Best Practices: MLS Documents Verbiage

 

Showings

Seller and Listing Broker agree that no showings will be permitted until _______ (date) at _____ (time).

 

Seller and Listing Broker agree that no showings will be permitted until after the Open House on _______________ (date) at __________________ (time). However, cooperating brokers and their clients are welcome to attend the open house.

 

For Listing Agreement:___________________ (agent name) is excluded from showing this property.

For MLS: **Please do not post a statement on the MLS, but rather send an email message to the excluded agent and his/her broker stating that:
I regret to inform you that the homeowner of the property located at _______________________ (listed property address) has respectfully requested that _______________________ (agent name) is excluded from showing this property. Thank you for your understanding and cooperation.

 

 

 

Highest & Best 

Please submit your highest and best offer. Seller and Listing Broker agree that all offers will be presented to Seller on _______________ (date) at _______________ (time).

 

Please submit your highest and best offer. The seller is considering offers as they are received, but will not consider offers received after _______________ (date) at _______________ (time).

 

 

Compensation

A bonus in the amount of $____________ will be paid to the selling broker in the event that the transaction closes prior to _______________________ (date).

 

No commission to be paid if sold to _________________ (name of relocation company).

 

Commission to be paid based upon sale price less any seller concessions.

 

For Listing Agreement: Dual commission arrangement exists  _______________ (insert amount as percentage of the sale price or flat fee)

For MLS: Dual commission arrangement exists.

 

 

Miscellaneous

For listing agreement: This listing to be withdrawn if home located at _________________ sells first.

For MLS:  This listing to be withdrawn if home known to listing agent sells first.

 

For listing agreement: Reserved buyer for five days. Name of buyer is _______________________.
For MLS: Reserved buyer for five days.

 

Seller is the owner by purchase agreement. A copy of the purchase agreement has been provided to the MLS.

 

The sale of this property is subject to the lender’s approval of a short sale.

 

Seller is a licensed real estate agent. or Listing agent has an ownership interest in this property.

 

Seller will pump septic tanks only if the inspector/evaluator indicates that it is necessary. Buyer’s agents are encouraged to write offers accordingly.

 

Seller is not accepting letters from buyers.