Contingency Applicable to Listing
(Article 4.15)
When a contract on a property includes a Right of First Refusal clause, the property will be allowed to remain in an active status only if a change is submitted to MFRMLS. The first line of the Marketing Remarks must state:
“Contingency, Contract Pending – Right of First Refusal. Call Listing Office.”
All listings with an executed contract must be changed to “pending” status within two business days, with the exception of Right of First Refusal. Properties with any other contingencies are not allowed to remain in active status. Pending status must be chosen and additional items may be selected under the Contract Status field. For example, if the sellers wish to solicit back up offers, this option is available under the Contract Status field.
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