Section 5.0.6 Gross Commission Not Disclosed:
The listing broker is prohibited from disclosing in the MLS the amount of total negotiated commission in his listing contract, and the Service shall not publish the total negotiated commission on a listing which has been submitted to the Service by a Participant. The Service shall not disclose in any way the total commission negotiated between the seller and the listing broker.
Section 5.3 Dual or Variable Rate Commission Arrangements:
The existence of a dual or variable rate commission arrangement (i.e., one in which the seller/landlord agrees to pay a specified commission if the property is sold/leased by the listing broker without assistance and a different commission if the ...
Section 1.9 No Control of Commission Rates or Fees Charged by Participants:
The Service shall not fix, control, recommend, suggest, or maintain commission rates or fees for Services to be rendered by Participants. Further, the Service shall not fix, control, recommend, suggest, or maintain the division of commissions or fees ...
Section 5.0.1 Short Sales:
A “Short Sale” is a sale where: the Purchase Price is or may be insufficient to enable Seller to pay the costs of sale, which include but are not limited to the Seller’s closing costs and payment in full of all loans or debts secured by deeds of ...
Section 1.1.5 Square Footage:
The reported square footage for all properties shall be measured in accordance with the NC Real Estate Commission’s guidelines that are incorporated by this reference and attached as Exhibit 6. Where square footage in the property meets all of the ...
Section 5.0.5 Court Approval:
When a listing broker’s listing contract is subject to court approval, the listing broker must communicate the potential reduction of commission by placing the following language in the Agent Remarks: Court may reduce commission. Cooperating brokers ...