Month: August 2020

The Clear Cooperation Policy Section 7.5.1 went into effect May 1, 2020.  Bay East has used the last 3 months to educate our membership on this new rule.  Effective October 1, Section 7.5.1 will be added to the list of citations, Appendix A of the MLS Rules and Regulations (click here for a complete set of the rules):

7.5.1 Clear Cooperation

1st  Violation: Courtesy Notice
2nd Violation: $500
3rd  Violation: $1,000 + MLS Class
4th  Violation: $1,500 + MLS Class
5th  Violation: Refer to Professional Standards

Further Questions please contact the Compliance Dept. at 925.730.4060 or bayeastcompliancedept@bayeast.org

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Important MLS Update:  DMLS/CDMLS will be replaced with DOM/CDOM

 

Effective Tuesday, August 11, we will be replacing Days on MLS (DMLS) and Cumulative Days on MLS (CDMLS) with Days on Market (DOM) and Cumulative Days on Market (CDOM).

The reason for replacing DMLS/CDMLS with DOM/CDOM is to ensure reports reflect zero when a COMING SOON status listing is updated to NEW.  DMLS is calculated based on the “Input Date”  (the date you enter the listing into the MLS) and DOM is calculated based on the “List Date” field in the MLS.

Currently, when a COMING SOON status listing is updated to NEW, the list date does not change.  As a result, the following issues occur:

 

1. There is a discrepancy for DOM on most 3rd party sites/products for listings entered with a COMING SOON status because they use the list date field to calculate DOM.  For example a listing under the COMING SOON status for 20 days updated to NEW, will display DOM of 20 days on most 3rd party sites/products.

2. COMING SOON listings updated to NEW do not show under the Market Monitor.

3. Agents compare the list date to DMLS and call to report that the count does not match.

 

Effective August 11, when a COMING SOON status listing is updated to NEW, the list date will update as well.  This change will resolve the issues noted above.

Please note:  You will still see the DMLS/CDMLS numbers under the “History” tab.

The Virtual Town Hall meeting on August 6, 2020 topic was to learn about the latest rules from Alameda County and Cal/OSHA impact how you do business. Hear from both an official from the Alameda County Health Department and a legal expert who will provide insight as to how the current rules were developed and what may be coming next. If you missed the meeting you can review the presentations here: