Section 5.25 Listing Release Prior to Expiration
If a Listing Participant and a Seller, by mutual written agreement, release an Exclusive Right to Sell or Exclusive Agency Listing prior to the expiration of the agreement, the Listing Participant must change the status of the Listing to “released” in the CVR MLS system within five (5) days of the release ratification.
Sellers do not have a unilateral right to require CVR MLS to remove a Listing from Active status without the Listing Participant’s concurrence. However, when a Seller can document that his exclusive relationship with the Listing Participant has been terminated or released, CVR MLS shall remove the Listing from Active status at the request of the Seller.
Practice Note: All releases (conditional and unconditional) must be signed by the Seller and Listing Participant (Principal or Managing Broker)
Article 5: LISTING PROCEDURES- Section 5.1 Listings Subject to CVR MLS Rules and Regulations
- Section 5.5.1 Disclosure of Potential Short Sales
- Section 5.1.2 Coming Soon Status – Terms and conditions of use
- Section 5.2 MLS Property Types
- Section 5.2.1 Voluntary Listing Submission
- Section 5.3 Listing Types
- Section 5.4 Seller Authorization and Forms
- Section 5.4.1 Legally Required Seller Disclosure Forms
- Section 5.5 Entry of Listing Content
- Section 5.6 Incomplete/Inaccurate Listing Content
- Section 5.6.1 Identification of Seller
- Section 5.6.3 Property Address
- Section 5.6.2 Identification of Square Footage Source (Resale)
- Section 5.7 General Remarks Field
- Section 5.7.1 Open House Information
- Section 5.8.1 Photo Entry Date
- Section 5.8 Photographs and Virtual Tours
- Section 5.7.2 Adjacent Lots
- Section 5.8.2 Virtual Staging
- Section 5.9 Office Exclusive or Delayed Entry Listings
- Section 5.9.1 Clear Cooperation Policy
- Section 5.10 Delayed Showing
- Section 5.11 Designation of Listing Type
- Section 5.12 Named Prospects Exempted
- Section 5.13 Compensation
- Section 5.13.1 Structured Compensation Terms
- Section 5.14 Listing Price Specified
- Section 5.15 Listing Termination Date
- Section 5.16 Possession Date
- Section 5.17 Participant or Subscriber as Principal
- Section 5.18 Participant or Subscriber as Purchaser
- Section 5.19 Personal Property
- Section 5.20 Contingent Conditions or Special Terms
- Section 5.21 Reporting Contingency Resolution
- Section 5.22 Multiple Unit Properties
- Section 5.23 Listing Changes
- Section 5.24 Listing Withdrawal Prior to Expiration
- Section 5.25 Listing Release Prior to Expiration
- Section 5.26 (Repealed 6/2019)
- Section 5.27 Expiration, Extension and Renewal of Listings
- Section 5.28 Solicitation of Listings
- Section 5.29 Listing Duplication
- Section 5.30 Pre-construction/To Be Built Homes
- Section 5.31 Auction Properties
- Section 5.32 Co-Exclusive Listings
- Section 5.33 Re-Use of Listing Photos and Content
- Section 5.34 Septic Systems and Bedroom Count
- Section 5.35 HUD/Foreclosure Listings
- Section 5.36 Compliance Audits
- Section 5.37 SOLD NON-MLS LISTING