Section 6.2 No Compensation Offers in the MLS
A. CVR MLS does not accept or allow listings in the MLS containing an offer of compensation to other MLS Participants and Subscribers. Further, CVR MLS will not create, facilitate, or support any non-MLS mechanism (including by providing listing information to an internet aggregator’s website for such purpose) for Participants, Subscribers, or sellers to make offers of compensation to buyer brokers or other buyer representatives.
B. Use of CVR MLS data or data feeds to directly or indirectly establish or maintain a platform of offers of compensation from multiple brokers to buyer brokers or other buyer representatives is prohibited and must result in the termination of that Participant’s CVR MLS access to any MLS data and data feeds.
C. CVR MLS shall not have any rules requiring the listing broker to disclose the amount of total negotiated commission in his listing contract and shall not publish the total negotiated commission on a listing which has been submitted to the MLS by a Participant. CVR MLS prohibits disclosing in any way the total commission negotiated between the seller and the listing broker, or total broker compensation (i.e. combined compensation to both listing brokers and buyer brokers).
Note 1: Multiple listing services must give Participants the ability to disclose to other Participants any potential for a short sale. As used in MLS rules, short sales are defined as a transaction where title transfers, where the sales price is insufficient to pay the total of all liens and costs of sale, and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies. Multiple listing services may, as a matter of local discretion, require Participants to disclose short sales when Participants know a transaction is a potential short sale.
Article 6: RESTRICTION OF COMPENSATION INFORMATION