If two brokers are involved, isn`t that an open list? A consensus has emerged that the three co-exclusive listings in the service can remain there today for the duration of the initial contract without renewal. Any listing broker can continue to use the co-exclusive listing concept and extend these individual listings with sellers, but all references to the MLS submission must be removed, as the listing ends when the contract term expires. When it comes to the common listing of a property, there are minor but significant differences from the paper requirements. These requirements depend on the brokers who jointly list the property and the agency models they have. It is unrealistic, problematic and places a great responsibility on the MLS board to make decisions on other benchmark agreements in this way. The rules currently state that MLS must accept the exclusive right to sell listing contracts and exclusive agency listing contracts and can accept other forms of agreement. In addition, the MLS Board of Directors has closely reviewed our current rules and the service rules still apply to “the” listing broker. It is clear that only a broker can enter an entry into the multiple listing service database. Not all brokers accept a co-listing agreement, as it affects their commission, especially when a buyer is used by a third broker. Maybe, but maybe not. Many states have set co-exclusive listings in their real estate laws, while Massachusetts has not.
The National Association of REALTORS®, author of our MLS rules and regulations, has developed guidelines for accepting or denying co-exclusive entries into MLS based exclusively on the definition of state law. . . .