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The Multiple Listing contract is utilized when a seller wants to use a realtor to list their property on the Multiple Listing Service (MLS). This legal agreement outlines the professional relationship between the seller, the seller's realtor, and the realtor's brokerage, as well as the listing terms. It protects all involved parties by specifying their rights and obligations. The contract includes sections on basic listing terms, such as start and end dates, listing authority, and seller, realtor, and brokerage obligations. The listing term is determined by factors like market conditions, home condition, unique attributes, and location.
