Understanding the MLS Authorization Form
The MLS Listing Authorization Form gives Home Bay's local broker the authority to list a property for sale on the MLS on your behalf. In an MLS agreement, the listing broker and seller agree upon a commission, which in our case, is ZERO. Our partner brokers do not charge a commission to list your property on the MLS.
Defining MLS Authorization:
If the listing broker's commission is zero, is the MLS Authorization form still necessary? Yes - here's why:
- The Multiple Listing Service requires that a signed agreement between the seller and listing broker exists, even if the listing commission is zero.
- If you offer a buyer's agent commission, it must be written on the MLS authorization, in order to be included in your MLS listing. While offering a buyer's agent commission is completely optional from a legal standpoint, it is highly encouraged.
- California law mandates that certain language is signed by consumers prior to listing their home for sale, even if they aren't paying a listing commission. Our authorization contains this language and satisfies CA legal requirements.
How Does Having a Listing Agreement Benefit You?
The listing authorization form is simply a stepping stone to get your property marketed and sold. If you have any questions regarding the form, please ask us.
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