Do you use exempt forms? You’ll want to read this…
October 18, 2018
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MRED provides a Listing Exemption form as a way to document properties that are being withheld from the multiple listing service at the specific request of sellers. The only time an exemption form should be used is if you have a listing that you are not publicly marketing.
Exemption forms do not allow for listings outside the MLS to be publicly marketed.
Examples of publicly marketing a listing:
- For sale signs
- Coming soon signs
- Public-facing websites
- Print media
So where can you input listings that your seller doesn’t want in the Standard Listing Network (SLN)? The Private Listing Network (PLN) provides an option that meets all the requirements.
PLN listings can be openly advertised and do not appear in traditional SLN search results. Additionally:
- PLN listings are not sent to third-party portals or distributed through IDX or VOW.
- PLN listings are not included in emails to clients through connectMLS.
Any listing that’s being publicly marketed must be in the SLN or PLN within 24 hours of the marketing going public to avoid a $1,000 fine. This works to ensure that all agents have access to information about any listing a client might happen to come across and inquire about.
You can view the entire listing exemption policy in connectMLS here
Read up on more information about the PLN here
Compare and contrast the PLN, SLN, and exempt listings here
Still have questions? The best bet is always to check with our Rules and Regulations Department. You can reach them by email here or by calling 630-955-2755.