As your partner, we value your input because it ultimately enhances the overall experience for everyone who uses the MLS. When we heard from you earlier this year about how the Clear Cooperation Policy (CCP) wasn’t working for rental listings, we knew we had to take action. In response to your feedback, the REcolorado Rules and Regulations Committee put forward a motion to exclude rentals from triggering CCP violations.
What does this mean for you? Going forward, a Clear Cooperation Policy violation will no longer be triggered if you advertise a rental property without putting it in the MLS within one (1) business day. Rental properties will now follow the same guidelines as New Home Plans, New Home Communities, Business Opportunities, and Specialty property types, which also do not trigger a Clear Cooperation Policy violation for advertising without having a listing entered in the MLS.
Pro Tip: As an REcolorado subscriber, you must follow the mandatory submission rule, Section 1.0 of REcolorado MLS Rules & Regulations, which states that all listings must be submitted to the MLS within three (3) business days after all necessary signatures have been obtained in your agreement.
While rentals are now excluded from CCP, it’s still just as important as ever that you add your rental listings to the MLS. When you say “yes” to the MLS by following the rules and inputting all your listings, you’ll get more visibility, stronger offers, and better ways to serve your clients and the industry!
Want to brush up on current MLS rules and regulations? Visit our page on REcolorado.com.
If you have any questions about this change or how it applies to your listings, please feel free to contact the REcolorado Customer Success team at 303.850.9576, option 1, or support@REcolorado.com.