LIMITED SERVICE LISTINGS Sample Clauses

LIMITED SERVICE LISTINGS. Listing agreements under which the listing broker will not provide one, or more, of the following services: a. arrange appointments for cooperating brokers to show listed property to potential purchasers but instead gives cooperating brokers authority to make such appointments directly with the seller(s) b. advise the seller(s) as to the merits of offers to purchase c. participate on the seller’s(s’) behalf in negotiations leading to the sale of the listed property will be identified with an appropriate code or symbol in MLS compilations so potential cooperating brokers will be aware of the extent of the services the listing broker will provide to the seller(s), and any potential for cooperating brokers being asked to provide some or all of these services to listing brokers’ clients, prior to initiating efforts to show or sell the property. The MLS has the right to request the listing agreement to determine if it is a valid Exclusive Agency or Exclusive Right to Sell listing and that the listing conforms to Louisiana State Law, L.S.A. R.S. 9:3891(1), with regard to agency. Once this listing has been approved by the ROAM Board of Managers and/or legal counsel it can be published through the ROAM MLS.

LIMITED SERVICE LISTINGS. Listing agreements under which the listing broker will not provide one, or more, of the following services: 1. Arrange appointments for cooperating brokers to show listed property to potential purchasers but instead gives cooperating brokers authority to make such appointments directly with the seller(s) 2. Accept and present to the seller(s) offers to purchase procured by ▇▇▇▇▇▇- ating brokers but instead gives cooperating brokers authority to present offers to purchase directly to the seller(s)

LIMITED SERVICE LISTINGS. If seller choose limited service listing, seller is responsible for the following: providing KRLLC with a copy of any and all offers & counter offers & closing statement within 24 hours of receipt. Seller is also responsible to negotiate their offer, process their paperwork, order title and payoffs. This is not the job of the buyer’s agent should there be a buyer’s agent. initial if limited service.

LIMITED SERVICE LISTINGS. If seller choose limited service listing, seller is responsible for the following: providing FFM with a copy of any and all offers & counter offers & closing statement within 24 hours of receipt. ▇▇▇▇▇▇ is also responsible to negotiate their offer, process their paperwork, order title and payoffs. This is not the job of the buyer’s agent should there be a buyer’s agent. Multiple offers: If seller has multiple offers, ▇▇▇▇▇▇ agrees to immediately notify FFM of multiple offers. ▇▇▇▇▇▇ agrees to create a “level playing field” if there are more than one offer. This means seller CANNOT play one offer over another. Seller must maintain a level playing field and cannot give one potential buyer an advantage over another possible buyer. If FFM finds seller has given an unfair advantage over other buyers, FFM can cancel this listing with no refunds immediately. initial

LIMITED SERVICE LISTINGS. If seller choose limited service listing, seller is responsible for the following: providing KRLLC with a copy of any and all offers & counter offers & closing statement within 24 hours of receipt. ▇▇▇▇▇▇ is also responsible to negotiate their offer, process their paperwork, order title and payoffs. This is not the job of the buyer’s agent should there be a buyer’s agent. initial if limited service. IF any changes are not reported to us for us to report to the MLS, we face fines which we pass to you. ▇▇▇▇▇▇ agrees to provide a copy of any fully signed offer between buyer / buyer’s agent & seller within 24 hours of signatures of buyer & seller. Broker may cancel the listing without refund when Seller does not report to KRLLC via fax or email verification of the signed sales contract within 24 hours, KRLLC will also charge sellers credit card a $25 fine. ▇▇▇▇▇▇ further agrees to provide the final closing statement when property sells within 24 hours of closing. If seller does not provide KRLLC a copy of the closing statement within 24 hours of closing seller could be charged a $50 fine. ▇▇▇▇▇▇ also agrees to pay any and all MLS fines associated with not providing the signed offers and closing statement in a timely manner. NOTE: We need to maintain accurate data in the MLS or there are possible fines usually $25 to $100 for not reporting or maintaining accuracy in the mls. Sellers credit card will be charged for any MLS fines resulting from not reporting accurate data. THIS IS VERY IMPORTANT AND YOUR DUTY AS SELLER. Initial