Article 05.04: Listing Types Not Accepted

Section 4: Listing Types Not Accepted

Stellar MLS does not accept the following types of listings:

A. Net Listings:  A Net Listing is an agreement to pay the owner(s) of record a “net” price for their property regardless of the sales price.

B. Open Listings:  An Open Listing is expressed or implied. Since it is not in writing, it does not include authorization to cooperate and compensate other brokers and offers a disincentive for cooperation.