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Hello and thank you for watching our video about the new MLS opt-out form the form titled sellers' instruction to exclude listing from Multiple Listing Service begins with an initial reminder to the agent that this form along with a copy of the original listing agreement must be submitted to the MLS within three days of the listing agreement the following information on the form is meant to educate the seller as to the definition of the Multiple Listing Service the typical mandatory nature of submitting listings to the Multiple Listing Service within 72 hours of the listing contract date and the potential exposure listings within the MLS receive from real estate professionals and the public at large the second part of this form lists the possible impact of excluding the property from the MLS those items include reduced marketing to the local real estate professionals through the MLS reduced online exposure of the property and that the public may be unaware of the terms and conditions under which the seller is marketing the property the seller opt-out options are labeled as follows the complete opt-out where the property is not at anytime to be included in the MLS the time frame opt-out where the seller must indicate the date in which the property should be entered into the MLS the photo opt-out is used if the seller does not want a photo other property to appear in the MLS due to privacy concerns if the seller once their listing to be included in the risk MLS database after the property is sold they must initial the statistical information section of the form to allow for the property to be entered at the completion of sale in the last part of this form is reserved for the signatures listings must be submitted to the MLS within 72 hours of the contract date not including weekends and holidays it's a listing cannot be entered within 72 hours of the contract date because the seller has chosen not to authorize the listing to the MLS you must fax a completed signed copy of the MLS opt-out form along with a copy of the listing agreement if the seller is concerned about sending the listing to the MLS because it will be displayed on third-party advertising websites remember you can enter the listing into the MLS and choose not to send the listing to the internet through third parties and also ID just mark this fields in the listing as no internet and ID now the MLS also has a new MLS notice of change form the optional form can be used to document price changes or status changes for your properties these forms are available on writing comm, and you can also find download links for them below this video thanks for watching and have a fantastic day
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