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Adapt to Thrive Color

CRMLS Resources:

NAR Proposed Settlement

It remains our highest priority to ensure CRMLS users adapt to thrive in our rapidly evolving environment. With a forward-thinking approach, CRMLS has been preparing for the upcoming changes resulting from the proposed NAR settlement for quite some time. Rest assured, we’re here to make certain you are fully aware of what’s to come.

Important Upcoming Dates:

On August 8th:

  • Compensation fields will be removed from Flexmls

On August 13th:

  • Compensation fields will be removed from Matrix and Paragon
  • New CRMLS Rules & Policy changes will go into effect
  • The current required Concessions field at Close will include a category list

It is our top priority to ensure we begin planning to adapt to all necessary changes that would stem from the final settlement. As part of this process, CRMLS executives and the Board of Directors met on March 25 to discuss how to accommodate final settlement requirements.

As of May 29th CRMLS added three new “Concessions in Price” (CiP) fields at the listing level in Matrix, Paragon and Flexmls.

These are optional fields.

Field names and details

Concessions in Price
A text box for numerical input only. This amount should include any and all potential concessions in a single total amount.

Concession in Price Type
Classify the number above as either $ or %.

Seller Consider Concessions?
Either Yes or No. If Yes, then the listing will include the phrase “A Seller may consider a Buyer concession if made in an offer.”

New CiP Fields No Logo

The new fields benefit all parties:

  • Listing agents and sellers
    Will gain a dedicated space to advertise/market their willingness to consider concessions at the listing input level
  • Buyer agents
    Will be able to better serve their clients with up-front information on which listings are considering concessions to assist with transaction fees
  • Buyers
    Enhanced transparency on which listings are willing to consider concessions to assist with their financial needs

Latest News

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July 10, 2024

6/27/24

Concessions vs. Compensation

6/13/24

New Concessions in Price (CiP) Fields

5/10/24

New Benchmarks & Important Dates