This video explains the requirements and procedures for handling Office Exclusive and Delayed Entry listings within CVRMLS, including timelines, documentation, and marketing restrictions.

CVRMLS requires that all listings be submitted to the MLS system within defined timeframes unless the seller elects to opt out. If the seller opts out of MLS submission, the listing firm may take the listing as an office exclusive/delayed entry listing. 

Delayed Entry Listing -A listing that will be entered into the MLS at a later date, as specified by the seller.
Office Exclusive Listing -A listing subject to a ratified listing agreement that is not entered into the MLS and is only marketed internally within the listing brokerage.

Both Delayed Entry and Office Exclusive listings require:

• A ratified Owner Listing Opt-Out Authorization Form
• Submission to CVRMLS no later than 3 calendar days after listing agreement ratification. 

Marketing Restrictions

• No public marketing is permitted

• Marketing is limited strictly to:

  • Agents within the listing brokerage firm

• Listings may not be shared publicly, including but not limited to:

  • Websites
  • Social media
  • Email campaigns to external parties

If any public marketing occurs, the listing must be entered into the MLS within 1 business day. This rule applies regardless of prior Office Exclusive or Delayed Entry status.

Transcript

Hello everyone. My name is Chad Dawkins, and in this video, I will go over the rules around office exclusive and delayed entry listings. 

CVR MLS rules require that listings be entered within three days of seller ratification of the listing agreement, or within one day of public marketing, whichever comes first. If your seller would like to delay entry of their listing into the MLS or keep the listing out of the MLS entirely, the listing is considered a delayed entry or office exclusive listing. In CVR MLS, both scenarios are handled using the Owner Listing Opt-Out authorization form. 

The ratified Owner Listing Opt-Out Authorization Form must be submitted to CVR MLS within three calendar days of listing ratification. This form explains to the owner what opting out of MLS submission means for them and the listing broker. Paragraph four (4) of this form provides options for when, if ever, the listing is to be entered into the MLS.  

Office exclusive listings may not be publicly marketed and may not be promoted outside of the listing broker’s firm. If public marketing takes place at any point, the listing must be entered into the MLS within 1 business day. 

If you have questions about office exclusive listings that weren’t answered in this video, you can submit a ticket by emailing [email protected]