Don’t Put Conditions (other than procuring cause) on Coop Compensation in MLS

//Don’t Put Conditions (other than procuring cause) on Coop Compensation in MLS

Don’t Put Conditions (other than procuring cause) on Coop Compensation in MLS

Section 5, Compensation Specified on Each Listing, in the NAR Model MLS Rules provides in pertinent part that compensation “…offers are unconditional except that entitlement to compensation is determined by the cooperating broker’s performance as the procuring cause of the sale (or lease)…”

It can be a potential MLS rules violation to do otherwise.

Posted by : Byron King on 9/12/18 (This information is only accurate as of 9/12/18. You must contact SCR for updates and changes to this information after 9/12/18 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)

By |2018-09-12T10:43:38+00:00September 12th, 2018|Legal FAQs|0 Comments

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