The purpose and intent of the TREB MLS Rule R-760 that came into effect October 13, 2008 appears primarily to be an attempt to shield one class of membership from another, namely the Listing Brokerage from liability for the payment of commission to the Co-operating Brokerage upon the completion of a MLS transaction.
This raised the question of “should there be equal protection for a Co-operating Brokerage” ?
Read TREB MLS Rule 760 or your local MLS Rule governing a similar situation and submit your views,comments and solutions.
Important Notice: This information is provided as basic educational information by the author and is not a substitute for the advice of an expert and/or the advice of a lawyer. There is NO representation as to legality, accuracy, correctness of the herein information and the reader is strongly urged to consult a lawyer in the relevant jurisdiction to ensure accuracy before acting on this information