On May 9, 2019 the Board of Directors approved the following amendment to the RAHB Rules and Regulations Section 3 – 3.01 and 3.02 as follows:

3.01         An MLS® Listing may be suspended from the Association’s MLS® System before its expiration date provided that a copy of the OREA Association’s standard form entitled “Suspension of Listing Agreement” has been submitted to the Association or processed through Broker Load through the Association’s MLS® System within two (2) Association business days immediately following the date the Suspension of Listing Agreement is signed by the Seller who signed the original Listing Agreement or by his/her/their lawfully authorized representative and by the Broker of Record or Manager of the Listing Brokerage. Such Suspension of Listing Agreement shall not constitute a cancellation of the terms and conditions of the original Listing Agreement. The Listing Brokerage shall be responsible for all Suspension of Listing Agreements submitted or processed through Broker Load regardless of who submits or Broker Loads such forms on its behalf, including, but not limited to, by the Broker of Record, the Manager, or other Registrants or persons employed by the Listing Brokerage.

3.02          An MLS® Listing may be cancelled by completing OREA’s filing the Association’s standard form entitled “Cancellation of Listing Agreement” signed by the Seller who signed the original Listing Agreement or the Seller’s lawfully authorized representative and by the Broker of Record or manager of the Listing Brokerage and a copy of such Cancellation of Listing Agreement shall be submitted to the Association or processed through Broker Load through the Association’s MLS® System within two (2) Association business days immediately following the date the Cancellation of Listing Agreement is signed by all such parties. The Listing Brokerage shall be responsible for all Cancellation of Listing Agreements submitted or processed through Broker Load regardless of who submits or broker loads such forms on its behalf, including, but not limited to, by the Broker of Record, the Manager, or other Registrants or persons employed by the Listing Brokerage.

0 0