LISTING AGREEMENT FORM. A Participant may use any form of contract for the listing of real property for sale, lease or exchange as the Participant may select. The form of all listing agreements for which a Property Data Sheet is submitted hereunder shall, however, include the authorization of the seller(s) to submit a Property Data Sheet to the Association and to make it possible for the listing Participant to offer compensation to the other Participants of the MLS acting as subagents, buyer agents, or both, and shall adequately protect the interests of the seller(s), the listing Participant, other Participants, and the public. No such form of listing agreement shall establish, directly or indirectly, any contractual relationship between the Association and the seller(s). No Property Data Sheet shall be submitted for and no MLS listing may be created for any "open" or "net" listing arrangement or any property subject to sale at auction unless such auction property is owned by the U.S.
LISTING AGREEMENT FORM. A Participant may use any form of contract for the listing of real property for sale, lease or exchange as the Participant may select. The form of all listing agreements for which a Property Data Sheet is submitted hereunder shall, however, include the authorization of the seller(s) to submit a Property Data Sheet to the Association and to make it possible for the listing Participant to offer compensation to the other Participants of the MLS acting as subagents, buyer agents, or both, and shall adequately protect the interests of the seller(s), the listing Participant, other Participants, and the public. No such form of listing agreement shall establish, directly or indirectly, any contractual relationship between the Association and the seller(s). No Property Data Sheet shall be submitted for and no MLS listing may be created for any "open" or "net" listing arrangement or any property subject to sale at auction unless such auction property is owned by the U.S. Department of Housing and Urban Development. All exclusive agency listings for which a Property Data Sheet is submitted to the Association shall contain a provision in writing obligating the seller(s) to notify the listing Participant in writing of the name of any person(s) who the seller(s) intends to claim as being exempt from the listing agreement prior to the time the listing Participant or any other Participant introduces that person(s) to the property.
