Re-List Definition and Application

Re-List Definition and Application

Re-list Definition

 

Properties that are re‐listed by the same office or firm may be entered into the system as “new” provided the former listing (i.e. Listing ID #) has been in an off‐market status for at least 30 days.  Listings reactivated by the same office or firm in less than 30 days must be updated to an active status under the previous and most recent Listing ID #.   

 

Re-list Application   

 

      Section 1 – Entry of a listing as “NEW”  



  • A listing that has been Released prematurely may be re‐entered as a “new” listing by the same brokerage if it was released at least 30 days ago.  
  • A listing may be re‐entered as a “new” listing with no waiting period if the most recent status of the property is “Expired” or “Sold”.  
  • A listing may be re‐entered as a “new” listing with no waiting period if the property is being listed with a different company or firm.  This includes a REALTOR® transferring from one brokerage to another.
  • A listing may be re-entered as a “new” listing with no waiting period if the property is being listed with the same company but new owner.  
  • A listing may be re‐entered as “new” with no waiting period if the property has a new owner or was foreclosed and subsequently re‐listed with the same office or firm.  
  • A listing may be re‐entered as “new” with no waiting period if the listing is expired or released under an agent at one branch office and re‐listed with a different agent at a different branch office of the same firm. 

 

       Section 2 – Placing a listing “Back on Market”  

 

  1.    A listing that has been released prematurely to the expiration date by a brokerage will be prompted to re-activate the previous listing if the listing was released less than 30 days ago.  Once the listing is re-activated, the listing would display as “Back on Market/Active”.  If the listing expired naturally, the brokerage will be able to add a new listing into the BLC service with no waiting period per a new fully executed listing contract.


      Section 3 – Listing Transfers within a brokerage or branch office of the same firm

 

 

  1.      Listing transfers are limited to intra-office transfers.  Eg. Branch offices that are under the same managing broker can complete a listing transfer form to move a listing from one branch to another.  The form below should be filled and fully executed, then emailed to the help desk at helpdesk@miborsupport.com

 

           http://www.mibor.com/clientuploads/PDFs/BLC%20Docs/Intra-Brokerage_Listing_Transfer_From_2018_1.pdf?displaytype=Interior

 

·        If an agent is transferring from one branch office to another within the same firm, the Managing Broker will complete the electronic member transfer form Transfer to Another Company  Any listing that will follow the agent to the new branch office can be transferred by the listing transfer form under the existing Listing ID number.  (see link to the form above).

 

Note:  If a member transfers from one brokerage to a different brokerage, the Managing Broker has the option to retain the listing or release it so the agent can re-list with their new brokerage.   If they do not execute a mutual release, the listing will remain with the original firm.  The list agents name will either need to be updated to the Managing Broker’s name or updated to another agent in the office.  The original brokerage will have access to the listing in the BLC service to make any listing updates moving forward.  This will also ensure that the brokerage has access to the listing in BrokerBay to manage the showings.



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