Common use of Multiple Listing Service Clause in Contracts

Multiple Listing Service. A) Submission: BROKER will electronically input or deliver this Agreement and the MLS Property Profile Form to Bright MLS and/or MLS, within forty eight (48) hours of the effective date of the listing, after all necessary signatures of SELLER/LANDLORD have been obtained and the listing term has begun. BROKER is required to electronically input or deliver to Bright MLS, and/or other MLS providers within Three (3) business days, all changes of the status to this Agreement, including the reporting of Under Contract, Pending Contract, Settled (including sale price), Withdrawn or Temporarily Withdrawn. Any change in listing price or other change in the original Agreement shall be made only when authorized, in writing, by SELLER/LANDLORD. B) Listing of Address and Display of Property on the Internet: 1. SELLER/LANDLORD Does authorize Does not authorize the Property to be displayed on the Internet. 2. SELLER/LANDLORD the Internet. Does authorize Does not authorize the address of the Property to be displayed on SELLER/LANDLORD understands and acknowledges that, if the Property is not displayed on the Internet, consumers who conduct searches for listings on the Internet will not see information about the Property in response to their search. C) Virtual Office Web Site(s): There are many ways of marketing properties electronically. Some brokers may use a method called a virtual office web site (also known as a VOW), which is governed by specific rules and policies. SELLER/LANDLORD has the right to control some elements of how the Property is displayed on a virtual office web site. If SELLER has authorized in “B” above to have the Property displayed on the Internet, SELLER/LANDLORD elects to have the following features disabled or discontinued for SELLER'S/LANDLORD'S listing on a virtual office web site (check all that apply): D) MLS Communication: BROKER shall communicate to the MLS all of SELLER'S/LANDLORD'S elections made in “B” & “C” above. 1 | Page

Multiple Listing Service. A) Submission: BROKER will electronically input Agent is a member and Participant of the Association of REALTORS® Multiple Listing Service (“MLS”). The MLS is a database of properties for sale that is available and disseminated to and accessible by all other real estate agents who are participants or deliver this Agreement and subscribers to the MLS. Property information submitted to the MLS Property Profile Form also described the price, terms and conditions under which the Seller’s property is offered for sale (including but not limited to Bright MLS and/or MLS, within forty eight (48) hours of the effective date of the listing, after all necessary signatures of SELLER/LANDLORD have been obtained and the listing term has begunbroker’s offer of compensation to other brokers). BROKER It is required likely that a significant number of real estate practitioners in any given area are participants or subscribers to electronically input or deliver the MLS. The MLS may also be part of a reciprocal agreement to Bright which other multiple listing services belong. Real estate agents belonging to other multiple listing services that have reciprocal agreements with the MLS also have access to the information submitted to the MLS, and/or other MLS providers within Three (3) business days, all changes of the status to this Agreement, including the reporting of Under Contract, Pending Contract, Settled (including sale price), Withdrawn or Temporarily Withdrawn. Any change in / Seller understands that listing price or other change property in the original Agreement shall be made only when authorized, in writing, by SELLER/LANDLORD. B) Listing of Address MLS and Display of Property displaying the Seller Initials listing information on the Internet: 1. SELLER/LANDLORD Does authorize Does not authorize Internet (and VOWs) exposes the Property to be displayed brokers and agents who access the MLS listing data and consumers who visit Internet websites that display listings and who register on VOWs. / Seller understands that allowing blogging regarding a listed property Seller Initials provides opportunities for individuals to publish opinions regarding the Internet. 2. SELLER/LANDLORD Property, both positive and negative, which may affect the Internet. Does authorize Does not authorize the address desirability of the Property in the mind of a consumer. / Seller understands that allowing access to be displayed on SELLER/LANDLORD understands and acknowledges that, if the Property is not displayed on the Internet, consumers who conduct searches for listings on the Internet will not see information about the Property in response to their search. C) Virtual Office Web Site(s): There are many ways of marketing properties electronically. Some brokers may use a method called a virtual office web site (also known as a VOW), which is governed by specific rules and policies. SELLER/LANDLORD has the right to control some elements of how from an Automated Seller Initials Valuation Model when the Property is displayed on the Internet (or a virtual office web siteVOW) provides valuation opinions regarding the Property which may or may not be accurate or favorable to Seller and which may affect the desirability of the Property in the mind of a consumer. If SELLER / Seller understands that Seller has authorized the right to “opt-out” from having the Seller Initials Property listed in the MLS. / Seller understands that Seller has the right to “Bopt-out” above from having the Seller Initials Property listing displayed on any Internet sites or, alternatively can “opt-out” of having the Property address displayed on any Internet sites. / Seller understands that if an election is made to have opt out of having the Seller Initials listing displayed on VOWs, it may not be shown on any Internet sites. / Seller understands that Seller has the right to “opt-out” from allowing Seller Initials blogging regarding the Property displayed on the Internet, SELLER/LANDLORD elects Internet (or a VOW). / Seller understands that Seller has the right to have “opt-out” from allowing Seller Initials Automated Valuation Model information available regarding the following features disabled Property displayed on the Internet (or discontinued for SELLER'S/LANDLORD'S listing on a virtual office web site (check all that apply): D) MLS Communication: BROKER shall communicate to the MLS all of SELLER'S/LANDLORD'S elections made in “B” & “C” aboveVOW). 1 | Page

Multiple Listing Service. A) Submission: BROKER will electronically input or deliver this Agreement and the MLS Property Profile Form to Bright MLS and/or MLS, MLS within forty forty-eight (48) hours of the effective date of the listing, after all necessary signatures of SELLER/LANDLORD have been obtained and the listing term has begun. BROKER is required to electronically input or deliver to Bright MLS, and/or other the MLS providers provider within Three three (3) business days, days all changes of the status to this Agreement, including the reporting of Under Contract, Pending Contract, Settled (including sale or rental price), or Withdrawn or Temporarily Withdrawn. Any change in the listing price or other change in the original Agreement shall be made only when authorized, in writing, by the SELLER/LANDLORD. B) Listing of Address and Display of Property on the Internet: 1. SELLER/LANDLORD Does authorize Does not authorize the Property to be displayed on the Internet. 2. SELLER/LANDLORD the Internet. Does authorize Does not authorize the address of the Property to be displayed on SELLER/LANDLORD understands and acknowledges that, if the Property is not displayed on the Internet, consumers who conduct searches for listings on the Internet will not see information about the Property in response to their search.on C) Virtual Office Web Site(s): There are many ways of marketing properties electronically. Some brokers may use a method called a virtual office web site website (also known as a VOW), which is governed by specific rules and policies. The SELLER/LANDLORD has the right to control some elements of how the Property is displayed on a virtual office web site. If SELLER the SELLER/LANDLORD has authorized in “"B” " above to have the Property displayed on the Internet, SELLER/LANDLORD elects to have the following features disabled or discontinued for SELLER'SSELLER’S/LANDLORD'S ’S listing on a virtual office web site (check all that apply): D) MLS Communication: BROKER shall communicate to the MLS all of SELLER'SSELLER’s/LANDLORD'S ’S elections made in “"B” " & “C” above. 1 | Page

Multiple Listing Service. A) Submission: BROKER will electronically input Agent is a member and Participant of the Association of REALTORS® Multiple Listing Service (“MLS”). The MLS is a database of properties for sale that is available and disseminated to and accessible by all other real estate agents who are participants or deliver this Agreement and subscribers to the MLS. Property information submitted to the MLS Property Profile Form also described the price, terms and conditions under which the Seller’s property is offered for sale (including but not limited to Bright the listing broker’s offer of compensation to other brokers). It is likely that a significant number of real estate practitioners in any given area are participants or subscribers to the MLS. The MLS and/or may also be part of a reciprocal agreement to which other multiple listing services belong. Real estate agents belonging to other multiple listing services that have reciprocal agreements with the MLS also have access to the information submitted to the MLS, within forty eight . Internet Data Exchange (48) hours “IDX”): Participants and subscribers of the effective date MLS may display on their Internet websites the aggregated active MLS listing information, subject to certain rules and regulations, unless the seller specifically directs the Agent not to list the Property in the MLS. VOWs: Participants of the listingMLS may operate virtual office websites (“VOWs”) where they may, after all necessary signatures of SELLER/LANDLORD subject to the participant’s oversight, supervision, and accountability, provide brokerage services and make MLS active listing data available to registered consumers who have been obtained and established a relationship with the listing term has begun. BROKER is required participant, unless the seller specifically directs the Agent not to electronically input or deliver to Bright MLS, and/or other MLS providers within Three (3) business days, all changes of display the status to this Agreement, including the reporting of Under Contract, Pending Contract, Settled (including sale price), Withdrawn or Temporarily Withdrawn. Any change in listing price or other change in the original Agreement shall be made only when authorized, in writing, by SELLER/LANDLORD. B) Listing of Address and Display of Property on the Internet: 1VOWs. SELLER/LANDLORD Does authorize Does not authorize Effect of Exclusion of Property from the MLS, Internet /VOWs: If Seller elects to exclude the Property from the MLS (and IDX) and the Internet (and VOWs), real estate agents and brokers from other real estate offices and their buyer clients who have access to that MLS, and consumers may not be displayed on the Internet. 2. SELLER/LANDLORD the Internet. Does authorize Does not authorize the address of the Property to be displayed on SELLER/LANDLORD understands and acknowledges that, if aware that the Property is not displayed on offered for sale, the Internet, consumers who conduct searches for listings on the Internet Property will not see information be included in MLS downloads to various real estate internet sites used by the public to search for property listings, and real estate agents, brokers and consumers may be unaware of the terms and conditions under which Seller is marketing the Property. Blogging: Internet websites and VOWs may provide blogging features which allow individuals to type in comments and opinions about the Property in response to their search. C) Virtual Office Web Site(s): There are many ways of marketing properties electronicallyProperty. Some brokers may use These remarks could be positive or negative, and might encourage or discourage a method called potential buyer or a virtual office web site (also known as broker or agent from bringing a VOW), which is governed by specific rules and policies. SELLER/LANDLORD has the right to control some elements of how the Property is displayed on a virtual office web site. If SELLER has authorized in “B” above to have the Property displayed on the Internet, SELLER/LANDLORD elects to have the following features disabled or discontinued for SELLER'S/LANDLORD'S listing on a virtual office web site (check all that apply): D) MLS Communication: BROKER shall communicate potential buyer to the MLS Property. Automated Valuation Models: Internet websites and VOWs may provide for display of property value information when a property listing is being displayed. The valuation information may not take into consideration all the positive and negative features of SELLER'S/LANDLORD'S elections made in “B” & “C” abovethe property, the location, the current market or other factors. This valuation information could be positive or negative, and might encourage or discourage a potential buyer or a broker or agent from bringing a potential buyer to the Property. 1 | Page