BAREIS  NEWS


FOR IMMEDIATE RELEASE


BAREIS MLS® Issues Full-Quarter Fee Waiver for Members

BAREIS MLS Steps-Up Support to Members Through the Covid-19 Economic Shutdown

SANTA ROSA, Calif. -- BAREIS MLS® (http://www.bareis.com), Northern California’s regional multiple listing service for Sonoma, Marin, Napa, Solano & Mendocino Counties, is waiving all 3rd Qtr. MLS fees for current members in good standing in response to the economic upheaval that the COVID-19 pandemic has created for Northern California real estate professionals. The total cost of the 3-month waiver is expected to total more than $1,000,000.

“This is a time that calls for helping others. BAREIS is here to support our members in every way possible. Providing a 3-month fee waiver for MLS services to ease their financial burden during this economic shutdown is absolutely the right thing to do,” said KB Walter, CEO of BAREIS MLS.

As a Broker owned MLS, BAREIS has a long history of returning money to its members in the form of fee waivers. This will be the 12th time in their 22-year history that fee waivers have been issued to members.

BAREIS Board of Directors made the decision to draw on the organization’s reserves to fund the financial assistance in recognition of the hardship created by the sudden shut-down of real estate activities in all the primary counties served by BAREIS MLS. Pat Provost, Broker-Owner of Century 21 North Bay Alliance and Treasurer of the BAREIS Board of Directors said, “Conducting real estate transactions under these conditions is extremely challenging. Many of our members are unable to do business. Our reserves were created to carry the organization in an emergency. This is an emergency and it is the right time to apply our reserves to assist our members.”

"This is an unprecedented time of financial hardship for many of our members. This fee waiver is an opportunity to ease a financial burden for our members and to ensure they retain access to the MLS and are able to continue to serve their clients," noted BAREIS Board Chair Barry Crotty of Coldwell Banker Residential Brokerages, Greenbrae.

BAREIS also waived all late fees for members and allowed members to postpone payment of the 2nd Qtr. fees to avoid losing MLS access for an inability to pay in March.

BAREIS provides members access to complete, accurate listing data across Marin, Sonoma, Solano, Napa and Mendocino counties, as well as direct access to six other MLS systems through agreements with eight MLS organizations in San Francisco, Sacramento and the East and South Bay.

For more information about product offerings and membership, visit http://www.bareis.com.

About BAREIS

BAREIS MLS ® is the broker-owned multiple listing service assisting real estate professionals throughout the beautiful Marin, Sonoma, Napa, Solano and Mendocino counties in Northern California.

Media Inquiries

K.B. Walter, President & CEO

800-776-5252

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