For months, Columbus REALTORS has promoted August 17 as the implementation date for the changes required in the proposed NAR Settlement. August 17 remains the absolute final implementation date required in the settlement's terms, however…
To ensure compliance within the Columbus & Central Ohio Regional MLS, Columbus REALTORS® is moving our implementation date to Friday, August 16.
What you need to know…
Our technical staff deemed this change necessary after consultation with our vendor, FBS (FlexMLS). The compensation fields for all new listings in the MLS will be removed at 8:30 a.m. on Friday, August 16. At that time, the process of removing compensation fields from all active listings within the MLS will begin. This process will take multiple hours, meaning you may still see some listings with compensation listed while others may have that field removed through the morning. It is anticipated that by the afternoon of Friday, August 16, all compensation will be removed from active and new listings within the Columbus & Central Ohio Regional MLS, thus making us compliant for the August 17 deadline.
If you have any questions, please contact Columbus REALTORS at[email protected]or 614-475-4000. We thank you for your understanding and cooperation as we prepare our membership for these industry changes.
