SHOWING TIME UPGRADE

The VMLS has upgraded our service with ShowingTime. With that upgrade came some additional features that you will notice when logging in. These features include online scheduling, immediate notifications for showing representatives, mobile app access, and more!

COMING SOON: Showing Time’s Offer Manager. Launching October 24th!

This powerful tool helps improve efficiency and communication during the offer process, one of the most important steps in the home buying journey. Both listing and buyer’s agents can take advantage of the flexibility and ease Offer Manager provides. Stay tuned for more information.

ShowingTime is providing two member trainings to get our users familiar with the product. We hope you enjoy the advanced features that are now available.

Offer Manager by ShowingTime Member Trainings (Two dates!):

Monday, October 23rd at 1:00 p.m. MDT

REGISTER HERE

Tuesday, October 24th at 9:00 a.m. MDT

REGISTER HERE

CYBER SECURITY AWARENESS

October is Cybersecurity Awareness Month. Our goal is to educate our members on staying protected from legal fees, fraudulent credit card charges, data loss, etc. There was a 7% increase in cyber attacks in 2023, including a large MLS vendor whose entire database was encrypted and unavailable for over two weeks.

The VBR is hosting an eight CE credit class on Cyber Security on November 7. Scroll down to "Webinars & Trainings" for more info.

The button below is a checklist from NAR that includes Best Practices for Real Estate Professionals. Please download and read this checklist - and continue to stay vigilant.

Beginning on November 1, Flexmls users will be required to change their password every 360 days. This is for your own security and is a Best Practice with all websites and apps that you use.

OFFER OF COMPENSATION

NAR Offer of Compensation updates:

Stay informed on the updates regarding Offer of Compensation in Real Estate.

We encourage you to watch the most recent Legal Bites episode with CAR’s Scott Peterson.

NAR’s MLS policy requires participants to communicate an offer of compensation to other MLS participants. The offer can be any amount, including $0. VMLS will accept $0 as an offer of compensation, as consistent with this policy.  

MLS TIPS & TRICKS - Coop Compensation Amount

The Coop Compensation Amount field in Flex replaced the two Buyer Broker Compensation and Transaction Broker Commission fields. This change occurred earlier this year to coincide with the contract change. The “Coop Compensation Amount” field is found when entering a listing in Flex.

Section 7.1.1 of the Exclusive Right to Sell Contract Reads:

7.1. Amount. In consideration of the services to be performed by Broker, Seller agrees to pay Brokerage Firm as follows:

Sale Commission. (1) _______ % of the gross purchase price or (2) __________ in U.S. dollars.

Brokerage Firm agrees to contribute from the Sale Commission to outside brokerage firms’ commission % ______ of the gross purchase price or _______, in U.S. dollars.

The “Coop Compensation Field Amount” should be completed with the percentage or dollar amount from the second sentence of the paragraph describing the outside brokerage firms/ commission. This is the offer of compensation the listing agent is offering to co-op (buyer) brokers in the MLS.

Please remember the VMLS shall not fix, control, recommend, suggest, or maintain commission rates or fees for Services to be rendered by participants. Further, the VMLS shall not fix, control, recommend, suggest, or maintain the division of commission or fees between cooperating participants or between participants and non-participants.

Furthermore, the VMLS does not have a rule requiring the listing broker to disclose the amount of total negotiated Sale Commission from the listing contract. The VMLS shall not disclose in any way the total commission negotiated between the seller and the listing broker.

UPDATED VMLS BYLAWS

New VMLS Bylaws

All proposed changes to the Vail Multi-List Service Bylaws passed the recent membership ballot with 92 members voting (meeting the quorum).

The link below has the updated VMLS Bylaws. These can also be found at VBR.net under "VMLS Tools & Resources" and "Bylaws & Policies"

MEET YOUR VMLS BOARD

2024 VMLS Board of Directors (Term 12/1/23 through 11/30/24)

• VMLS CHAIR: Adam Bartlett, Compass, Vail
• VMLS CHAIR-ELECT: Tiffany McCracken, Berkshire Hathaway HomeServices
• VMLS PAST CHAIR: Kira Taylor, Berkshire Hathaway HomeServices
• VBR CHAIR: Cara Connolly, Slifer Smith & Frampton Real Estate
• VBR CHAIR ELECT: Mark Gordon, Christiania Realty, Inc.
• 2024 DIRECTOR: Ellyn Courtois, Slifer Smith & Frampton Real Estate
• 2024 DIRECTOR: JC Hernandez, Slifer Smith & Frampton Real Estate
• 2024 DIRECTOR: Will Sipf, LIV Sotheby’s International Realty
• 2024 DIRECTOR: George Streeter, Slifer Smith & Frampton Real Estate
• 2024 DIRECTOR: Greg Peterson, Top Dog Properties

WEBINARS & TRAINING

REMINE - Advanced Prospecting

Live on October 26

10:00 to 11:00 a.m. MT

REGISTER

Cyber Security: Protecting Your Business and Your Clients (CRS)

Tuesday, November 7

9:00 a.m. to 5:00 p.m.

REGISTER

This Certified Residential Specialist course empowers you with the strategies and tools you need to navigate your business and clients through the perilous legal, online, and social media world. Offers 8 CE credits and 8 Vail Pro Designation credits.

My Production (Recorded training)

CLICK FOR VIDEO

Learn how to use Flexmls to view your year-to-date production as well as how to use the Summary Statistics report to pull your production or production for your office (as allowed by your MLS) for specific dates.

Flexmls for Office Admins (Recorded training)

CLICK FOR VIDEO

If you’re an office administrator this is for you. This video covers general system navigation, customizations for admins, searching, adding/editing listings, superusing, and more!

NAR RESOURCES for REALTORS®

Opening statements were made yesterday in the Burnett v. NAR et al trial. The National Association of REALTORS® is providing updates at the competition.realtor homepage under "Burnett Trial Updates." Plaintiffs are presenting their cases first, with the Defendant (NAR) presenting next week.

"The NAR legal team and outside counselors have been preparing for this moment for a long time and are confident as they plan to present the absolute strongest pro-consumer, pro-business competition case at trial." - NAR Chair Tracy Kasper.

MLS RULES & REGS