On Wednesday, March 16th, the ValleyMLS.com Board of Directors met to discuss and approve several policy improvements. Those updates, listed below. Please email MLSsupport@valleymls.com with questions.
Motion Passed: To accept the revised language to offer clarification in Rules & Regs regarding conditional compensation, as displayed below.
Motion Passed: To create a status within Paragon for non-compliant listings. (Active: Non-Compliance)
Motion Passed: To approve the addition of new fields in Paragon to be completed when offering “Additional Compensation” aka BONUS (as detailed below)
“Other Fee” field will be removed and then replaced it with a Bonus field that will allow listing agent to select Y/N
If Participant selects yes, they will then be required to enter the amount AND select % or $
The next required question would be is this Bonus Conditional? Y/N
If yes, the “Additional Compensation Remarks” field would become required