Rules Roundup: Listing Agreement
A List Agreement is the first step to entering a listing on the MLS. If you don’t have one, you should not enter the listing on NorthstarMLS. Entering a listing without a listing agreement is considered a serious violation with a fine of $1,000 for a first offense.
The listing agreement authorizes the listing broker to cooperate with and to compensate other brokers. NorthstarMLS does not dictate the form of the agreement, except that:
1. The listing agreement must adequately protect the interest of the public and the participants.
2. The listing agreement must not establish, directly or indirectly, a contractual relationship between NorthstarMLS and the client (buyer or seller).
3. The listing agreement must include the seller’s written authorization in order to submit the agreement to the MLS.
Contact the Rules Department with any questions at 651-251-3210.