Entry-Only
Listing Agreements, CCMLS Compensation
TYPES OF
LISTING AGREEMENTS:
-
The PPMLS does not dictate what type of listing
agreement is entered into between the broker and the
seller. However, the PPMLS will only accept
Exclusive Right to Sell, Lease, or Exchange or
Exclusive Agency listings. The PPMLS does not
accept “open” or “net” listings.
SERVICE
LEVELS:
-
The PPMLS accepts Full Service, Limited Service, and
Entry-Only listings, but only when the listing
broker has secured either an Exclusive Right to Sell,
Lease or Exchange, or an Exclusive Agency listing
agreement.
Listings that have been submitted to the PPMLS in
the absence of an Exclusive Right to Sell, Lease or
Exchange, or an Exclusive Agency listing agreement will
be deleted from the PPMLS database.
As an example, if a broker has entered into a “marketing
agreement” with a seller, and has input the property
into the PPMLS as an EO-Entry Only listing, that listing
will be deleted from the PPMLS database if it has not
been secured by either an Exclusive Right to Sell,
Lease, or Exchange, or an Exclusive Agency listing
agreement.
COMPENSATION:
-
The PPMLS is a means by which authorized Participants
make blanket unilateral offers of cooperation and
compensation to other Participants.
Such offers are unconditional except the
entitlement to compensation is determined by the
cooperating broker’s performance as the procuring cause
of the sale (or lease or exchange) or as otherwise
provided for in the rules.
CCMLS – Colorado Cooperative MLS listings. Through a
license agreement with Participating MLSs, listings from
these MLSs are exchanged and their Participants’
offers of cooperation and compensation are extended
to Participants of the Participating MLSs.
Some brokers use listing agreements with addendums that
state that the unilateral offer of compensation is not
extended when the procuring cause agent participates in
another MLS. Please note that these clauses are
not applicable to properties offered through the CCMLS!
IF YOU SUSPECT THAT A BROKER IS IN
VIOLATION OF THESE OR OTHER PPMLS RULES, YOU MAY SUBMIT A
COMPLAINT TO
violations@ppar.org.
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