Section 5.5.1 Disclosure of Potential Short Sales
Participants may, but are not required to, disclose potential short sales (defined as a transaction where title transfers, where the sale price is insufficient to pay the total of all liens and costs of sale and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies) to other participants and subscribers.
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 5.2 MLS Property Types
- Section 5.1.2 Coming Soon Status – Terms and conditions of use
- 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 5.7 General Remarks Field
- Section 5.6.2 Identification of Square Footage Source (Resale)
- Section 5.8.1 Photo Entry Date
- Section 5.7.1 Open House Information
- 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 5.11 Designation of Listing Type
- Section 5.10 Delayed Showing
- Section 5.12 Named Prospects Exempted
- Section 5.13 Compensation Offers Prohibited
- 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- Section 5.26 (Repealed 6/2019)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 5.31 Auction Properties
- Section 5.30 New Construction
- Section 5.33 Re-Use of Listing Photos and Content
- Section 5.32 Co-Exclusive Listings
- 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
- Section 5.38 Non-filtering of Listings
- Section 5.39 Written Buyer Broker Agreements Required