Build to suit lots constitute a listing?
I have a scenario I was hoping to get some feedback on.
A broker in our MLS has a contract with a builder in our area. The contract states that whenever a lot/proposed home is sold to a buyer this brokerage represents the builder in negotiations with the buyer. After the sale is finished they would like to record the sale in the MLS. My question is would you consider this a listing since there is no listing contract? How does your MLS handle these type of agreements between builders and brokerages?