Listing Change Orders (MLS Change Form)

A listing agreement is a contract between the Broker (Buy the Beach Realty, LLC) and the Owner of a property.

Like any other contract, it cannot be modified unilaterally. That is, an owner has no right to decide he/she is going to change the amount of commission, the duration of the listing agreement or the asking price
without a mutual agreement to do so with the Broker.

The following rules govern changes to listings:

If the owner wishes to lower the asking price or extend the duration of the listing:

1. Prepare an MLS Change Form and submit it to the owner for signature.
   
2. When we receive it signed by the Owner, submit it to Broker for review and Broker’s signature.

If the owner wishes to raise the asking price or a1ter other terms of the listing except to cancel or withdraw from the market:

1. Fill out an MLS Change Order completely and PDF to Broker (no, not the owner!) along with copy of original listing agreement.
2. Ruth will contact you to discuss whether or not BTB will accept this request.
3. Only after you receive authorization from Ruth to submit form to owner are you permitted to do so.
4. If you do not hear back from Ruth within 24 hours please call or email to request response.
5. Unless and until you have done this, you may not modify the terms of an MLS listing in the computer or otherwise implement changes of any kind.

If the owner wishes to cancel or withdraw the property from the market:

1. Fill out a Cancellation of Listing Sale or Cancellation of Listing Lease form as appropriate.
2. Ruth will contact you to discuss whether or not Company will accept this request.
3. Only after you receive authorization from Ruth to submit form to owner are you permitted to do so.
4. If you do not hear back from Ruth within 24 hours please call or email to request response.
5. Unless and until you have done this, you may not modify the terms of an MLS listing in the computer or otherwise implement changes of any kind.

You are strongly urged to remember that the Broker is not obligated to approve changes to these listing contracts. Specifically, you ought to explain to Owners wishing to raise asking prices that such a request would be subject to the Broker’s approval and that it is unlikely to be granted since it would result in making it harder for us carry out our part of the contract and procure a transaction. Owners should understand that you do not have any authority to agree to such an alteration and that it is strictly a management decision.

The owner (and maybe you) may wonder, “but why?” It’s simple. We are hired to do a job at a list price that was mutually agreed upon. Presumably, that price was researched and discussed prior to signing a listing agreement. As stated, increasing the price will likely make it harder for us to fulfill our part of the contract. If a listing is lingering and hasn’t sold, increasing the price surely won’t help. But I received a dozen calls the first day and an offer (or multiple offers)… New listings typically spark interest and receive calls within the first 24-48 hours. If you receive an offer within the first 48 hours, congratulations! You and the owner got it right! This means the property is desirable (condition, view, location, etc) and it was priced right. If you received multiple offers, congratulations for the same reasons! See the multiple offers section on how to proceed. Multiple offers can be tricky, so reach out to Broker for guidance.