Acceptable Listing Agreements
There is a new drop-down field labeled ‘Listing Agreement’ when adding a new listing into FlexMLS. The WMLAR MLS accepts exclusive right-to-sell listings, exclusive agency listings and exclusive listings with exceptions as defined below in our Rules/Regulations. The West Michigan Regional Listing Agreement is an exclusive right- to-sell agreement.
Exclusive Listing Agreements
- “The exclusive right-to-sell listing is the form of listing where the seller authorizes exclusive authorization to the listing broker to cooperate with other brokers in the sale of the property.
- The exclusive agency listing also authorizes the listing broker as exclusive agent, to cooperate with other brokers in the sale of the property, but also reserves to the seller the general right to sell the property on an unlimited or restrictive basis.
- Exclusive agency listings and exclusive right-to-sell listings with named prospects exempt should be clearly distinguished by a simple designation such as a code or symbol from exclusive right-to-sell listings with no named prospects exempt, since they can present special risks of procuring cause controversies and administrative problems not posed by exclusive right-to- sell listings with no named prospects exempt. Care should be exercised to ensure that different codes or symbols are used to denote exclusive agency and exclusive right-to-sell listings with prospect reservations.”
