Fact or Fiction: Must I Report Sales Prices to the MLS?

“Since Texas is a non-disclosure state, a listing broker does not have to report a client’s sales price to the MLS.”

Fiction. MLS rules state that sales of listed property, including sales prices, shall be reported promptly to the MLS by listing brokers. As such, the Residential Real Estate Listing Agreement, Exclusive Right to Sell (TXR 1101) includes a notice in Paragraph 6A that goes over this requirement so that clients are aware of their broker’s obligations. Local MLS rules also control how, if, or when sales prices can be disclosed by brokers or used in advertising.

It is a misconception that the status of Texas as a non-disclosure state means that a listing broker does not have to disclose sales data to the MLS. That is not true. Rather, it means that governmental entities—including local appraisal districts—cannot force anyone to provide the sales price to those entities.

Source: Texas REALTORS®

Fact or Fiction: Must I Report Sales Prices to the MLS?

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