Exclusive agency agreements help everyone
(Source) The FTC has now settled with five MLS systems that did not allow brokers to post listings with anything other than exclusive-right-to-sell listing contracts. From this point forward exclusive agency agreements can be used with MLS systems based in Loveland, CO; Concord, NH; Williamsburg, VA; Appleton, Oshkosh, and Fond du Lac, Wisconsin; and Monmouth and Ocean Counties in New Jersey. Two Michigan MLS systems that did not agree to the FTC proposals face administrative complaints, matters that will be contested in the court system.
We laud the FTCs decision. Not only does it ensure the survival and success of services like IHS Realty’s, but it means greater choice for consumers – and that’s more important. Sellers looking for a place to sell their homes can list on the MLS and reach 75% of the buyers in the market. That ability benefits buyers, sellers, agents and brokers, and mortgage companie. Greater choice always equals more freedom and more benefits for consumers. Chalk one up for the FTC.
See Also
- IHS Realty MLS
Leaarn more about how the MLS works
