Disclose Right of First to Brokers, Not Marketing Venues

In case you missed it, we reported in June that here was a policy change to the way you can report your Right of First Refusals on a property (home sale contingency or otherwise).  The MLS Board acknowledged that the syndication sites immediately marked those listings as PENDING, without any care for the status difference.  It would virtually halt all traffic on the property, even if it was a “long shot” right of refusal.  Therefore, earlier this year the Board changed the policy to:

If there is a Right of First Refusal on a property, you MUST indicate that in the Realtor-to-Realtor Remarks in FlexMLS, but you NO LONGER have to mark it with a contingency flag.