In alignment with the NAR Settlement's mandate to eliminate and prohibit MLS participants, subscribers and sellers from making any offers of compensation in the MLS to buyer brokers or other buyer representatives and the requirement that MLSs eliminate all broker compensation fields and compensation information in the MLS and MLS-Touch. Mention of compensation on MLS forms and specifically from the below fields will be removed on or about August 8, 2024:
In Stratus, MLS-Touch, and Collab:
RES/CON/LAN
Seller Agency Comp (sbc)
Buyer Agency Comp (bbc)
Broker Agency Comp (br_ag_comp)
REN
Landlord Agency Comp (landlord_agency_comp)
Tenant Agency Comp (tenant_agency_comp)
Broker Agency Comp (br_ag_comp)
COM/Sale
Type of Comp to Coop Broker Sale (type_comp_coop_broker_sale)
Compensation Offered on Sale (comp_on_sale)
Type of Comp to Coop Broker Business (type_comp_coop_broker_business)
Compensation Offered on Business (comp_on_business)
COM/Lease
Type of Comp to Coop Broker Lease Term (type_comp_coop_broker_lease)
Compensation Offered on Lease (comp_offered_lse)
Is Compensation on Renewals (is_comp_renewals)
Compensation on Lease Renewal (comp_on_renewal)
Coop Broker Term Comp (coop_lse_term_comp)
Sold Status Change
Forced at Closing to accept lower or no commission (comm_lower)
Commission Amount Lost (comm_lost)
Additionally references to Compensation from all ACTIVE customer facing forms be removed.
In addition:
History: Suppress Compensation Fields – ALL Classes – All Status
Suppress all compensation field changes from ‘History’ on ALL Classes – ALL Statuses
Compensation fields to find and suppress:
RES/CON/LAN
Seller Agency Comp (sbc)
Buyer Agency Comp (bbc)
Broker Agency Comp (br_ag_comp)
REN
Landlord Agency Comp (landlord_agency_comp)
Tenant Agency Comp (tenant_agency_comp)
Broker Agency Comp (br_ag_comp)
COM/Sale
Type of Comp to Coop Broker Sale (type_comp_coop_broker_sale)
Compensation Offered on Sale (comp_on_sale)
Type of Comp to Coop Broker Business (type_comp_coop_broker_business)
Compensation Offered on Business (comp_on_business)
COM/Lease
Type of Comp to Coop Broker Lease Term (type_comp_coop_broker_lease)
Compensation Offered on Lease (comp_offered_lse)
Is Compensation on Renewals (is_comp_renewals)
Compensation on Lease Renewal (comp_on_renewal)
Coop Broker Term Comp (coop_lse_term_comp)
Modifications/Exclusions - suppress if value is = any of the following:
- M1 Buyer Exclusions
- M3 IAW
- M4 Commission Modification
- M7 Insufficiency of Funds
- M7A Litigation Policy
- M7B Litigation Policy
Remove Values from Modifications/Exclusions Multi-Select Field - ALL Property Classes | ALL Statuses
Remove the Values as outlined below from the Modifications/Exclusions Multi-Select field:
- M1 Buyer Exclusions
- M3 IAW
- M4 Commission Modification
- M7 Insufficiency of Funds
- M7A Litigation Policy
- M7B Litigation Policy
Suppress these values from ALL Property Classes – ALL Statuses
Change the Label Name for M8 Short Sale Notification to "Short Sale"
COLLAB APP: Remove All Compensation Fields - All Property Classes
Remove all Compensation fields from Collab App, Collab Desktop and Collab Reports.
SF | MF | LAN | Condo/HOA | Co-op Detail page
Broker Information Section
- Seller Agency Comp
- Buyer Agency Comp
- Broker Agency Comp
COM (sale) Detail page
Broker Information Section
- Type of Comp to Coop Broker for Sale
- Comp offered on Sale
- Type of Comp to Coop Broker for Business
- Comp offered on Business
REN Detail page
Broker Information Section
- Landlord Agency Compensation
- Tenant Agency Compensation
COM (lease) Detail page
Broker information Section
- Type of Comp to Coop Brkr For Lease Term
- Comp Offered on Lease
- Comp on Lease Renewal
- Coop Broker Lease Term Comp
In Matrix, MLS-Touch, and OneHome:
Remove from all Property Types:
- Seller/Sub Agent Comp
- Buyer Agent Comp
- Broker Agent Comp
Remove Modifications /Exclusions lookups:
- M1 Buyer Exclusions
- M3 IAW Compensation If and When
- M4 Commission Modification
- M7 Insufficiency of Funds
- M7A Litigation Policy
- M7B Litigation Policy
- M9
Matrix Doc Links to be removed:
- Addendum for Non-OneKey MLS Listing Agreements
- OneKey MLS Compliance Checklist
- Listing Agreement Exclusive Right to Rent
- Listing Agreement Exclusive Right to Sell
Remove "Commission" from all forms.
Showing and Compensation Info Section: Title change to Showing and Concession Information
Rename Modification/Exclusion: M8 Short Sale