Section 1.3 Purpose

The Multiple Listing Service operated by CVR MLS is:

  1. a facility for the orderly compilation and dissemination of Listing information through which Participants may better serve their clients, and customers and the public;
  2. a means by which authorized Participants make blanket unilateral offers of compensation to other Participants (acting as buyer agents, or in other agency or non-agency capacities defined by law);
  3. a means of facilitating cooperation among Participants;
  4. a means by which information is accumulated and disseminated to enable authorized Participants to prepare appraisals, analyses, and other valuations of real property for bona fide clients and customers;
  5. a means by which Participants engaging in real estate appraisal contribute to common databases

Entitlement to compensation is determined by the cooperating broker’s performance as procuring cause of the sale (or lease).

Practice Note: The offer of compensation made through the MLS is a contractual agreement between the listing participant and the cooperating broker who is the procuring cause. All offers of compensation are unconditional and may not be alter once an offer has been presented. Clients do not have the ability to determine or direct who will or will not be compensated.

Article 1: ORGANIZATION AND PURPOSE

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