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 purchase and if the modification in the specified compensation is not the result of any agreement among all or any other Participants in the Service. Any superseding offer of compensation must be expressed in one of the forms permitted in Section 5.1. Nothing in these MLS rules precludes a listing Participant and a cooperating Participant, as a matter of mutual agreement, from modifying the cooperative compensation to be paid in the event of a successful transaction; such a bilateral agreement may include additional conditions for compensation.
Related Articles
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 5.0.2: Form of Indicating Compensation:
In 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 ...
Section 2.9 Disclosing the Existence of Offers:
Listing brokers, in response to inquiries from buyers or cooperating brokers shall, with the seller’s approval, disclose the existence of offers on the property. Where disclosure is authorized, listing brokers shall also disclose, if asked, whether ...
Section 2.2 Submission of Written Offers:
The listing broker shall submit to the seller all written offers until the closing unless precluded by law, government rule, regulations, or agreed otherwise in writing between the seller and the listing broker. Unless the subsequent offer is ...
Additional Compensation
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."