rev 6/2017

SELLER AUTHORIZATION TO EXCLUDE LISTING AND/OR DATA FROM THE

NORTHWEST ARKANSAS BOARD OF REALTORS MULTIPLE LISTING SERVICE

Date: _________________ Property Address: ___________________________________________________________________________ Listing Contract Term: __________________ to _____________________ Beginning Ending

WHEREAS, the Northwest Arkansas Board of REALTORS, Inc. (NABOR) maintains a multiple listing service (MLS) for the benefit of its participants and subscribers who agree to abide by its MLS Rules and Regulations and Terms of Service. Listing information submitted to the MLS describes the property, price, and other terms and conditions under which a seller’s property is offered for sale, including but not limited to the listing broker’s offer of compensation to other brokers. These listings are available to all MLS participants and subscribers and their potential buyers through its subscription website, as well as to the general public through various real estate websites that receive MLS data.

WHEREAS, the MLS Rules and Regulations require all real estate agents and brokers who are participants in the MLS to submit all

their exclusive right to sell and exclusive agency listings located in the territorial jurisdiction of the MLS, within three (3) business days after obtaining all necessary signatures of the seller(s) for such listing. However, a seller may refuse to permit the listing to be disseminated by the MLS, in which case the broker must submit this completed authorization form to NABOR within three (3) business days, signed by the seller and the broker. Seller desires to exclude seller’s property from the MLS and acknowledges the following:

__________ I understand that my property will NOT be included in the MLS database available to real initials estate agents and brokers who subscribe to the MLS and their buyer clients, nor to the general

public via various real estate websites that are widely used by the public looking to purchase homes in the Northwest Arkansas region;

__________ I understand that real estate agents, brokers and members of the public consequently may initials be unaware of the availability of seller’s property or the terms and conditions under which seller

is marketing the property; and __________ I understand the reduction in exposure of seller’s property to other real estate offices and initials prospective buyers may reduce the number of offers and adversely impact the price or terms the

seller receives. Seller hereby instructs Broker to exclude seller’s property from the MLS for the following period: ☐

☐☐

☐ Temporarily, until _____________ (date),

☐

☐☐

☐ Permanently during the listing period provided for in the listing agreement. Seller certifies that seller understands the consequences of excluding his/her property from the MLS. By signing below, seller acknowledges that seller has read, understands, accepts and has received a copy of this authorization.

__________________________ ________ ______________________________ ________ Seller Signature Date Seller Signature Date __________________________ ________ ______________________________ ________ Listing Agent Signature Date MLS Participant Signature Date

LISTING BROKER IS REQUIRED TO SEND A COPY OF THIS AUTHORIZATION TO NABOR WITHIN THREE (3) BUSINESS DAYS OF THE LISTING CONTRACT DATE. THE FORM MUST BE FILLED OUT COMPLETELY AND

WITH ALL SIGNATURES IN ORDER FOR THE EXEMPTION TO BE ACCEPTED.

Send the signed authorization form by email to mls@nwarealtors.org or by fax to 479-365-2124.