Section 5.0.2: Form of Indicating Compensation:
entering a property with the Service, the Participant of the Service is making
blanket unilateral offers of compensation to the other Service Participants,
and shall, therefore, specify on each listing entered the Service, the
compensation being offered to the other Service Participants. Specifying the
compensation on each listing is necessary because the cooperating broker has
the right to know what his compensation shall be prior to his endeavor to sell. The listing broker must
indicate cooperating compensation in the form of a percentage of the gross
selling price, a percentage of the net selling price, or a definite dollar
In the event the offer is a percentage of the
net selling price; the listing broker must place the following note in the
Agent Remarks: Compensation paid on net selling price. The offered compensation
must be greater than zero. The listing broker retains the right to determine
the amount of compensation offered to other Participants acting as subagents or
buyer agents which may be the same or different. The listing broker may, from
time to time, adjust the compensation offered to other Service Participants for
their Services with respect to any listing by advance published notice to the
Service so that all Participants will be advised.
disclosure as required by NCREC Rule A.0109 where cooperating broker's
additional compensation is more than "nominal" may be placed in the
Additional Compensation field.
FlexMLS Label: Add/Incentives/Bonus If Variable = 'yes' you must explain here. See Section 5.1 NCREC Rule A.0109 requires disclosure where cooperating broker's additional compensation is more than "nominal."
Section 5.0.4 Superseding Offers of Compensation:
The listing broker may offer any Service Participant compensation other than the compensation indicated on any listings published by the Service provided the listing broker informs the other broker in writing in advance of submitting an offer to ...
Section 11.4 Disclaimer of Liability; Copyright Notice.( NAR Section 19.17)
In any display or disclosure of MLS Listing Information (as that term is defined in Section 16.1(d) of these Rules), including oral disclosure and display on a VOW, a Participant shall include a notice indicating that the MLS Listing Information is ...
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 ...
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 participants on exclusive right to ...