We have updated our MLS rules to reflect policy changes adopted by the National Association of REALTORS®. This four-minute video covers what you need to know!
Prefer reading to watching? Check out this rules update on our help site!
Summary of Changes
These latest rule revisions were required to comply with changes to NAR MLS Policy Statement 7.42 (Jurisdiction of Association Multiple Listing Services) and MLS Policy Statement 7.43 (Waivers of MLS Fees, Dues and Changes).
Previously, an MLS could require an agent under a subscribing broker to also subscribe to the MLS, regardless of whether the agent needed to use that specific MLS. This was a problem for agents who were under brokers who were members of more than one MLS, as they would have to subscribe to all of the MLSs to which his or her broker subscribed.
With these latest policy changes, an agent under a broker who is a member of multiple MLSs has the option to sign up with only one of those MLSs and not have to sign up with all of them.
To support this change, MLSs are required to provide no-cost waivers to agents if the agents can demonstrate that they have a subscription to another MLS. Our rules now include a new section (13.05) that explains the eligibility for such waivers, the processes involved in obtaining waivers, and the conditions that apply to agents while they are on waiver.
What Changes at HIS?
We have revised our waiver application form to accommodate agents who are members of another MLS, as well agents who work in a specialized field of real estate that does not involve the sale or appraisal of real estate such as property managers. This updated Waiver Application form is available in our “Subscriber Forms” library, linked from the login page of REsearch.
Waiver applications are subject to review and approval by the HIS Board of Directors. All waivers are good for one year and must be renewed by June 30 each year for the following fiscal year.
Should you have any questions about the revisions to the rules, please contact Membership Director, Diana Haraguchi, by email to Diana@hiinfo.com or by calling 1-800-621-3121, ext. 172.
Mahalo for your continued business!