Help Your Clients Understand the Multiple Listing Contract
BCREA has created a video for REALTORS® to share with clients to help them better understand the Multiple Listing Contract (MLC), which is used in many real estate transactions in BC.
One of two common listing contracts in BC, the MLC is used when a seller engages a Realtor to list their property on the Multiple Listing Service (MLS). The MLC outlines the professional relationship between the Seller, the Seller's Realtor, and the Seller's Realtor's Brokerage and also outlines the terms of the listing and agreement.
You can share this video with your clients to help introduce the MLC, so your clients have the opportunity to familiarize themselves with the standard form and its purpose and contents, helping to facilitate a discussion with your clients and ensuring they are comfortable with the document prior to signing.
After watching the video, clients will be able to clearly identify the purpose of the form and its various parts, including:
- basic listing terms;
- services to be provided by the Seller's Realtor's Brokerage;
- remuneration agreements;
- and more.
With this new video, Sellers will have another way to help them better understand the Multiple Listing Contract and the terms and obligations of all parties. Everyone is better protected when they know their right and responsibilities.
To download the Multiple Listing Contract, visit WEBForms®.
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Popular tags within Standard Forms
- Contract of Purchase and Sale
- Strata Properties
- Standard Forms
- Strata Property Act
- Professional Development Program
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