Saturyday is A Business Day

Saturday Will Soon Be a ‘Business Day’ and Other Critical MLS Changes

Critical changes to CRMLS Rules & Policy arrive May 1st

Matrix and i-Tech Members

Based on feedback from the CRMLS community of real estate professionals, filtered through our committees, and approved by our Board of Directors, we’re making a few changes to the CRMLS Rules and Regulations.  Effective May 1, 2021, we will update the CRMLS Rules and Regulations and publish them on the Compliance page of the CRMLS website.

We encourage you to read a two-page summary of the rule changes, located here.  To summarize, here’s a brief overview of some of the most impactful changes:

  • 12.23 Business Days Definition. For all purposes of this ruleset, “Business Days” shall be defined as Mondays through Saturdays, not including holidays
  • Addition of new rule (14.5) regarding MLS staff modifying fields and data points within listings
  • In connection with new rule 14.5, violations of rules 7.8 (Mandatory Delivery of Listing Agreement) and 7.9 (Mandatory Submission Upon Marketing) may result in modifications being made to the DOM count of any listing at issue
  • Modification to rule 7.22 (Expiration, Extension, and Renewal of Listings) to include the following: “The Listing Broker may modify the status of an expired listing within 7 days of the Expiration date. At any time and for any reason, the MLS has the right to request a copy of the seller’s written authorization to extend or renew a listing.” (Please note that this change may not reflect immediately or at the same time in all MLS systems.)

Additional resources are available here:

Please familiarize yourself with the new rules as soon as possible.

Thank you.

*New Consumer Protection rules are coming in 2021. Click here for more information.

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