LSDR / LTC Capital

Compliance Reference

Off-MLS & private-listing compliance

State laws are converging on a single rule: market residential listings publicly by default. This reference breaks down where each state stands, where the liability sits for brokers, what informed seller consent actually requires, and how to document it.

Published by LTC Capital, LLC, alongside the Listing Strategy Decision Record (LSDR) — a documentation tool that records how a seller reached an informed decision about marketing path. The LSDR is not a registry, portal, or gatekeeping system; it is a structured record of seller deliberation.

National guidance

NAR's guidance applies nationwide and sets the baseline broker duties for office-exclusive and pre-marketing listings. State laws below are overlays on top of it.

State laws

Four states have passed or advanced private-listing laws, splitting into opt-out and prohibition models.

Liability & consent

Tools & implementation