Common use of LIMITED SERVICE LISTINGS Clause in Contracts

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: a. 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. b) advise the seller(s) as to the merits of offers to purchase c. 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.