Reactivating a Listing after Pending Fallout
The BLCĀ® Policy does not
specifically address the allowance of placing a listing back on market after a
pending contract termination and MIBOR cannot provide you with legal advice.
Generally accepted business practice allows activation of a listing if a Mutual
Release has been executed by all parties or the purchase agreement contract is
expired. If there is a dispute preventing execution of a Mutual Release or any
other issue or question exists, we recommend you consult your attorney or the
IAR Legal Hotline at 1.800.444.5472or submit your question online at www.indianarealtors.com/legal-hotline.
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