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The homeowner must sign a listing
agreement, which includes the seller's written
authorization to submit the agreement to the Service.
GAMLS listing agreements are available in the
supply centers.
Agents must complete the GAMLS listing
sheet for the appropriate property type. Dual
members using MLS Swift Dual Entry software complete
the Swift form. The listing agent certifies that
the required fields of data are correct and accurate.
Entry of inaccurate information may result in
the assessment of a fine of $25 per incident plus
$5 per day until the correction is made. Since
the broker is a member of GAMLS, all office single
family and multifamily listings must be entered
into the system. The listing sheets and change
forms are also available on the GAMLS web site.
(Forms link)
The listing must be entered into the
GAMLS computer system within 48 hours after obtaining
the necessary signatures (excepting weekends,
holidays and postal holidays) or be subject to
a fine. The listing agent then uses the change
forms to submit the pertinent listing changes.
When a contract offer is accepted,
the status of the listing must be changed in the
computer system to under contract within 24 hours
after accepting the necessary signatures (excepting
weekends, holidays and postal holidays) or be
subject to a fine. The listing agent reports the
projected closing date of the sale. This date
will set up a tickler system. The listing agent
is expected to maintain accurate projected closing
dates. If the projected closing date passes and
the listing remains in under contract status the
listing agent is subject to a fine.
When the sale is closed, the listing
must be changed to sold status within 24 hours
(excepting weekends, holidays and postal holidays)
or be subject to a fine.
If a pending sale's contract is terminated
the listing must be changed to the appropriate
current status within 24 hours or be subject to
a fine. The fine for the noncompliance of these
policies is $25 with a $5 per day charge after
notification of noncompliance.
Listing Clarifications:
SF (Single
Family) listings may also be entered in AF (Acreage
and Farms).
SF (Single
Family) listings may also be listed as a RR (Rental
Residential), but if the listing has been rented,
the active SF listing must be withdrawn.
CM (Commercial)
listings may also be listed as RC (Rental Commercial),
but if the listing has been rented, the active
CM listing must be withdrawn.
All
other properties may be entered in only one property
type.
All
listings must be entered using valid area and
county codes or be subjected to a fine.
New construction listings can be submitted as
soon as the footings have been poured and no later
than the completion of the interior painting.
Mobile homes may be listed in the service only
if the land is included.
Commercial listings must include real property.
Entering Commission Information:
Based on the listing agreement, the
commission is expressed as a percentage of the
gross selling price or as a definite dollar amount.
The commission field will accept either type of
entry. Enter only the commission to the selling
broker. To enter a percentage, enter just the
percentage with the decimal point if needed. For
example, enter 3 and the commission will display
as 3.00. Enter 3.5 and the commission will display
as 3.50. Enter the flat dollar amount like 8000
and the commission will display as 8000.00.
Remark lines: Remarks lines 1-3 display
with the listings on the public sites.
All stated fees and fines are subject
to change.
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