Exclusions - MLS #6.
The MLS requires all residential listings to be submitted within 48 hours from midnight of the contract date. If a seller does not want their property to be disseminated by the MLS you are required to submit a copy of the listing contract along with an Exclusion Form - MLS #6 within 48 hours from midnight of the listing date. Offices are invoiced $50 per Exclusion. If at a later date the seller(s) instructs the listing broker to put the property in the MLS, the office will be given a $30 credit. If the property is entered into the MLS after it has sold and closed the listing office will be given a $30 credit for reporting the sale. DO NOT FAX Exclusions to the MLS – PLEASE mail them. If you have any questions please call or e-mail Lynne (email@example.com) at the MLS office.
Withdrawn vs. Expired.
Withdrawn: When a property is Withdrawn from the MLS it indicates that the listing broker stills has a legal, valid, binding contract with the seller(s). However, for whatever reason, the seller no longer wants the property marketed through the MLS. The listing will expire on its original expiration date. If the seller signs a listing contract with another broker during the remainder of your contract, the seller could have liabilities to both brokers, among other issues.
Expired: When a property is expired in the MLS it indicates that the listing broker no longer has a legal, valid, binding contract with the seller(s). If you release the sellers from the contract you should expire the listing in the flexMLS system.
No Showings Until . . . MLS Rules require that residential listings be submitted to the MLS within 48 hours of the listing date. The listing date is the TERM OF THE CONTRACT date on the listing contract. If the seller(s) does not want the property entered into the MLS within 48 hours, you are required to submit a copy of the listing contract along with a “Request to be Excluded Form” (MLS Form 6). If however, the seller(s) do want the property entered into the MLS but, do not want to start showings until a specified date, you should do the following:
1. The listing contract should indicate, per the seller(s) request, that there are no showings until xx/xx/xx (a specific date). This can appear in Additional Provisions or in an amendment, as appropriate.
2. Under the “Showing Instructions” you should indicate “No Showings Until xx/xx/xx (specific date).
3. There should be NO SHOWINGS BY ANYONE, including anyone from the listing office, until the date specified by the seller in the listing agreement.
As a common courtesy, you should keep track of those Realtors who are interested in the property. If the “No Show” date should change, you should contact those Realtors and change the date in the “Showing Instructions”.
If the sellers are no longer showing their property (No showings until further notice) you should either expire or withdraw the listing from the MLS.
The MLS appreciates your business and support and looks forward to your comments, questions and suggestions regarding any subject. Contact InMyOpinion@metromls.com or call (414) 778-5400.