In a recent legal update, LIBOR General Counsel Patrick Fife breaks down what REALTORS® need to know following changes to OneKey® MLS rules on offer presentation. While certain MLS procedures have been eliminated, your legal and ethical responsibilities under New York law and the REALTOR® Code of Ethics remain fully in place. In this brief video, Patrick outlines what’s changed, what hasn’t, and how to stay compliant, covering everything from timely presentation of offers to proper documentation and responding to written requests from cooperating brokers.
Read the legal tip here.