Regional MLS (RMLS) is one of the first to adopt the tool, making it available to its roughly 14,000 subscribers."

"Duncan Brownlee, Restb.ai's vice president of product, said the firm decided to create the solution after MLSs asked them for a way to save time. Many were having staff manually check all filed documents for compliance issues. With our new document compliance solution, MLSs can meet their legal responsibilities at a fraction of the cost, with our AI completing reviews in real time as part of an agent's regular workflow, Brownlee said in a statement."

"When the document compliance tool finds a problem, the company says it shows users the exact keyword that is an issue, as well as a portion of the surrounding text. Restb.ai said the new tool can be used in conjunction with its photo compliance solution, which was launched in 2019. The photo compliance solution scans photos for inclusions of any cooperative compensation or commission information."

An AI-powered document compliance tool scans submitted MLS PDFs for typed or handwritten references to commission or compensation and categorizes those references into high, medium, or low risk levels. The tool highlights the exact problematic keyword and shows surrounding text to aid reviewers. Oregon's Regional MLS (RMLS) has made the solution available to about 14,000 subscribers. Restb.ai created the tool after MLSs requested time-saving measures to avoid manual checks. The AI completes reviews in real time as part of an agent's workflow, can integrate with a 2019 photo compliance solution, and will gain additional features to improve risk management efficiency.

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