We’ve received many questions regarding NAR’s recently announced decision to preserve the Clear Cooperation Policy (CCP) while introducing a new Multiple Listing Options for Sellers policy.   

According to NAR, the new Multiple Listing Options for Sellers policy, which went into effect on March 25 and must be implemented by September 25, 2025, will exist in conjunction with CCP and other MLS policies to provide sellers and their agents more options and choices when marketing a property, while also supporting fair housing by providing buyers and their agents with equal access to important MLS property information.  

NAR will continue to release additional details and instructions for this new policy, so please keep an eye out for future updates from us on how this impacts our BLC®  rules. We will continue to make adjustments as needed to ensure we are meeting NAR’s policies.  

The good news is that the MIBOR BLC® existing Pre-Market Status meets almost all the criteria of this new policy:  

NAR Policy: A consumer will have the option to market their home as a “delayed marketing exempt listing.” This means a seller can instruct their listing agent to delay the marketing of their listing by other agents outside the listing firm through IDX or syndication for a period of time.  

BLC® Policy: In the BLC® Pre-Market Status, your listing is visible to other Participants and Subscribers and is permitted to be marketed directly.  However, it does not go out in "auto-email/client portal searches". Currently Pre-Market listings are not included in any data feeds from connectBLC, but to comply with the new NAR policy it will be made available in the VOW feed. We will continue to monitor requirements and adjust appropriately. Per NAR’s new policy the only change MIBOR will need to make here is to add listings in the Pre-Market status to the VOW data feed.  

NAR Policy: During the delayed marketing period, the home seller and the listing agent can market the listing in a manner consistent with the seller’s needs and interests. At the same time, the delayed marketing exempt listing will still be available to other MLS Participants through the MLS platform so they can inform their consumers about the property.  

BLC® Policy: This is exactly how our Pre-Market Status already operates. Listings in the Pre-Market status are visible to the entire Broker Listing Cooperative. Although they will not be included in the auto notifications and they are not currently included in any data feeds, there is no prohibition on the listing broker and seller marketing the property. For example, signs are permitted, the listing can appear on the broker’s website, and the broker and the seller can share details on social media.  

NAR Policy: Each MLS will have discretion to determine a delayed marketing period that is most suitable for their local marketplace.  

BLC® Policy: Currently, MIBOR BLC® does not limit the time a listing remains in the Pre-Market Status. There is a required field for the expected date that the listing will become Active, but that date can be updated. Before the implementation deadline of September 25, 2025, the MSC Board of Directors will consider whether a time period should be established for the Pre-Market listing status in our local market.  

NAR Policy: Listing agents representing sellers who choose to delay the public marketing of their listing must secure from their seller a signed disclosure documenting the seller’s informed consent to waive the benefits of immediate public marketing through IDX and syndication. Seller disclosure is required for both delayed marketing exempt listings and office exclusive exempt listings.  

BLC® Policy: MIBOR BLC® currently only requires a seller’s disclosure on Office Exclusive listings. In the coming weeks and well before the September 25, 2025, deadline for implementation, we will introduce an appropriate disclosure form for the Pre-Market Status to comply with the new NAR rule. In the meantime, remember that the Office Exclusive Listing Disclosure Certification must be uploaded with any Office Exclusive listing.  

Other details about our implementation of the Pre-Market Status:  

• Currently a listing in Pre-Market status cannot be shown, per the FAQ from NAR, delayed marketing exempt listings are considered an active listing and therefore showings are subject to the sellers’ instructions and applicable law. Before the implementation deadline, the MSC Board of Directors will review this requirement and establish appropriate guidelines around this change.  
• Currently a listing does not add Days on Market while in the Pre-Market status.  
• As part of the implementation to comply with NAR's new Multiple Listing Options for Sellers policy, we will be adding listings in the Pre-Market status to the VOW data license feed.  

The MIBOR Service Corporation Board of Directors will meet again on April 30, 2025, and consider several items related to the requirements and limitations of our various statuses. If you have feedback, please feel free to provide your input by emailing BLCfeedback@mibor.com, which we will curate for the Directors’ consideration in making decisions.   

NAR has developed downloadable resources including an FAQ to help further explain this policy.