Common use of Cancellation of Listing Prior to Expiration Clause in Contracts

Cancellation of Listing Prior to Expiration. Listings of property may be canceled from the multiple listing service by the listing broker before the expiration date of the listing agreement, provided notice is filed with the service.. A listing cannot be canceled and relisted by the same brokerage prior to the expiration date of the original listing. If a listing is withdrawn temporarily, the original listing must be reactivated rather than entered as a new listing. When a listing is canceled and all necessary signatures have been obtained on a cancellation agreement, the listing may be changed to reflect the date on the cancellation agreement. L Sellers do not have the unilateral right to require an MLS to withdraw or cancel a listing without the listing broker’s concurrence. However, when a seller(s) can document that his exclusive relationship with the listing broker has been terminated, the multiple listing service may cancel the listing at the request of the seller. M

Appears in 4 contracts

Samples: Rules & Regulations, Rules & Regulations, Rules & Regulations

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