MLS - Part 1 of a Series on new MLS Statement 8.0 on "Pocket Listings"​

Written by Posted On Thursday, 21 November 2019 05:00

"Text without context is pretext."

Knowledge is Power - There will be a test :-)

A new MLS Statement 8.0, passed by the NAR BOD on Monday November 11, 92% in favor, 8% opposed.

What does this mean to you?


MLS Statement 8.0

Within (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 to the general public.


Understanding the Structure of MLS

MLSs are owned by one or more local associations as separate corporate entities or as a committee of the association, or by brokers, or by a combination of brokers and associations. There are over 600 MLSs in the US, all locally owned and controlled.

The concept of MLS as we know it was not created overnight. It has taken 100 years, with input and thought from many practitioners, lawyers, plaintiffs and judges. Local MLS committes made up of local practitioners meet regularly to discuss issues, practices, and policies. NAR MLS policies are developed by local association/MLS committees addressing issues in their local marketplaces. (You can participate, join your local MLS Committee).

NAR produces and maintains the "NAR Handbook on Multiple Listing Policy" (

No MLS is required to follow any of the NAR MLS policies. Please understand you can make up your own local MLS rules, and, most of your rules are based on your local circumstances. However, those MLSs that do NOT follow NAR policies, are NOT covered by NAR's MLS Errors and Omission insurance policy.

MLS is the most valued tool of most residential real estate professionals. By joining an MLS, particiants agree to cooperate with other participants except when such cooperation is not in their client's interest.

MLS works in part because participants trust that all brokers and agents will follow the rules, especially around timely submission of listings and of listing status changes. If there is no requirement for timely submission, the MLS would end up being a listing dumping ground of properties that cannot be sold "in house" or without the assistance of a cooperating broker. Instead of the timely and accurate inventory tool that practitioners.

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Saul Klein

In 1948, doctors told my father that his life aboard submarines on war patrol in the South Pacific and the depth charging he experienced had rendered him sterile. Although controversial and not widely applied, he was treated with an Ayurvedic therapy called “shivambu.” If you are unfamiliar with this term, I recommend you Google it because against all odds, I came to exist.

That was a loony segue into my life but is a fitting precursor to a career that would be just as incredible.

Like my father, I joined the Navy. However, due to a medical inconvenience, I was honorably discharged after 6 years of commissioned service, all on Sea Duty. This was an opportune misfortune that led me down the path to a successful career in real estate. Both my father and grandfather flirted in real estate brokering and flipping part-time, and I followed suit but making a lifelong career out of it.

With over 40 years in real estate, it is impossible to talk about my experiences in this small window. But I can proudly say that I am well-recognized as an industry pioneer, especially in real estate syndication and education, and one of the few luminaries that paved the way for real estate’s transition to the online world.

Some highlights of my life’s work:
● Co-created ePRO, technology certification course that certified 70,000 students
● Created the first online communities for real estate professionals to network, learn, and sell
● Created "Opt Out" Listing Syndication, aggregating over 1.4 Million Listings in 18 months
● Built the #2 National Listing Syndication Service, Point2 Technologies, sold to Yardi in 2010
● Founder of the California Association of Buyer’s Agents
● Member of the first Team, pre-IPO, responsible for obtaining first 500,000 listings
● Helped Zillow and Trulia build up their MLS data inventory

Today I continue to lead efforts that bring new technologies to the real estate industry. Feel free to reach out and learn more.

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