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CRMLS adds 'Limited Exposure Coming Soon' listing option

Created at 30 Jun · 6:35 PM1 source
IN SHORT

California Regional MLS (CRMLS) has introduced a new 'Limited Exposure Coming Soon' option, allowing sellers to control the online distribution of their listings before they become active. This feature enables sellers to opt out of syndication to third-party sites while still allowing sharing on broker-controlled platforms.

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Key Numbers

21 daysmaximum coming soon listing duration

Who's Involved

CRMLS
California Regional Multiple Listing Service introducing new listing option
Art Carter
CEO of CRMLS, stated the new option offers greater choice in listing distribution
Canopy MLS
North Carolina-based MLS exploring similar listing options
CRMLS adds 'Limited Exposure Coming Soon' listing option

↳ Why This Matters

This new feature provides sellers with enhanced control over their property's initial marketing exposure, potentially influencing buyer interest and negotiation strategies by managing online visibility before a listing officially hits the broader market.

Key facts

  • California Regional MLS (CRMLS) has launched a 'Limited Exposure Coming Soon' listing option.
  • This feature allows sellers to prevent their 'coming soon' listings from appearing on third-party websites.
  • Listings can still be shared on broker-controlled websites and social media platforms.
  • Agents must manually switch the listing's internet distribution from 'No' to 'Yes' when it becomes active.
  • The option provides sellers with more control over listing visibility before the property is officially on the market.

California Regional MLS (CRMLS) has introduced a new 'Limited Exposure Coming Soon' listing option designed to give home sellers more control over how their properties are marketed. This feature allows sellers to opt out of having their 'coming soon' listings distributed to third-party websites via IDX feeds, while still permitting sharing on broker-controlled websites and social media platforms.

Under the new option, agents can set the internet display for a coming soon listing to 'No,' effectively preventing its inclusion in IDX feeds. Once the listing transitions from 'coming soon' to active status, agents must manually change the setting to 'Internet: Yes' if the seller wishes for it to be displayed online. If a seller instructs no internet distribution, agents are required to remove the listing from all social media and broker-controlled websites.

CRMLS initially launched its coming soon status for listings in May 2020, with listings allowed to remain in this status for up to 21 days. The MLS began automatically syndicating coming soon listings via IDX feed only at the end of March of this year.

Art Carter, CEO of CRMLS, stated in an emailed release that the new form for limiting exposure is a "natural progression of giving sellers and their brokers greater choice in listing distribution." He added that CRMLS's coming soon policies have consistently been flexible to address broker requests and market practices, aiming to maintain a fair and transparent marketplace.

CRMLS is not the only MLS exploring expanded listing options. Other MLSs, such as North Carolina-based Canopy MLS, have also developed various listing choices for consumers, including 'Coming Soon/No-Show,' limited-exposure, and office-exclusive listings.

Frequently asked questions

It is a new feature from CRMLS that allows sellers to prevent their 'coming soon' listings from being displayed on third-party websites while still allowing them to be shared on broker-controlled platforms.

Listings are allowed to remain in a coming soon status for up to 21 days.

Agents must manually change the internet distribution setting from 'No' to 'Yes' if the seller wants the listing displayed on the internet.

Yes, other MLSs like Canopy MLS in North Carolina have also created various listing options such as 'Coming Soon/No-Show' and office-exclusive listings.

What Happens Next

01Sellers can now choose the 'Limited Exposure Coming Soon' option for their listings.
02Agents must remember to manually switch internet distribution from 'No' to 'Yes' when listings become active.

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Cadence

How It Developed

CRMLS debuted a Limited Exposure Coming Soon listing option.
The new option allows sellers to exclude listings from designated third-party sites.
Sellers can still share listings on broker-controlled websites and social media.
Agents must manually change internet distribution from 'No' to 'Yes' when a listing goes active.
CRMLS first introduced its coming soon status in May 2020.
Listings can remain in coming soon status for up to 21 days.
CRMLS began automatically syndicating coming soon listings via IDX feed in March.
CEO Art Carter stated the new option provides sellers and brokers greater choice in listing distribution.

Sources

T1
CRMLS adds 'Limited Exposure Coming Soon' listing optionHousingWire

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