What differentiates a multiple listing contract from a simple exclusive listing?

• A. It adds marketing feature allowing sharing information and cooperating with other MLS members.
• B. It requires a signed buyer representation agreement.
• C. It prohibits advertising publicly.
• D. It excludes MLS participation.

Answer: (B)

The key difference is the ability to share the listing with and cooperate with other MLS members. A multiple listing contract puts the property into the MLS so other brokers can see it, bring buyers, and compete for a share of the commission through cooperative arrangements. A simple exclusive listing is typically marketed by one broker and isn’t automatically shared with or open to cooperation from other MLS participants. The other statements don’t define this distinction: buyer representation is a separate agreement, public advertising isn’t prohibited in either arrangement, and MLS participation isn’t excluded in the MLS-based approach.