There will be a summer forms release taking place the week of July 29, 2013. As a result of recommendations by the "Ethics and Professionalism Task Force" and member input, a decision was made by the Standard Forms Advisory Committee to amend the Residential Listing Agreement (RLA) to include language advising of advantages to including the property in the MLS and disadvantages of excluding the property from the MLS.
The language will be in the body of the RLA on page 2 and contained within a box and will need to be acknowledged by seller and agent initials. The SFAC also agreed to add language to the box regarding listing agent’s obligation to present all offers.
Finally, the Seller Instruction to Exclude Listing from the Multiple Listing Service or Internet (SEL) form will be separated into two different forms, one for exclusion from the MLS generally Seller Instruction to Exclude Listing from the Multiple Listing Service (SELM) and the other for opting out of internet features Seller Instruction to Exclude Listing from the Internet (SELI).