As of January, 4 of the 6 MLS Associations on the Central Coast have adopted the same set of MLS Rules and Regulations. The Associations with a common set of rules are Santa Maria, Pismo Coast, San Luis Obispo, and Scenic Coast. The two Associations that did not choose to use the common set of MLS rules is Atascadero and Paso Robles.
What does this mean to a Home Buyer and Seller?
Well, it effects the “politics” of buying or selling real estate on the Central Coast. The 6 separate associations agree to cooperate and use a common MLS system. This means a member of one association can see and sell properties listed by a member of another association. What gets more complicated is if a member of an association lists a property in the boundaries of another association. For example, a Realtor that is a member of the Scenic Coast MLS (North Coast) can list of property in San Luis Obispo BUT the listing agent must follow the rules of the SLO Association.
Before there was a common set of rules, each Association had their own rule set and interpretation of the rules. I ran into problems when something that I could do to market a property in Pismo Beach, I could not do in San Luis Obispo.
With 4 associations having common MLS rules, it should help reduce inconsistencies. Since Atascadero and Paso Robles have their own set of rules, I’d be cautious if you use a Listing Agent that isn’t a member of the MLS Association where you home is located in.