Implementation contains the following:
As part of the implementation plan, MLSSAZ will continue to educate the membership about the policy. Local enforcement of the Clear Cooperation Policy will begin May 1, 2020 with an educational focused period for compliance enforcement.
Coming Soon/Exempt/Delay Authorization Form
MLSSAZ will introduce the option of a Coming Soon listing status. The Coming Soon/Exempt/Delayed Authorization Form will serve to assist in educating the seller between the marketing choices of Coming Soon, Delayed, and Exempt listings. This form will replace the Exempt/Delated Input listing Form.
Standard Listing Agreement
The Signs/Marketing section of the MLSSAZ Standard Listing Agreement has been revised to include a seller acknowledgement recognizing the public marketing listing submission requirements.
In addition to the existing Exempt and Delayed listing options, MLSSAZ has introduced the new status of Coming Soon. For listings subject to the requirements of the Clear Cooperation Policy the status of Coming Soon supports premarketing for properties that are not ready to be listed as Active in the MLS.
Coming Soon is an efficient way for MLSSAZ members to comply with the Clear Cooperation policy. It provides a place within the MLS to inform and promote awareness of the listing — during which time the listing brokerage and seller can work together to formulate marketing strategies, have work completed on the home, and allow for professional photography to be completed, etc.
Definition: A Coming Soon listing is taken by a participant with a valid listing agreement authorized by the seller to withhold the listing from public display within the MLS. Coming Soon listings are disseminated to other MLS Participants.
Time Limit in Status: Properties can be listed as Coming Soon for up to 21 days. Seller may authorize early entry in the MLS prior to the specified go live date.
Days on Market Accrual: Days on Market (DOM) start when the listing transitions to Active status.
Showings: Permitted at the discretion of broker and client.
Distribution of Listing: Search functionality available for MLS Participants. Will not be distributed through IDX or syndication feed from the MLS.
Required Fields: All listings in the MLS regardless of status will require full listing input, with special attention paid to the Showing Instructions.