Tim Kuptz

Compensation rules in the MLS are rather antiquated. NAR broke away from their compensation rules in Section 5 of the Rules and Regulations for shortsales. It is time to look at this more in all sales. Our local MLS is now strictly enforcing the "gross selling price" in terms of coop commission. This is after being quiet about it for years. Many banks are selling their propeties and adjusting commissions paid to reflect the "real" sales price (price less buyer closing costs concessions). Our MLS says pay gross price or risk losing the opportunity to remain a member. On a 6% seller contribution on a Nehemiah program at $200,000 that could mean $1200 in additional commission paid for no real value received. Is this fair to a seller no matter who that seller is? Our Preamble to our Code of Ethics stipulates we protect the comsumer and their dollar. I find this to be a direct contradiction to Section 5 of the MLS Rules and Regs and in need of immediate change. The market and the way we do business is evolving far more quickly than our "rules" Tim Kuptz RE/MAX Advantage Las Vegas & Henderson, NV