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Emerald
Coast |
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The MLS Rules include sections that describe four services that may or may not be offered by a listing brokerage within a listing agreement. They are:
a) accepting and presenting to the seller(s) offers to purchase procured by cooperating brokers
b) advising the seller(s) as to the merits of offers to purchase;
c) assisting the seller(s) in developing, communicating, or presenting counter-offers; and
d) participating on the sellers(s) behalf in negotiations leading to the sale of the listing property
A field on residential listing labeled "Limited Service Listing?" requires one of three choices be selected based on which of these services is offered. The choices are:
NO - Select this choice when all of the services are included by the listing brokerage.
YES - LIMITED SERVICE - Select this choice when one or more of the above services are not being offered by the listing brokerage.
YES - MLS ENTRY ONLY - Select this choice is none of the above services are being offered by the listing brokerage.