Section 7.12 First Right of Refusal

First Right of Refusal Listings subject to a ratified contract containing a First Right of Refusal contingent upon the sale of real property may remain active in the MLS database. The First Right field must be completed and the details of the first right entered into agent only remarks within five (5) days of contract ratification. Once the First Right of Refusal contingency has been removed, the listing status must be updated to pending within  five (5) days of the contingency removal. Rev 4/17

Article 7: SHOWING AND SELLING PROCEDURES

←Back to the Table of Contents