Section 1.5 Withdrawal of Listing Prior to Expiration:
Listings of property may be withdrawn from the multiple listing service by the listing broker before the expiration date of the listing agreement, provided notice is filed with the service, including a copy of the agreement between the seller and the listing broker which authorizes the withdrawal.(M)
Sellers do not have the unilateral right to require an MLS to cancel a listing without the listing broker’s concurrence. However, when a seller(s) can document that his exclusive relationship with the listing broker has been terminated, the multiple listing service may remove the listing at the request of the seller.(M)
Staff is authorized to change the listing status to Cancelled when written communication is received clearly demonstrating that the firm is no longer the seller’s agent. Staff is to provide the listing firm with the seller’s communication and the following notice:
The MLS has changed the listing status to Cancelled for listing #__________ due to receipt from the seller that your firm is no longer their agent. MLS legal counsel has stated that under the law of agency, an agent who continues to hold him/herself out as the principal’s agent following his or her discharge can be liable for damages that the principal may incur as a result of the agent’s conduct. You are strongly advised to discuss this matter with your own legal counsel.
In the event that the seller and listing firm agree to cancel a listing and there is a fully executed Termination of Agency Agreement and Release (NCAR Standard Form # 720) or substantially similar form, the firm will immediately change the listing status to Cancelled.
Section 4.3 Solicitation of Listing Entered into the Service:
Participants shall not solicit a listing on property filed with the Service unless such solicitation is consistent with Article 16 of the REALTORSÒ Code of Ethics, its Standards of Practice, and its Case Interpretations. (M) This section is to be ...
Section 1 Listing Procedures:
Section 1 Listing Procedures: Listings of real or personal property of the following types, which are listed subject to a real estate broker’s license, and are located within the Service Area* of the multiple listing service, and are taken by ...
Section 2.7 Advertising of Listing Entered into the Service:
A listing shall not be advertised by any Participant, other than the listing broker, without the prior consent of the listing broker. (M)
Section 1.1.4 Listing Entered As Sale Only
The sale of real property not listed in the NCRMLS with buyer representation may be entered as a SALE ONLY. Stipulation of Sale MUST be “Entered as Sale Only”. Sale Only listings are subject to all data compliance rules and subject to fines as ...
Section 5 Cooperative Compensation Specified on Each Listing:
The listing broker shall specify, on each listing filed with the multiple listing service, the compensation offered to other multiple listing service participants for their services in the sale of such listing. Such offers are unconditional except ...