Suncoast MLS Rules & Regulations

Section 4.5: Expiration, Extension, and Renewal of Listings

Posted by PRO Fri, 17 Mar 2006 12:06:00 GMT

Listings filed with the MLS automatically expire at midnight on the date specified in the listing contract unless the Participant renews or extends the listing in the MLS prior to its expiration.

Following are the rules governing renewals and extensions dated after the expiration date of the original listing:

• If a listing expires and an extension is signed within 72 hours of the original expiration date, the Participant may call the MLS to extend the current listing; otherwise a new listing contract must be secured, and
  
  
  
  • It must be signed by all parties who signed the original listing.
    
    
  • It must be filed with the MLS and published as a new listing.
    
    
• If a listing is "under contract" and has not closed by the expiration date, it will automatically expire unless an extension is entered into the database.
  
  
• The MLS requires all extensions, including those "under contract," to have the seller’s authorization for the extension.
  
  

The following violation is subject to the Progressive Fine and Rules Schedule as stated in Section 10.1:

Failure to file an extension with the MLS within two business days of obtaining the seller’s signature. Entering an extension into the MLS database without the seller’s authorization and signature.