Why Do Brokers Only Accept Exclusive Listings?

Why do brokers only accept exclusive listings? Overview by Chris at Hauseit® (https://www.hauseit.com).

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Real estate agents only accept "exclusive" listings because of MLS association rules and regulations.

Typically, the local MLS will only allow "exclusive" listings to be uploaded. The primary reason is to protect consumers from confusion, as there's only one broker listing the property and thus only one true person to contact.

In contrast, an open listing which you may see for landlord rental buildings in NYC where dozens or hundreds of agents may be listing the same unit for rent on many different websites, is more of a wild west.

Keep in mind, some MLS associations will go further and only allow a specific type of exclusive listing: an Exclusive Right to Sell Listing.

We explore this mystery and explain further in the following video.
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Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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