Common use of NOTIFICATION UPON MUTUAL ACCEPTANCE OF OFFER Clause in Contracts

NOTIFICATION UPON MUTUAL ACCEPTANCE OF OFFER. To protect sellers from commission disputes/arbitration, compliance with MLS rules is mandatory. Within 12 hours of mutual acceptance of a purchase and sale agreement, Seller must send to MLS4OWNERS the first page of that agreement so MLS4OWNERS can report to MLS members the date of mutual acceptance, the name of the buyer’s broker, and the status of contingencies (the mutually accepted price does not become visible to brokers until after the sale closes). Seller shall also notify MLS4OWNERS within one day when sales contingencies are satisfied or waived, as well the date and final sales price when the sale closes. If failure to notify MLS4OWNERS of status changes results in MLS4OWNERS being fined by a multiple listing service, that amount will be charged to the seller. If you are using a personalized home page on the MLS4OWNERS web site, please also update your status on that page.

NOTIFICATION UPON MUTUAL ACCEPTANCE OF OFFER. To protect sellers from commission disputes/arbitration, compliance with MLS rules is mandatory. Within 12 hours of mutual acceptance of a purchase and sale agreement, Seller must send to MLS4OWNERS the first page of that your agreement so MLS4OWNERS can report to MLS members the date of mutual acceptance, the name of the buyer’s broker, and the status of contingencies (the mutually accepted price does not become visible to brokers until after the sale closes). Seller shall also notify MLS4OWNERS within one day when sales contingencies are satisfied or waived, as well as the date and final sales price when the sale closes. If failure to notify MLS4OWNERS of status changes results in MLS4OWNERS being fined by a multiple listing service, and/or disciplined by DOL, that amount will be charged to the seller. If you are using a personalized home page on the MLS4OWNERS web site, please also update your status on that pagestatus.

NOTIFICATION UPON MUTUAL ACCEPTANCE OF OFFER. To protect sellers from commission disputes/arbitration, compliance with MLS rules is mandatory. Within 12 hours of mutual acceptance of a purchase and sale agreement, Seller must send to MLS4OWNERS the first page a copy of that agreement your purchase and sale agreement, so MLS4OWNERS can report to MLS members the date of mutual acceptance, the name of the buyer’s broker, and the status of contingencies (the mutually accepted price does not become visible to brokers until after the sale closes). Seller shall also notify MLS4OWNERS within one day when sales contingencies are satisfied or waived, as well as the date and final sales price when the sale closes. If failure to notify MLS4OWNERS of status changes results in MLS4OWNERS being fined by a multiple listing service, and/or disciplined by XXXX, that amount will be charged to the seller. If you are using a personalized home page on the MLS4OWNERS web site, please also update your status on that pagestatus.