1	Florida Association of Realtors^® Auction Marketing Council Auction Property in MLS Ben Anderson, Emerald Coast Association of REALTORS^®
2	Available Options Include property under an existing MLS category Create a separate Auction Information Exchange (AIE)
3	Using Existing MLS Structure Advantages Less work for MLS governing body Better exposure to listings Less cost for system changes Disadvantages Difficultly conforming to price, compensation, and offering requirements Inability to accurately describe the event Negative perception by agents when auction listings show up in search results
4	Auction Information Exchanges Advantages Not subject to compensation requirements New profile sheet customized for auctions Disadvantages Requires work to change governing structure and profile sheets May be costly to implement by MLS vendor Separate database to search
5	AIE Considerations Working with MLS Governance – NAR guidelines on Information Exchanges: Handbook on Multiple Listing Policy Statement 7.33 Suggested Rules and Regulations Section 1, NOTE 3
6	AIE Considerations Non-Realtor^® Participation Core and Enhanced Services – NAR Handbook on Multiple Listing Policy Statement 7.57 Alternate Fee Structures for AIE
7	AIE Considerations Listing Administration Profile Sheets Property Description Event Information Seller/Listing Information Special Considerations Buyer Registration Licensees as Buyers Multi-Property Auction Disposition of Listings