Rental Property Investor · Worcester, MA · Member since 2013 · 137 posts · 36 votes
I just recently got my real estate license and through a referal now have a client who wants to list their property. This is in Worcester, Massachusetts. I have met the client at the property and they are planning on doing some clean-up before the property is listed on the MLS. Someone told me that once I have my client sign a contact (Listing Agreement) that I am obligated to list the property on the MLS within 24 hours. Is this true?
Basically, I want to get the client to sign a contract so I can move forward but I am not sure if there is such a requiremnt to list the property 24 hours after signing a contract.
Foreclosure Specialist · Atlanta Georgia · Member since 2014 · 25 posts · 12 votes
11y
Broker participants and their agents must input exclusive right to sell or exclusive agency listings on one to four unit residential property and vacant residential lots located within the service area of the MLS within 72 hours (with no exceptions for weekends, holidays and postal holidays) after all necessary signatures of seller(s) have been obtained on the listing (7.5) or they will be fined.
I did find the MLS rules and regulations for Massachusetts and it does talk about having to list the property with MLS 24 hrs after signing a contract. But it also talks about a Delayed Listing Form as well that can be done. It says there does not have to be a date for this set when doing a Delayed Listing. I need to do some more reading on what is required.
I did find the MLS rules and regulations for Massachusetts and it does talk about having to list the property with MLS 24 hrs after signing a contract. But it also talks about a Delayed Listing Form as well that can be done. It says there does not have to be a date for this set when doing a Delayed Listing. I need to do some more reading on what is required.
Mike
Yes exactly.
Don't over think it. Your brokerage should either have the form or you can get it off of the MLSPIN website I'm sure.
I am looking at it right now as it is in my agent forms folder. Simple 1 page doc you fill out and have them sign. You then just send it to MLSPIN within 24 hours and you are good.
If you have a agreed upon date put it in but if not you don't have to.