NAR Lawsuit Changes
What adjustments will HomeCoin make regarding the MLS commission advertisement changes put in place by the NAR lawsuit which broadly go into affect on August 17th?
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Official comment
The MLS is automatically removing any commission related fields, so no action is needed by homecoin or our customers to remove that. We are reviewing all listings to see if there is any reference to commissions outside of the commission field.
We recommend customers review their listings to ensure they are not referencing commissions in any Private Remarks to Agents or similar fields. Please see our help article here for more information - this help article also appears on the MLS listing product page, so you will see it when working on your MLS listing or submitting changes to your MLS listing.
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How about vetting? I would think it reasonable to request "proof of funds," and/or "pre-approval letter." Is this allowed? Or is this too much of a wallet biopsy?
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