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Bright MLS Cracks Down On Abuse Of Pocket Listing Rule


Inman Connect
The nation’s second-largest multiple listing service is cracking down on agents and brokers who make a habit of violating its pocket listing policy.
As of Monday, Bright MLS, which has about 95,000 subscribers in the Mid-Atlantic region, is only allowing each brokerage one 24-hour grace period per year to fix a violation of its Clear Cooperation (Off MLS) Policy. The policy requires listing brokers to submit a listing to Bright within one business day of marketing a property to the public.
Bright’s enforcement change, effective May 10, means that any additional confirmed violations will result in an immediate fine. The fine is $5,000 for a subscriber’s first violation of the rule and $7,500 for a subscriber’s second violation. If the subscriber commits a third violation, their subscription to the MLS will be terminated. Subscribers may appeal fines. ....

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