What does a Multiple Listing Clause require?

What does a Multiple Listing Clause require?

• A. Open Listing
• B. Agency Coupled With Interest
• C. Protection & Safety Clause
• D. Multiple Listing Clause

Answer: (D)

A Multiple Listing Clause is about ensuring cooperation through the MLS. It requires that the property be listed in the Multiple Listing Service so other licensed agents can see it, show it, and bring qualified buyers. By placing the listing in the MLS, the listing broker agrees to work with other brokers and to share the commission according to MLS rules. This broadens exposure beyond a single agent or office and makes it easier to find a buyer. The other ideas refer to different concepts: an open listing is non-exclusive and not tied to the MLS; agency coupled with interest describes a broker having a financial stake in the property rather than a cooperative listing; a protection & safety clause deals with showing protections and does not involve MLS participation.

A Multiple Listing Clause is about ensuring cooperation through the MLS. It requires that the property be listed in the Multiple Listing Service so other licensed agents can see it, show it, and bring qualified buyers. By placing the listing in the MLS, the listing broker agrees to work with other brokers and to share the commission according to MLS rules. This broadens exposure beyond a single agent or office and makes it easier to find a buyer. The other ideas refer to different concepts: an open listing is non-exclusive and not tied to the MLS; agency coupled with interest describes a broker having a financial stake in the property rather than a cooperative listing; a protection & safety clause deals with showing protections and does not involve MLS participation.