Exempted (Office Exclusive) Listings
If a valid listing agreement exists between the listing broker and seller, and seller refuses to permit a listing of an otherwise eligible type to be disseminated by the Service, the Participant may then take the listing (“office exclusive”) and such listing shall be filed with the Service, but not disseminated to other participants. Filing of this listing should be accompanied by a certification (Office Exclusive Addendum or substantially similar) signed by seller that he/she does not desire the listing to be disseminated by the Service. Upon demand, the Board of Directors of each Shareholder or of those Associations of REALTORS® who subscribe to the Service, or Triad MLS shall have the right to review the original listing contract.
NOTE: If the MLS Participant publicly markets the listing, it is subject to Section 1.01, Clear Cooperation, and the MLS Participant must distribute the listing within one (1) business day of the public marketing.