Update to Listing Entry, Cooperative Compensation Fields

On October 9, 2023, updates were made to further confirm ValleyMLS subscribers’ flexibility for transparent negotiations with their clients and prospective buyers by allowing users to enter any amount in a listing’s cooperative compensation fields, including zero.  Prior to this update, the cooperative compensation fields in ValleyMLS Paragon system required entry of at least one cent.
ValleyMLS continues to support the most efficient marketplace by making property information widely and transparently available and by facilitating blanket offers of cooperative compensation available to all buyer brokers on an impartial basis.  
On October 9, 2023, Paragon updated our Listing Entry module to allow users to enter any amount in a listing’s cooperative compensation fields. These fields now allow any amount, from zero and up. We made this small change to underscore the complete flexibility of ValleyMLS subscribers to engage in transparent negotiations with their clients. 

What Does This Change Mean for You?

ValleyMLS confirms subscribers’ flexibility and the transparency and clarity of the cooperative compensation being offered through ValleyMLS. ValleyMLS has always offered flexibility and has never specified a cooperative compensation amount. Previously, sellers could agree to have their broker or agent enter as little as one cent in the compensation fields, which was as close to zero as one could get. With this update, a listing agent continues to be able to enter the cooperative compensation amount being offered, but now includes zero. Further, the parties to the transaction continue to have the ability to negotiate compensation.        

What's NOT Changing?

It’s important to note that this update does not affect the efficient, impartial system of offers of cooperative compensation that ValleyMLS supports, including:   
  • ValleyMLS subscribers continue to be able to make impartial, blanket offers of cooperative compensation to every buyer’s broker/agent.
  • The contracts and forms continue to work the same way. 
  • Offers of cooperative compensation remain negotiable and at the discretion of the seller.