Q: When a house is being listed for sale, does the listing realty company have a period of exclusivity before the listing goes to MLS? If so, how long is that period? Do all agents of the listing realty company have access to the information during that period of exclusivity?
A: Tucson real estate brokers and agents utilize an Exclusive Right to Sell Listing Agreement to list properties for sale through the Tucson Multiple Listing Service (TAR/MLS). The Exclusive Right to Sell Listing Agreement must be utilized to place properties into the TAR/MLS system. This Agreement is “Exclusive” in that only the listing broker and agent may represent the property owner and the property that is being marketed during the time period of the Listing Agreement. The Listing Agreement time period is negotiable, however brokers and agents would request a fair period of time to market the property, which ranges between 90 and 180 days, or longer. Once the listed property has been placed into the TAR/MLS system, access to the property’s information, features and photos is immediately available to all agents within the company, plus several thousand other local real estate brokers and agents. In fact, many brokers and agents from other communities throughout Arizona, such as the Metro-Phoenix area, may also enjoy access to listed properties in the Tucson MLS through membership in the TAR/MLS. Long Realty Company’s own website, www.longrealty.com, contains many thousands of listed properties from brokers and agents throughout Arizona, and is visited by hundreds of thousands of individuals from around Arizona, the nation and countries from around the world each year. I hope that answers your questions about the Exclusive Right to Sell Listing Agreement and the role of the Multiple Listing Service.