SPECIAL NOTE FOR MEMBERS OF NAR AND CREA.

Regarding 
SIGNED EXCLUSIVE LISTINGS FOR SALE FOR RESIDENTIAL HOMES ONLY

ICIWorld recommendation: All REALTORS who are members of NAR or CREA should adhere to their policies. 

Within three days


Global Real Estate Networking

Industrial, Commercial and Investment Residential Haves and Wants

All of the following applies only to a signed, exclusive residential listing for sale that you want to advertise publicly for residential homes must now go on MLS. It is against the 


You can totally ignore everything on this page for every other kind of real estate.

The CREA, NAR, MLS Rule does not apply to any other kind of real estate other than residential signed exclusive listings that you want to advertise publicly.

There are some exemptions for residential, ie, income property, pre-construction, assignments, etc., that you can market publicly.


Signed exclusive residential listings that you want to advertise publicly must be put on the MLS within three days. Check the days and the specific rule with your association. 


Check with your manager, broker, real estate board or association who are applying the new MLS exclusive residential rule for CREA and NAR in your state, province or association 

You can still market and advertise any MLS residential and commercial listings on ICIWorld. 

You can and should place all your Wants for everytihng including residential, on ICIWorld.

On ICIWorld, you can network residential information confidentially if you do not have a signed listing.

However, once the listing is signed, you must put it on MLS. 

Provided by The ICIWorld Association of Real Estate Brokers and Salespeople

 
REALTOR QUEST SPECIAL EXTENDED BY POPULAR DEMAND

For New Members AND former Members who have not been active for more than one year.

For commercial and residential real estate brokers and salespeople worldwide.

informatontechnologypeople
MLS® Rules & Regulations Section
Amendment
Definitions
Add:
Public Marketing means the representation or marketing of a listing to the public or anyone not directly affiliated with the listing brokerage/office in a business capacity. For clarity, Public Marketing does not include one-to-one direct communication with a REALTOR® unaffiliated with the listing brokerage/office. Public Marketing includes any representation regarding the sale of a property, including but not limited to flyers, yard signs, digital marketing on public-facing websites, brokerage website displays (including IDX and VOW) and onsite brokerage promotion, digital communications marketing (i.e., email blasts, newsletters, social media posts), multi-brokerage listing sharing networks, and applications available to the general public.
Section 10 – Advertising
10.05 Within three (3) days of any Public Marketing of a property, members are required to list that property on an MLS® System, unless it falls under one of the following exempt categories as per CREA’s Cooperation Policy:
a.      Commercial property listings (i.e., business properties, agricultural properties);
b.      New construction listings in developments with multiple properties or units (i.e., residential development projects, condo development projects); and
c.      Rental property listings.

NOTEL ICIWorld has about 40,000 listings, Haves and Wants, 75% Exclusive. We had about 150 exclusive residential properties at one time.  Associations who voted for the rule did not realize that ICIWorld was sharing the exclusive offerings. Something they misrepresented when presenting to Presidents of real estate boards. Although we sent in information that exslusives were shared it got ignored by the people we asked to present it. All members are instructed however to follow the rules and code of conduct of your respective real estate associations. We too follow the rules of CREA and NAR. You can advertise a residential MLS listing on ICIWorld. We do reach people in 185 countries, usually high net worth people dealing in ICI Real Estate. They live in homes so you are reaching them in a different way than traditional MLS which is still the best but not the only way to market property.

Although we disagree with the rule, we are good soldiers and recommend that everyone who is a member of NAR or CREA follow the residential MLS rule regarding advertising publicly an Exclusive Signed Residential Real Estate Listing Advertised Publicly.

If you are to advertise a residential home publicly, you must list it on the MLS within 3 days. (Check with your association in your province or state)

Member brokers in Ontario should also follow the rules of the Real Estate Council of Ontario that if you network information on ICIWorld without a signed listing, you must not identify the property. Once you have the owner’s written consent, and if it is residential, you must list it on the MLS within 3 days. 

We have recommended this since Day 1 of ICIWorld.com in 1994, even before RECO began. The reason is that people can also go behind your back if you do not have a signed listing.  So we supervise and provide guidance to our members on this as best we can. 

Also on ICIWorld, everyone must make their own arrangements for compensation on each and every listing, Have or Want. 

Many associations and MLSs in the USA are in trouble, but many have settled millions in lawsuits over the publishing of commission arrangements on MLS listings. We have never had any issues in 29 years, unlike MLS. Remember, I, too, am a REALTOR and want to make these services work for brokers and salespeople so they can serve the public with more choice.  And I also respect and appreciate REALTORS for protecting the public from all the shenanigans, fraud, and deceit on the Internet, because brokers and salespeople are trained in consumer protection.

If you belong to MLS in the USA, there have been major court cases against NAR, and the Re/Max’s of the world, regarding MLS listings and commissions published on the listings.  They have had to settle the cases for millions of dollars. We would have sided with NAR and Re/Max, but would have lost, too. We think it was working fine, that commissions were negotiable. But workarounds are in order at this time.

However, since we never have nor ever will publish commission arrangements, and so those lawsuits brought against MLS, etc., have not been a problem for us. The ICIWorld Association of Real Estate Brokers and Salespeople with the Global Real Estate Information Listing Service powered by ICIWorld since 1994. See WREILS.com shortform for World Real Estate Information Listing Service. 

We allow the networking of information for residential since you cannot force unsigned information onto MLS. 

HOWEVER, once a residential listing is signed, we can help enforce the MLS rule that it must go on MLS within 3 days if it is to be advertised publicly, which is the key. If networked within your own office, I understand it is okay. Even though we disagree with the overall rule and hope to have it reconsidered someday, like a good soldier, we follow the guidelines in our recommendations to agents. 

We feel they missed the boat by not consulting us when they passed the rule in Washington and in Ottawa in 2023. We tried to show them that publicly sharing networking information before a signed listing, as we do on ICIWorld, undermines the argument that brokers do not share exclusive listings.

The bottom line is: if you network information on ICIWorld, you must not include an address to follow RECO’s guidelines. When you do get a signed listing to be advertised publicly, it must be placed on the MLS within three days. 

And we also do not suggest commissions, so that every listing, Have or Want on ICIWorld, you make your arrangements for compensation. 

ICIWorld has about 40,000 messages and contacts to do business. Active residential messages total about 300.