MRIS, Oct. 27, 2008-MRIS accepts the following types of listings:An “Exclusive Right to Sell” listing agreement is used when the Seller authorizes the listing Principal Broker to cooperate with, and to compensate, other Principal Brokers, and reserves to the Principal Broker the right to compensate regardless of who sells the property.
Exclusive Agency Listing Agreements authorizes the Listing Broker to cooperate with and to compensate other brokers and reserves to the seller the general right to sell the property on an unrestricted basis.
Modified Exclusive Listing Agreements are used when one of the above types contains modifications to the listing agreement. Examples of modified agreements include the exclusion of specific purchaser(s), exclusion of specific brokerage(s), or Variable Rate Compensation.
Open Listings and Net Listing are not allowed in MRIS.
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