Revised Forms & Contracts are Now Available following new MLS Listing Display Options.
Last month, we announced that MRED was introducing new required listing fields which will impact how your listings are displayed on 3rd-party websites outside of the MLS. These updates impact both private and standard listings and include changes to Virtual Office Website (VOW) feeds and Internet Data Exchange (IDX) feeds.
These new listing display controls are now live within MRED. Read our previous blog post to review a detailed breakdown of the changes in the MLS and related updates to our Forms & Contracts.
Additional Updates:
The termination sections of both the For Sale and For Rent listing agreements were revised so that before the termination of the agreement is deemed effective, a seller/landlord must pay any amounts owed to the brokerage under the agreement. Previously, this section stated that any money owed to the brokerage must be paid within five business days of the termination.
As a result of this update, the forms that can be used to facilitate the termination of a brokerage agreement have also been updated.
Access the updated forms from our member-exclusive Forms & Contracts page:
- Exclusive Right to Selling Listing Agreement
- Exclusive Rental Listing Agreement
- Private Listing Status Authorization
- Termination of Listing Agreement
- Termination of Representation Agreement