{"id":7170,"date":"2014-02-14T16:00:37","date_gmt":"2014-02-15T00:00:37","guid":{"rendered":"http:\/\/rmlscentral.com\/?p=7170"},"modified":"2016-05-05T11:18:38","modified_gmt":"2016-05-05T18:18:38","slug":"new-office-exclusive-form-and-policies-coming-march-3rd","status":"publish","type":"post","link":"https:\/\/rmlscentral.com\/v1\/2014\/02\/14\/new-office-exclusive-form-and-policies-coming-march-3rd\/","title":{"rendered":"New Office Exclusive Form and Policies Coming March 3rd (Updated April 25)"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/rmlscentral.com\/v1\/wp-json\/wp\/v2\/posts\/7170?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img src=\"https:\/\/rmlscentral.com\/v1wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/rmlscentral.com\/v1\/wp-json\/wp\/v2\/posts\/7170?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img src=\"https:\/\/rmlscentral.com\/v1wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p><em><strong>UPDATE (April 25): Office Exclusive Changes Finalized<\/strong><\/em><br \/>\n<em>RMLS\u2122 has <a href=\"http:\/\/rmlscentral.com\/2014\/04\/25\/update-office-exclusive-changes-to-begin-may-5th\/\" target=\"_blank\">finalized changes to office exclusive policies, effective May 5, 2014<\/a>.<br \/>\n<\/em><\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<p><em><strong>UPDATE (February 28): Office Exclusive Changes to be Delayed<\/strong><\/em><br \/>\n<em>A significant number of questions were raised when we outlined changes to the office exclusive form, rules, and contracts. RMLS\u2122 will be delaying the release of these changes until we can work through these concerns and clarify details. If you have a comment, please email communications@rmls.com. We anticipate this process will be worked out by the end of March.<\/em><\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<p>There has recently been a lot of national buzz about\u00a0pocket listings. The RMLS\u2122 Board of Directors and Rules Committee received several inquiries over the past year about the practice, and how pocket listings affect our own real estate community. So at the November 2013 meeting of the Board of Directors, the Office Exclusive Task Force was appointed to evaluate the issue of office exclusives and pocket listings.<\/p>\n<p>The Office Exclusive Task Force was comprised of five members of the RMLS\u2122 Board of Directors: Mark Meek (Task Force Chairman), Rick Jenkins (Chairman of the Rules and Regulations Committee), Ed Petrossian, George Perkins, and Steve Lucas.\u00a0 They looked at and discussed our\u00a0current policies and rules\u00a0regarding Office Exclusive listings and various interpretations among subscribers about\u00a0List Date and Date Marketing to Begin.<\/p>\n<p>Their recommendations were presented to the RMLS\u2122 Board of Directors at their February 2014\u00a0meeting. The recommendations were approved and <strong>will take effect March 3, 2014<\/strong>. Three documents are affected:<\/p>\n<ul>\n<li>The <a title=\"Office Exclusive Form\" href=\"http:\/\/www.rmlsweb.com\/v2\/public2\/loadfile.asp?id=7667\" target=\"_blank\">Office Exclusive Addendum (Authorization to Exclude)<\/a>\u00a0form has been totally revamped.\u00a0This form will\u00a0be required when a seller elects to opt out of placing their property in RMLS\u2122 along with a copy of the Listing Agreement. This new form informs the seller(s) of the risks of excluding their property from the multiple listing service (MLS).<\/li>\n<li>The <a title=\"Rules and Regulations Redline\" href=\"http:\/\/www.rmlsweb.com\/v2\/public2\/loadfile.asp?id=7653\" target=\"_blank\">RMLS\u2122 Rules and Regulations<\/a> were modified to define marketing and clarify the difference between the effective date of a listing, when all the necessary signatures have been obtained, and the Date Marketing to Begin which can be a later date. Also, a new\u00a0sanction was added for marketing of a\u00a0 property prior to\u00a0publication in RMLS\u2122.<\/li>\n<li>The Listing\u00a0Contract\u00a0language for <a title=\"Oregon Listing Contract Redline\" href=\"http:\/\/www.rmlsweb.com\/v2\/public2\/loadfile.asp?id=7651\" target=\"_blank\">Oregon<\/a> and <a title=\"Washington Listing Contract Redline\" href=\"http:\/\/www.rmlsweb.com\/v2\/public2\/loadfile.asp?id=7652\" target=\"_blank\">Washington<\/a> was changed to be in harmony with the changes to the RMLS\u2122 Rules and Regulations.<\/li>\n<\/ul>\n<p>The Office Exclusive Addendum will now cover all the benefits of MLS publication so that the seller is fully informed. Some of the concepts include the wide distribution of property information\u00a0to more than\u00a010,500 other real estate brokers who subscribe to RMLS\u2122, bringing together buyers and sellers in an efficient marketplace. RMLS\u2122 subscribers are REALTORS\u00ae who abide by the NAR Code of Ethics.\u00a0Cooperation among brokers from many brokerage firms, by including the listing in the MLS, increases a seller&#8217;s chances of identifying a qualified buyer and obtaining fair market value for the property. It also helps provide a rich database in which subscribers can identify comparable properties for\u00a0CMA reports and valuable statistical information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National buzz led RMLS\u2122 to evaluate the issue of office exclusives and pocket listings.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[18,23],"tags":[425,424],"series":[],"episode_featured_image":false,"episode_player_image":"https:\/\/rmlscentral.com\/v1\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":false,"player_link":false,"audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","icon":"apple-podcasts.png"},"google_play":{"key":"google_play","url":"https:\/\/play.google.com\/music\/m\/Iinki5xppiud4zt7r4evlggzzcy?t=Real_Talk_with_RMLS","label":"Google Play","icon":"google-play.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","icon":"google-podcasts.png"}},"rssFeedUrl":"https:\/\/rmlscentral.com\/v1\/feed\/podcast","embedCode":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/rmlscentral.com\/v1\/2014\/02\/14\/new-office-exclusive-form-and-policies-coming-march-3rd\/\">New Office Exclusive Form and Policies Coming March 3rd (Updated April 25)<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t\/*! 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