Released Listing Application
A listing may be Released from the service when a Mutual Release from Listing Contract has been executed between
the sellers and the listing broker, as noted in the IAR form (Option A).
"Seller and Broker and its agents release each other from all rights, duties and liabilities in respect to the Listing Contract and agree that the Listing Contract shall be rescinded and of no further force or effect whatsoever. However, it is agreed that if the Property is sold, optioned, leased, or exchanged by Seller or any other person within [Insert Here] days after termination of the Listing Contract to any person procured in whole or in part by the efforts of the Listing Broker, cooperating broker, or Seller, Broker shall be entitled to the commission established in the Listing Contract. However, this provision shall not apply if the Listing Contract is released and the Property is listed exclusively with another licensed broker.
The listing status must be updated with in the BLC Listing Service within 2 full business days of the date of the
agreement to release the listing.
In connectBLC, use the Listings menu to select "Edit Listing Status." Alternatively, you can edit from the View/Manage
My Listings & Transactions, helpful if you do not have the BLC Listing Number on hand.
Updating the status to Released will be immediately effective. The status will automatically be changed to Expired overnight.
Related Articles
Released and Withdrawn Dates
Released Date Definition Seller(s) and Participant and Listing Agent complete a Mutual Release contract to release each other from all rights, duties and liabilities in respect to the Listing Contract and agree that the Listing Contract shall be ...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 ...Withdrawn Listing Application
A listing may be Withdrawn from the service when a Mutual Release from Listing Contract has been executed between the sellers and the listing broker, as noted in the IAR form (Option B). "Seller and Broker agree to withdraw the Property from the ...How Do I Enter a Listing for My Team?
To add a Team to a listing, first the Team Lead must create the team. Read More When adding or editing the List Agent portion of a listing, The Team will now be searchable. Select from available teams in your company's list to import the team ...Listing Status Quick Guide
The following Statuses are applicable to all eligible listings which are defined as those in which a fully executed listing contract has all signatures obtained including the Managing Broker. Active Pre-Market Office Exclusive Temporarily Off Market ...