Buyer Agent is Not a MIBOR Member
When an offer is accepted on a listing, the listing brokerage will need to pend the listing in the BLC service within 2 business days of the accepted offer.
If the buyer is being represented by a non-MIBOR broker, the list agent or office will need to use the code (9999) in the buyer agent field.
Enter the additional collaborative closing questions regarding the transaction. This will include the Buyer Financing and Buyer Agency Compensation
Once all of the pending data is entered, select the save button in the upper right corner. The buyer agent will appear as a 9999: Non-BLC Member
Note: 9999 should be used when there is no buyer agent representation as well.
Related Articles
Collaborative Closing Process- Buyer Agent Is A Non-BLC Member
If a listing agent has a pending transaction and the buyer agent is not a MIBOR member, the buyer agent code will be entered as 9999 to denote a non-BLC member. Buyer Agent is Not a MIBOR Member. When the property has sold and the list ...Collaborative Closing-Buyer Agent Side
The most common requests for listing changes after a closing are the Sold Price, Listing Address, Listing Status, and List Agent and Co-List Agent and Buyer Agent and Co-Buyer Agent information. By introducing a collaborative process of checks and ...How Do I Request A Pending Listing Transfer As A Buyer Agent?
If you are representing a buyer in a transaction and before closing decide to transfer brokerages, you'll need to talk with your Managing Broker to determine whether they are willing to release that transaction to close under your new brokerage. If ...How do I add a shortcut to my iPhone so MIBOR Central is an app?
OPTION 1 Open Safari. Other browsers, such as Chrome, won't work for this. Need to know how to do this on an Android? Click here! 1. Navigate to the website you want to save to your home screen by entering the URL of the website you want to create a ...Reporting Sale for Buyer Representation Only
Reporting Sales when One Party was a Non-Member Licensee. When a sale involves both a member and a non-member licensee, the member may only report him/herself for one side of the transaction. When reporting a closed transaction where the selling ...