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Co-Listing Agreement

It is unrealistic, problematic and makes MLS very responsible for determining alternative listing agreements in this way. The rules currently provide that MLS must accept the exclusive right to sell list contracts and exclusive agency list contracts and may accept other forms of agreement. In addition, the mls committee has carefully reviewed our current regulations, and the service rules always refer to the “broker listing.” It is clear that only a broker can enter a list into the Multiple Listing Service database. Co-listing agreements can arise for several reasons: there are two owners of a property and each wants to use their own preferred brokerage (this sometimes happens when a property is sold during divorce proceedings), or a seller cannot choose which brokerage should be chosen based on different but equally attractive marketing strategies. Without a definition of state, we do not have a clear basis for accepting or denying exclusive co-announcements in the MLS service in Massachusetts. It has been definitively suggested that, in order to bring the co-exclusives into the MLS, we should first decide, on a list-by-list basis, the terms of the listing agreement, so that we can preemptively consider the list as “open” or “exclusive” and hope that the courts would accept in the event of problems. The MLS Board of Directors has accepted the following request to accept exclusive underwriting rights from a broker, as required by the service`s current rules and regulations. There was a consensus that the service`s three co-exclusive offers can now remain unredealed for the duration of the original contract. Any listing broker can continue to use the co-exclusive list concept and extend these individual offers with sellers, but all references to the MLS deposit must be removed as the ad expires when the agreement expires. Not all brokers will accept a co-listing agreement, as it will have an impact on their commission, especially if a buyer is recruited by a third broker. When co-listing a property, there are small but important differences from paper requirements. These requirements depend on brokers who have real estate listings and agency models they have.

A co-listing situation can be useful if a seller wants to work with a specific real estate agent (. B for example, a friend or relative), but they agree that the expertise of a seller from another real estate agent would contribute to the sale of the property. Yes, both! Rest assured, there is absolutely nothing in state law or in our code of ethics that prevents any agency from entering into such an agreement on co-listing. It`s just an alternative business deal. Also remember that open listings are also valid under state law, the ethical and acceptable business method of working as a trustee of a real estate seller in Massachusetts. And as you know, each business model has its pros and cons, some are displayed in MLS, others are not.


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