Understanding the Multiple Listing Contract (MLC)
This video has been created to share with you in order for clients to better understand the Multiple Listing Contract (MLC), which is used in real estate transactions in BC.
The MLC is used when a seller engages a Realtor to list their property on the Multiple Listing Service (MLS).
The MLC outlines the professional relationship between the Seller, the Seller's Realtor, and the Seller's Realtor's Brokerage and also outlines the terms of the listing and agreement.
This video will help introduce the MLC, so you have the opportunity to familiarize yourselves with the standard form and its purpose and contents, helping to facilitate a discussion and ensuring you are comfortable with the document prior to signing.