My Listings: Exempt Listings

Exempt Listings Explained

The Listing Process and Exempt Listings

Once you have a signed exclusive listing agreement, it must be entered into Realtracs within forty-eight (48) hours with, at a minimum, an Incomplete status.

If the seller does not wish to have their listing disseminated by Realtracs, the Listing Agent should enter the listing Incomplete, classifying it as an Exempt Listing.

This form: [ Sellers Instruction Not to Disseminate Property Information through Realtracs ]must be filled out and signed by the Seller, the Listing Broker and the Listing Agent and uploaded to the listing as an attached document in the Media section of the Incomplete Exempt Listing.

Answers to Frequently Asked Questions

Q:  When am I required to enter a listing into the MLS?

Listings are required to be entered into Realtracs within 48 hours of the date shown on your signed listing agreement.  

Q:  Can the seller choose NOT to have their listing disseminated by Realtracs by putting it in writing?

Yes.  This is an Exempt Listing.  The listing agent can enter the listing into the MLS in an Incomplete Status as long as the following stipulations are met:

• The seller(s), listing broker, and listing agent must sign this form: [Sellers Instruction Not to Disseminate Property Information through Realtracs ] and upload the form as an attached Document to the Incomplete Listing.

Q:  Can I talk to another agent about an exempt listing?

Yes. 

Realtracs Exempt Listing Rules: Section 2.32

If the seller is informed about the potential impacts on their sale or lease and instructs the Participant in writing not to permit the listing to be disseminated by Realtracs to other Participants, then the listing Participant may take the listing, and the listing will be filed with Realtracs within 48 hours with a status of Incomplete. The exempt listing shall not be disseminated through Realtracs to other Participants. The restriction by the seller(s) against disseminating the listing via Realtracs must be (i) substantiated in writing and (ii) signed by the seller(s). Realtracs provides the “Sellers Instruction Not to Disseminate Property Information Through Realtracs” form for Participants’ use. The seller-authorized restriction must be included with the Incomplete listing as an attached document. This seller-authorized restriction, together with the exclusive listing agreement, shall also be maintained in the brokerage office records for the listing. A Participant’s use of exempt listings to circumvent cooperation with other Participants is prohibited; a Participant must cooperate with other Participants for all listings, including by impartially responding to requests for property information and arranging showings when in the client’s best interests.