MIBOR BLC® Clear Cooperation
MIBOR BLC® clear cooperation policy
In November 2019, the National Association of REALTORS created a new policy called the Clear Cooperation Policy. MIBOR began an education campaign and launched the policy in April 2020.
The intent of the Clear Cooperation Policy is to solidify the primary purpose of a listing service, which is to foster cooperation among brokers. The policy is to promote fair housing by ensuring consumers have equal access to all available properties for a transparent process.
The policy states,
Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.
At MIBOR, we EMPOWER our MEMBERS and STRENGTHEN the MARKETPLACE. To do that we embrace anything that reinforces the consumer benefits of cooperation and ensures the MIBOR Broker Listing Cooperative is an efficient and transparent marketplace that is pro-competitive and pro-consumer.
Please watch the video below delivered by MIBOR CEO, Shelley Specchio, for further clarification of the policy.
If the public knows about the listing, the professionals within the cooperative should know about that listing. The new policy specifically defines public marketing. Remember, this includes any marketing done by the seller or agent. For example, if an office exclusive property is shared on social media (Facebook, Instagram, etc.) by the seller or agent, the listing must be submitted as active within one business day of that marketing.
Public marketing includes, but is not limited to:
New Office Exclusive Disclosure Certification Form
MIBOR BLC Listing Status Quick Guide
Click the image below for a printable version.