Question

Under the new regulations when a seller gives permission to a broker to submit the property to the MLS, the seller is authorizing the broker to make a blanket unilateral offer of/or ______________ to all the other members of that MLS.

Answer 1

Under the new regulations, when a seller gives permissions to a broker to submit the property to MLS, the seller is authorizing the broker to make a blanket unilateral offer of/or

• agree to accept or reject sub-agency

to all members of that MLS.

Step-by-step explanation:

• MLS stands for Multiple Listing Service or Multiple Listing System. MLS is a such a service which is developed to assist different brokers to check the lists of different properties in different areas. These list help others to buy property of their liking as well as in selling their properties.
• Under new regulations, when a seller gives permissions to a broker to submit property to MLS, then the broker can make a blanket unilateral offer to agree to accept or reject sub-agency to all members of that MLS.