If you have listed a property with a Year Built of 2017, be sure that you are aware of this new rule.
All MLS rules shall apply to a NCL except as modified as follows:
- Submitting a NCL shall cause to be exempted from the Mandatory Submission Rule 7.8 each individual lot within the subdivision covered by the same Final Public Report as the NCL
- NCL Listing Broker agrees that the offer of compensation for the NCL filed with the MLS shall be the same offer of compensation pursuant to Rule 7.15 for all of the properties requiring disclosure of the same Final Public Report as the NCL property.
- Any agreement to modify the amount of the offered compensation published in the MLS as of the date the offer from a buyer is made, shall be voidable at the option of the buyer’s agent.
Upon final closing of any property subject to the same Final Public Report as the NCL, Listing Broker shall report or input in the MLS as “sold” and report the selling price within 2 business days of the final closing date.