Limited Service Listing (Yes/No) is a new, required data field in MLS

In October, 2006, the State of Ohio enacted a law regarding mandatory, real estate Minimum Service guidelines. Click here for the guidelines and here for the required form.

To disclose those listings where the listing broker provides limited services and which may have special instructions, a new, required data field is now available in MLS called, "Limited Service Listing (Yes/No)." Per Ohio law, if a seller has waived any required services of the listing broker, the broker must disclose to cooperating brokers that a waiver exists and must provide instructions to the coop brokers on what interaction with the seller is permitted. This can be accomplished by providing instructions in the "Agent Remarks."

Click here for the new MLS rule, Article 12.7.1, 12.7.2, regarding Limited Service (Yes/No) and other instructions.

Examples of Possible Scenarios where Limited Service = Yes:

1) When representing a Builder
2) When a consumer wants to handle all showings and/or negotiations
3) HUD listings
4) REO listings
5) When a brokerage business model limits its services to the consumer

Limited Service Listing (Yes/No) is a required field of entry. This means that any new listing or revised listing will require an entry (Yes/No) from this time forward.

Revised worksheets! Click here for updated Worksheets.

"Limited Service" will display on the Listing Detail Page and will print on the Full Agent Detail Report.

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