Article II - Selling Procedures
Section 2.6 Reporting Listings “Under Agreement”
By the Deadline for Filing, the Listing Broker shall File notice with the Service of each Listing that is “Under Agreement”. If the Seller and the Listing Broker want a Listing that is “Under Agreement” to remain “active”, the Listing Broker, by a key, code or symbol as specified by the Service, shall clearly designate on the Property Data Form for the Listing (a) that the Seller and the Listing Broker have signed an Active Status Request Form for the Listing and (b) the duration of the “active” status period specified in the Form. If the Listing Broker has made the foregoing designations on the Property Data Form, then that Listing shall be deemed to be “active” for the designated “active” period specified in the Active Status Request Form and shall be properly identified as such in the System. For so long as the Listing remains “active” pursuant to an Active Status Request Form, the Listing Broker shall diligently and in good faith continue to show the Listing and seek additional offers for it. A Listing that is “Under Agreement” shall be deemed to be “off market” if the Listing Broker has failed for any reason to designate on the Property Data Form for that Listing that the Seller and the Listing Broker have signed an Active Status Request Form for the Listing or if the “active” period specified in that Active Status Request Form has expired or been terminated by the Seller.
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