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 agent was a nonmember licensee, the listing agent must report the sale under the non-BLC office and the selling agent as the non-member licensee. When reporting a closed transaction where the listing agent was not a member of the BLC:
1. Enter the listing within 30 days of the Closed date.
2. Enter yourself as the List Agent.
3. Select "One Party" as the listing type instead of the typical "Exclusive Right to Sell."
4. The List date, Pend date, and Available for Show date are all the date of the Purchase Agreement.
5. The closing date will be the date on the settlement.
Once the listing has been updated to SOLD, it will automatically update to Non-BLC ® List Agent, as long as "One Party" was selected for the Listing Type.
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