DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Breaking: NAR Puts a Hard Stop to Hip Pockets With New Rule
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > National Association Of Realtors > Breaking: NAR Puts a Hard Stop to Hip Pockets With New Rule
National Association Of Realtors

Breaking: NAR Puts a Hard Stop to Hip Pockets With New Rule

2 Min Read
SHARE
3801-Normandy-ext-2
Troy Aikman’s home on Normandy in Highland Park went up in price within the first week on MLS, showing strong demand in the luxury market. However, many celebrity and luxury properties are marketed off MLS before hitting the public. (Photo: Shoot2Sell)

The National Association of Realtors’ Board of Directors has adopted the Clear Cooperation policy at its Nov. 11 meeting, which essentially puts an end to hip pocket marketing. Also known as MLS Statement 8.0, the policy requires listing brokers who participate in multiple listing services to submit their listings to the MLS within one business day of marketing a property to the public.

The rule was proposed by NAR’s MLS Technology and Emerging Issues Advisory Board to address the proliferation of off-market (hip pocket) listings. The board believes that circumventing the MLS “excludes consumers, undermining Realtors’ commitment to provide equal opportunity to all.” 

Brokers can still use “office-exclusive” listings and use other means to protect the privacy of their clients, but public-facing marketing campaigns for properties not on MLS will be verboten. Brokerages can adopt the new rule at any time, but it becomes mandatory for all Realtors on May 1, 2020.

Here is the full text of the new policy:

Within one (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 available to the general public. 

Dallas Growth: Regional Population Soars While Apartment Market Takes a Hit
Head-Turning Tudor In Hollywood Heights For $525K
No Temporary Injunction to Stop the Sam’s Club at Cityplace
Ryan Place Announces Candlelight Tour Homes
Inwood Mortgage House of the Week: Highland Park Honey Has Best Guest House in Dallas County
TAGGED:Breaking NewsDallas real estate newsHip PocketOff-MLS
Share This Article
Facebook Email Copy Link Print
Previous Article A Country French Home That Feels Like A Vacation
Next Article Mandarin Oriental is, Once Again, Coming to Dallas, This Time to Turtle Creek
Popular News
Sponsored Content

Candy Evans for Dallas! I’m Running for Dallas City Council in District 11, North Dallas

Robert Bruno’s Steel House Could Be Your Next Weekend Getaway
Dallas Designer May Poon Wins Prestigious Award for Mikko Light Sculpture
Earth to Dallas: If You Want the City Core To Grow, Treat the Small Business Landlords Better
DalTile’s Laura Grilli Gives Us A Cool Peek At Hot Tiles
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?