**Bright MLS Training at Suburban West – Click Here for Upcoming Dates**
Bright MLS was created from a desire to be the change that real estate professionals demand. Now serving an area that stretches from central Pennsylvania through Maryland to Northern Virginia back up through Delaware and the Philadelphia metropolitan area, Bright is the largest MLS in the United States, It provides subscribers with access to listing information for a larger geographic area, modern, easy-to-use systems and apps to serve your clients and run your business, and a comprehensive ecosystem of robust property information and analytics.
Coming Soon rules changed to accommodate New Construction. Over the past several months, many have asked how the Off-MLS policy affects listings entered as New Construction in Bright. Since these properties have unique considerations for Coming Soon, we have increased the amount of time they can remain in the Coming Soon status. As part of this update, a new option for designating properties undergoing major renovations is now available in Listing Management and Search. Learn more about these changes.
List Price information will no longer display in Search while a property is in the Coming Soon status. Starting today, new listings that are entered in the Coming Soon status will not show changes to the List Price in the listing history or note a price increase/decrease under “Recent Change.” With the announcement of the Off-MLS policy, many subscribers noted that when a listing was in Coming Soon, the sellers may still be considering the exact list price. They requested the history of price changes in this status be hidden to ensure that their clients weren’t penalized for raising or lowering the price. This update provides that flexibility, while still allowing potential buyers the ability to see Coming Soon listings in their price range. Please note: This change will not update previous listings or the listing history for those listings. It will only affect listings going forward.
Report potential Off-MLS violations online. On January 27th, Bright launched the ability to report a potential Off-MLS violation directly from Account & Settings. Within the My Support tab, click Submit New Case and select “Off MLS Listings” from the available options under Inquiry Type. The form will then prompt you to enter more specific information related to the listing in question.
This is the preferred reporting option for cases that may be in violation of the Off-MLS policy. Learn how to submit a case in Bright.
Other updates to Search and reports.
- Under Buyer Financing, FHA 203(b) is now available as a picklist option and will display on reports when selected.
- Under Room Features, “Soaking Tub” and “Tub Shower” have been added to the picklist options for entering Room Details. These options will also now display on reports when selected.
- An issue that was causing some reports to drop the last 4 digits of the Mgmt Co. Fax field in Search has been resolved.
- An issue that was preventing some subscribers from accessing a Comparables Report using the “View Comparable Properties” link on a tax record has been resolved.
- The Maryland Department of Planning is retiring the MDP Parcel Viewer on January 31, 2020. In support of their new site, the Tax Map iconnow directs to the new parcel locator for all Maryland listings in Bright.
Bright Update: Off-MLS Q&A Video
Bright Off-MLS Policy requires submitting listing within 1 business day of marketing
To provide transparency and access to information in the real estate marketplace, a listing must be submitted to Bright within 1 business day of marketing, according to a new policy created by the Bright Board of Directors.
The Bright Off-MLS policy encourages participation and helps ensure an open marketplace.
The MLS system encourages competition in the marketplace while also ensuring cooperation and compensation among real estate professionals. Full participation in the MLS ensures the seller has the largest possible marketplace, and the buyer has the widest possible selection. This policy will help provide transparency and access to information in the real estate marketplace.
Here is the new policy:
Within one business day of marketing a property to the public, the Participant must submit the listing to Bright MLS for cooperation with other Bright MLS Participants. Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.
The policy has been added to the Bright Rules and Regulations. The policy is active as of October 16; however, fines will not be levied for non-compliance until February 1, 2020.
The new policy does not change Bright’s Coming Soon Status.
The Coming Soon status will continue to be available within the Bright system for listings that are not being shown, and actively marketed.
The policy also allows for Office Exclusives, or private listings, on the condition that they are not marketed to the public. This would be used, for example, for private sales and other situations where the seller has requested that their property not be listed in the MLS for privacy reasons.
Please note: If your seller requests that you not list their property in the MLS, you can submit a waiver. Any listing where the seller has decided to not market their property through the MLS are subject to the new Office Exclusive policy. Section 1.3 of the Bright Rules and Regulations discusses Waivers and Office Exclusives.
Our Accuracy and Policy team is available to help answer questions about this new policy. You can reach them Monday through Friday at (301) 838-7140 or OFFMLSLISTINGS@BrightMLS.com.
For older release notes, please click here.
Bright MLS provides ongoing training, both in-person and through online resources.
- Click here to access a list of upcoming training sessions at Suburban West’s office in Malvern
- Click here to access video training modules on the Bright MLS YouTube channel
Even if you are fairly comfortable with the new system, changes will be ongoing, and even the smallest change can be uncomfortable or difficult to navigate. Your active participation and feedback will help ensure you can use Bright MLS to your best advantage. We ask that you please:
* Read your Bright emails.
* Attend training classes either in person or online.
* Take the actions requested in a timely manner.
* Look carefully at your listing data in Bright and share any discrepancies you find.
* Search the Online Help topics, watch videos, and take advantage of available resources.
Bright’s Support Center works with members to address problems that you may encounter within the system. Members can contact Bright Support 7 days a week via:
- Phone: 1-844-552-7444
- Email: firstname.lastname@example.org
Go to brightmls.com for more information.