Considering the changes to business caused by the Coronavirus, the multiple listing service (MLS) has decided to implement new status definitions ahead of schedule, effective 4/1/2020.
Ironically known as the "Clear Cooperative Policy," this is now implemented to comply with National Association of REALTORS standards. Home sellers now have the choices of marketing their home under Active, Coming Soon, Withheld, Hold, Withdrawn, or Cancelled statuses. These listings must be available in the local multiple listing service (MLS) within five (5) business days of the seller signing a listing contract with a real estate broker.
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.
With recent events HomeTraq very quickly put into place Live Video Tours so that people can now have the option do have a video call with an agent to tour the home. But which one suits you?
What's happening? We are excited to announce that our newest version is now live and features active listings with MLS access! Please check it out and let us know your thoughts. We are also very proud to be involved in the first ever STL Startup Week which celebrates new innovative companies in the region. Learn more below, hopefully you may be able to join us at one of the local events.