Beginning September 4, 2024 when a user schedules a buyer tour through OneKey MLS using ShowingTime for the MLS, they will be required to to confirm they have read the reminder prior to proceeding. This new reminder is being implemented to help buyer's agents adapt to the NAR Settlement policies that mandate a written agreement between a buyer and buyer's agent prior to touring any properties. Learn more about the NAR Settlement.
How does it work?
- When you are scheduling a tour in ShowingTime, a message will pop up to remind you about the requirement to have a written buyer agreement in place before any showings. You will be asked to confirm you have read this reminder in order to receive showing instructions.
- If you decline to confirm you have read this reminder and wish to talk to a member of our MLS staff, you will exit the scheduling process and will need to begin again when you are ready to do so. Agents will not receive showing instructions until they confirm they have read the reminder.
Do I still need a buyer agreement?
Yes, you still need a written buyer agreement. This reminder in ShowingTime is not a buyer agreement, nor does it dictate the type or terms of the agreement between an agent and their client. It is your responsibility to secure a signed buyer agreement prior to any tours to ensure you are compliant with new requirements.
Is ShowingTime asking me to upload my buyer agreements?
No. You must simply confirm you have read the reminder in order to receive showing instructions – you are not required to confirm you have a buyer agreement, or share or upload that agreement to ShowingTime in any way.
Why is OneKey MLS doing this?
We're committed to helping our customers reinforce their new business practices following the NAR settlement.