When a seller gives permission to a broker to submit the property to the MLS, the seller is authorizing the broker to make a bla

Question

Blizzard [7]

3 years ago

8

When a seller gives permission to a broker to submit the property to the MLS, the seller is authorizing the broker to make a bla

nket unilateral offer of what to all the other members of that MLS?

Business

1 answer:

Rudiy27 · Answer 1 · 2022-04-02T22:38:09+03:00

Explanation:

MLS stands for Multiple Listing or Multiple Listing System. MLS is such a service that is built to assist various brokers in reviewing the lists of various properties in different areas. This list help others purchase their own property to their taste as well as sell their properties.

Under new regulations, when a seller permits a broker to send property to MLS, the broker can make a unilateral blanket bid to agree to accept or refuse all members of that MLS sub-agency.