Flat Fee MLS - Montana
In August 2007, the Board of Realty Regulation adopted a new regulation prohibiting brokers from rebating part of their commission to their clients. Montana Administrative Rule § 24.210.641(5)(z) prevented brokers from soliciting customers by offering “gifts, rebates,or promotional items.”
In February 2008, the Board announced a proposal to change the rule to reverse the ban on brokers offering rebates.
On April 1, 2008, the Board voted to adopt the final amended rule. It became effective after publication in the April 24, 2008 edition of the Montana Administrative Register.
Learn more about:
- Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
- Rebates: Rebates Make Buying a Home Less Expensive
Antitrust Division documents:
Press release:
- Montana Board of Realty Regulation Permits Real Estate Brokers to Offer Rebates to Consumers (04/01/2008)
Comment letter:
- Letter to the Montana Board of Realty Regulation Re: Proposed Amendment and Adoption of ARM § 24.210.641 (09/04/2008)
Related documents on the Internet:
- Administrative Rule of Montana § 24.210.641(5)(z) prohibiting the payment of rebates
- Notice of Proposed Amendment to Administrative Rule § 24.210.641(5)(z) restoring the payment of rebates
- Notice of Amendment of Adminstrative Rule 24.210.641(5)(z) restoring the payment of rebates
Montana Board of Realty Regulation
dlibsdrre at mt.gov
301 South Park 4th Floor Helena, MT 59620
Phone: 406-444-2961 Fax: 406-841-2323