Here’s a complete set of possible questions about the Multiple Listing Service (MLS) Addendum with explanations for each:
- What is the purpose of the MLS Addendum?
It clarifies the terms under which the property will be entered into the MLS and ensures compliance with MLS rules, including public marketing, listing timeframes, and data accuracy.
- When is this addendum required?
It is typically used when the seller and listing broker agree to specific instructions about MLS entry, such as delayed entry, limited public marketing, or opt-out of certain MLS features.
- Does the addendum address Clear Cooperation Policy compliance?
Yes. It ensures the broker and seller are on the same page regarding the NAR Clear Cooperation Policy, which generally requires listing submission to the MLS within one business day of public marketing.
- Can the seller request that the property not be entered into the MLS?
Yes, but the seller must sign an opt-out form acknowledging the potential disadvantages, such as reduced exposure to buyers and agents.
- Does the addendum allow for delayed MLS entry?
Yes. It can specify a future date for MLS entry, which is sometimes used to prepare the property for showings or marketing materials.
- How does the addendum address private/exclusive listings?
It may outline rules for an “office exclusive” listing, allowing the property to be marketed only within the brokerage and not publicly on the MLS.
- What disclosures must be made to the seller regarding non-MLS marketing?
The seller must be informed of the potential reduced exposure, possible impact on offers, and limitations on cooperating broker participation.
- Does the addendum include restrictions on online marketing?
Yes. It can specify whether the listing can appear on public real estate websites, be syndicated to third-party portals, or include certain details like photos or virtual tours.
- Are there requirements for updating listing status in the MLS?
Yes. The addendum may remind the broker of their obligation to promptly update status changes, such as pending, contingent, or sold, per MLS rules.
- What happens if MLS rules are violated?
Violations can lead to fines for the broker, suspension of MLS access, and possible disciplinary action by the local association of REALTORS®. The addendum ensures the seller understands the broker must comply with MLS policies.
- Does the seller have to consent to certain MLS fields being displayed publicly?
Yes. The addendum may obtain seller consent for displaying property features, photos, and videos on the MLS and public portals.
- How does the addendum address confidential remarks?
It can clarify which information is for agent-only access (such as showing instructions or tenant details) versus what will be displayed publicly.
- Can the seller control whether the property is shown in automated valuation models (AVMs)?
Yes. Some MLS systems allow the seller to opt out of having the property data appear in AVMs or automated price estimates online, and the addendum can document that choice.
- Does the addendum address showing restrictions?
It can note any limitations on showing days, times, or methods, and how those will be communicated in the MLS listing.
- Is there a provision for broker-to-broker compensation?
Yes. The MLS requires disclosure of the compensation offered to cooperating brokers, and the addendum may confirm the agreed terms.
Disclaimer:
The questions and answers provided are for general guidance only and may not cover all details or apply to every situation. If anything is unclear or you need further clarification, please visit car.org for official resources and the most up-to-date information from the California Association of REALTORS®.
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