MLSs can now require sale-price reporting and REO disclosure

At the NAR annual meeting, the directors have changed the model MLS rules — now an MLS can require participants to report sale prices. In “non-disclosure states,” if an MLS provides those sale prices to other organizations (including government agencies), sellers can ask that their sale price not be disclosed.

MLSs also can require participants to disclose whether a property is a foreclosure, bank-owned, or real estate-owned (REO).

As soon as we have links to more details, we’ll post them.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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