Exhibit 8: Coming Soon Authorization

Exhibit 8: Coming Soon Authorization

North Carolina Regional MLS Coming Soon - No Showings Status Seller Authorization

NOTE:  The Printable Version of this form is found in Attachments

This Coming Soon - No Showings Seller Certification form hereby authorizes the listing firm to begin marketing the property up to 30 days prior to the “delayed marketing date” described below.

Listings entered into the North Carolina Regional MLS, (“NCRMLS”) with a Coming Soon - No Showings status indicates that the listing firm and the seller are preparing the property for sale before the listing’s status is changed to Active. There must be a valid listing agreement between the seller and the listing firm. Listings in Coming Soon - No Showings status must have seller approval, which may be obtained using this form.

Coming Soon - No Showings status is not intended to give the listing firm an advantage in finding a buyer for the property to the detriment of cooperating brokers, nor is it intended to circumvent the sale of the property on an open market. Coming Soon - No Showings status provides a method for the listing firm to notify other cooperating brokers of properties that will be made fully available for showing and marketing after preparations have been completed. Any showings of a property in Coming Soon - No Showings status disqualifies that property from that status, and the listing firm is cited for a violation of the NCRMLS rules.

1.  Delayed Marketing Date: Listings entered into the MLS with Coming Soon - No Showings status automatically transition to Active status on the “Delayed Marketing Date” (as it is known in North Carolina) specified in the listing agreement or 30 days after entry into the MLS.



                                    
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2. While the property is in Coming Soon - No Showings status, the seller and the listing firm may not promote or advertise the property on the Internet in any manner other than as “coming soon”. Coming Soon - No Showings status listings are displayed only in the MLS system. Coming Soon - No Showings status listings are NOT displayed on the Internet, are NOT included in MLS advertising data feeds, including broker, agent, IDX, public, or syndication websites, or on social media. Seller acknowledges and understands that consumers who conduct searches for listings on the Internet will not see information about the property in response to their search while in the Coming Soon - No Showings status.







                                    
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3.  A property in Coming Soon - No Showings status may not be shown. Potential buyers and firms, including other agents in the listing firm office, cannot schedule showings of a Coming Soon - No Showings property through the seller, showing service, or the listing firm and cannot be given access to physically view the property during the period the property is in the Coming Soon - No Showings status. The listing agent must change the listing to Active status prior to scheduling a showing that would occur before the Delayed Marketing Date.





                                    
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4.  As soon as the seller is ready for showings to begin, the listing firm must change the listing status in the MLS to “Active.” Days on Market start when the listing transitions to Active status. Once the listing transitions from Coming Soon - No Showings status to Active status, it cannot revert back to Coming Soon - No Showings status.



                                   
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5.  A listing firm may not re-list a property in Coming Soon - No Showings status unless:
    1) The listing has been in Expired or Cancelled status for more than 30 days; or,
    2) A new firm lists the property or;
    3) The property has been sold or rented.




                                    
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6.  The listing firm may place a “Coming Soon” sign on the property, so long as there is written authorization from the seller to advertise the property and the listing firm does not promote or advertise the property in any manner other than as “coming soon”.



                                    
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NOTE:  The Printable Version of this form is found in Attachments


Seller accepts the consequences of the decision to deny property showings and MLS advertising feeds indicated above.

Seller accepts the consequences of the decision to deny property showings and MLS advertising feeds indicated above.


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Property Address                                                               City                                                  State


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Print Seller Name                                                          Seller Signature                                                                                               Date


_______________________________________________________________________________________________________________
Print Seller Name                                                          Seller Signature                                                                                               Date


_______________________________________________________________________________________________________________
Print Broker Name                                                       Broker Signature                                                                                              Date





NOTE:  The Printable Version of this form is found in Attachments

Coming Soon “Dos”

  1. Do place your Listing in Coming Soon - No Showings Status: The Coming Soon-Now Showings status is a temporary, off-market status. A listing can only be in the Coming Soon-No Showing status for a maximum of 30 days.
  2. Do understand that there is Nightly Processing: Each evening, the System will review all Coming Soon - No Showings listings and automatically convert them to Active status if the Delayed Marketing Date has been reached or if the listing has been in the status for 30 days.
  3. Do Change Status - Early Active: The listing firm may change the listing’s status to Active at any time; however, once the Coming Soon - No Showings status is changed to Active the listing cannot go back to the Coming Soon - No Showings status.
  4. Do understand DOM: Days on Market is not calculated on Coming Soon - No Showings listings. The DOM calculation starts when a listing becomes Active.
  5. Do remember that the listing will Display in MLS System only: Listings in the Coming Soon - No Showings status are displayed in the MLS system only and are not eligible for display to the general public via MLS advertising data feeds, including national real estate listings websites and firm public advertising (IDX). The Coming Soon - No Showings listings will not be included in prospecting matches.
  6. Do put up Coming Soon Signs: NCRMLS does not require a coming soon sign rider, but posting a “for sale” sign without a “coming soon” sign rider could be construed as misrepresenting the availability of access to show or inspect a listed property. Listing subscribers should consider using a “coming soon” sign rider on a sign, or no sign at all.
  7. Do include Photos: NCRMLS requires an image or photo of any listing in Coming Soon - No Showings status.
  8. Do remember Offers can be accepted: A seller can accept an offer from a prospective buyer even if the property is not available for showing. In the event an offer is accepted on a listing in the Coming Soon - No Showings status, the listing firm must change the listing status within 72 hours (excepting weekends, holidays and postal holidays).

Coming Soon “Do Nots”

  1. Don’t expect your listing to be in Internet feeds: Coming Soon-No Showing listings are only available in the MLS (unless the seller opts-out in accordance with Section 15.6 of these Rules) and Firm Internal Use RETS feeds. In accordance with section 6 above, Coming Soon - No Showings listings are NOT included in MLS advertising data feeds for display on the Internet or on firm, public, or syndication websites.
  2. Don’t change back to Coming Soon - Only New Listings: Only new listings can use the Coming Soon - No Showings status; listings in any other status may not be changed to Coming Soon - No Showings.
  3. Don’t do any Advertising unless it states, “Coming Soon”: Listings with a Coming Soon - No Showings status may only be promoted or advertised as a “coming soon” property. Advertising of a listing as a for-sale property will immediately disqualify the listing from the Coming Soon - No Showings status. If advertised as anything other than “coming soon” the subscriber will be cited for violation of these Rules and be subject to a fine. A violation of this rule is assessed a $1000 fine for the first violation, a $2000 fine for the second violation, and a $5000 fine plus a 30-day suspension of the subscriber’s MLS account for any subsequent violations.
  4. Don’t Forget No Showings, open houses, or broker caravans: Listings in the Coming Soon - No Showings status are not eligible for showings, open houses, or broker caravans. Future showings and open houses may be scheduled in advance for a time after the Delayed Marketing Date. The listing subscriber must change the status of a Coming Soon - No Showings listing to Active, if any showing will occur before the Delayed Marketing Date. Any showing of a listing in the Coming Soon - No Showings status, whether that showing is made to the general public or other participants and subscribers, will immediately disqualify the listing from the Coming Soon - No Showings status. The listing will be immediately changed to Active and a subscriber who violates this rule is assessed a $1000 fine for the first violation, a $2000 fine for the second violation, and a $5000 fine plus a 30-day suspension of the subscriber’s MLS account for any subsequent violations.
NOTE:  The Printable Version of this form is found in Attachments

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