“Sub Agent Comp” to Be Removed from Listing Maintenance

Thursday 31 July 2008

Change to MLXchange Takes Place July 31

MFRMLS has elected to remove the “Sub Agent Comp” field from the Listing Maintenance section of MLXchange. “Buyer Agent Comp,” “Non-Rep Comp,” and “Trans Broker Comp” will remain available options for compensation purposes.

MFRMLS has recognized that Sub Agent Compensation is rarely used, and is largely misunderstood by many REALTORS® practicing in today’s marketplace. Many other multiple listing services around the country have already eliminated the “Sub Agent Comp” option. With this in mind, the MFRMLS Board felt that eliminating this field is in our subscribers’ best interests, and makes our multiple listing service more reflective of the current real estate environment.