Mid NY Regional MLS, LLC

MLS Board

 

A Multiple Listing Service is a means by which authorized Participants make blanket unilateral offers of

compensation to other Participants (acting as subagents, buyer agents, or in other agency or non-agency

capacities defined by law); by which cooperation among Participants is enhanced, by which information is

accumulated and disseminated to enable authorized Participants to prepare appraisals, analyses, and other

valuations of real property for bona fide clients and customers; by which Participants engaging in real estate

appraisal contribute to common databases, and is a facility for the orderly correlation and dissemination of

listing information so Participants may better serve their clients and the public. Entitlement to compensation

is determined by the cooperating broker’s performance as procuring cause of the sale (or lease).

Any REALTOR® of this or any other Association who is a principal, partner, corporate officer or branch office

manager acting on behalf of a principal, without further qualification, except as otherwise stipulated in these

Bylaws, shall be eligible to participate in Multiple Listing upon agreeing in writing to conform to the Rules and

Regulations thereof and to pay the costs incidental thereto. However, under no circumstances is any

individual or firm regardless of membership status, entitled to Multiple Listing Service “membership” or

“participation” unless they hold a current, valid real estate broker’s license and offer or accept compensation

to and from other participants or are licensed or certified by an appropriate state regulatory agency to engage

in the appraisal of real property. Use of information developed by or published by an Association Multiple

Listings Service is strictly limited to the activities authorized under a Participant’s licensure(s) or certification

and unauthorized uses are prohibited. Further, none of the foregoing is intended to convey, “participation” or

“membership” or any right of access to information developed by or published by an Association Multiple

 Listing Service where access to such information is prohibited by law.

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