T
he National Association of Realtors' (NAR) MLS Technology and Emerging Issues Advisory Board is set to make a decision on the contentious Clear Cooperation Policy (CCP) tomorrow. The policy, which requires brokers to enter listing information into the Multiple Listing Service (MLS) within one business day of publicly listing a property, has been at the center of intense debate.
The board's previous meeting considered various perspectives from buyers, sellers, and real estate professionals, as well as fair housing principles, in an effort to determine how best to meet evolving stakeholder needs. The outcome could be that the CCP remains unchanged, is abolished entirely, or undergoes significant revisions.
There are multiple paths to a conclusion, including one through the NAR Leadership Team and another through the organization's nearly 1,000-member board of directors. Those in favor of the policy argue it benefits the broader marketplace for homes, while opponents claim it constrains free enterprise and creates legal risks.
The decision-making process may unfold over several meetings, potentially involving the Executive Committee, which could approve changes or allow the board of directors to determine the policy's fate. Alternatively, under certain circumstances, NAR President Kevin Sears and the Leadership Team might make a decision.
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