Listing Types
(Article 4.2)
Participants in MFRMLS may submit the following types of listing(s) forms:
- Exclusive Right of Sale - The Exclusive Right of Sale Listing in which the Listing Participant is authorized by the seller(s) to cooperate with and to compensate other brokers. It gives the Listing Participant the right to sell the property and to collect a commission if the property is sold by anyone, including the owner, within the listing period.
- Exclusive Agency - The Exclusive Agency Listing authorizes the Listing Participant, as exclusive agent, to offer cooperation and compensation on a blanket unilateral basis, but also reserves for the seller the right to sell the property themselves and not be obligated to pay a commission.
- Limited Service Listings – Listing Participant will place listing in the MLS and will provide limited services.
The listing agreement must include the seller’s written authorization to submit the agreement to the MFRMLS.
