Ep. 130 - Offers of Compensation Can Be Advertised Anywhere EXCEPT the MLS

According to the new rules that went into effect August 17, 2024 you may not display any form of compensation in the Multiple Listing Service. This includes a Bonus.  

 

You may however advertise it ANYWHERE ELSE. Sky writing. A billboard. A tattoo that says Bonus!

 

It’s an easy rule. Just ask yourself: is this the MLS? If it’s Facebook, or a television ad, the answer is clearly No. 

 

Similarly, according to the new rules a real estate agent may not show a house to a customer without a written agreement that specifies how much the real estate agent will be paid.  Can a listing agent show a potential buyer his or her listing?  Sure.  Because that Buyer is not a customer.  If that Buyer becomes a customer, they need a written agreement.  It’s an easy rule. Just ask yourself: Am I representing this person as their real estate agent?  

 

Join Preston Smith and Matthew Maschler as we explore these new rules on todays episode of the Real Estate Finder Podcast.

 

 

Want to know more?  Send us an email or ask to join us on The Real Estate Finder Podcast!

www.RealEstateFinder.com 

 

Check out our other Podcasts: RealEstateFinder.com/podcasts

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