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DOM and Exclusion Forms

When excluding a listing from the MLS, It is required to submit to the MLS an exclusion form within 2 business days of the signed listing. All exclusion forms must be submitted to www.crmls.org/excludelisting.

In order for Days on Market not to accumulate during the exclusion period, no marketing must be occurring AND the CRMLS Exclusion form must be submitted with the no marketing selection being made. The C.A.R SELM form does not give this provision.

Below is the MLS rule that governs Days on Market.

7.9.1 Impact on Days on Market (DOM) As it Pertains to the Exclusion Form DOM stands for Days on Market, not Days on MLS. The DOM calculated in the MLS and reported to the various internet sites will be when marketing begins. As a general rule, the first Day on Market will be the beginning date of the Listing Agreement, which is either the beginning date identified on the agreement, or the date of the last signature required to make the listing agreement valid, whichever is later. The DOM may alternatively begin at a later date as long as no marketing of the Property occurs and the CRMLS Exclusion form is utilized. Marketing is identified as:

(a) Marketing is any communication made to the public containing any information, details, price or terms of any potential sale of the Property, or any communication made to the public in regard to the Brokerage firm or Agent’s representation of the Seller. Marketing includes, but is not limited to: 1) Sign on the property; 2) Internet Website posts; 3) Social Media Posts; 4) Flyers or Advertising; 5) Open Houses.

The CRMLS exclusion form can be found in several locations including the OCAR zipforms library, www.ocar.org/mlsforms , or www.crmls.org/excludelisting

Below is a video that outlines how to use the new exclusion form

https://youtu.be/RSz6xR50hD8

Please note, that Seller and Listing agent must complete the form and be signed by the broker/manager.

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Guest Friday, 17 August 2018